HARMONIA COLLABORATIVE CARE INC (EIN 161013562) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

HOWARD MARTIN

Tax Period

2023-01-01 to 2023-12-31

HARMONIA COLLABORATIVE CARE INC, founded in 1971, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO DELIVER THE NEEDED HUMAN SERVICES INTENDED TO REDUCE SOCIAL AND EMOTIONAL DISTRESS & THEREBY IMPROVING INDIVIDUAL/FAMILY FUNCTIONING AND QUALITY OF LIFE.WE WILL ACCOMPLISH THIS WITH A PROFESSIONAL DEDICATED STAFF, GOVERNMENT SUPPORT & COMMUNITY INVOLVEMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $373,357

Program Service Revenue $2,783,959

Investment Income $19,371

Other Revenue $2,188

TOTAL REVENUE $3,178,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,552,683

Fundraising Expenses $26,603

Program Expenses $2,971,239

Other Expenses $909,318

TOTAL EXPENSES $3,462,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,178,875	$2,869,429	+0.1%
Expenses	$3,462,001	$2,879,796	+0.2%
Net Income	$-283,126	$-10,367	+26.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$116,916

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE NOWAK	CEO	40.00	Officer	$116,916	$0	$116,916
TRISTAN KEELAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN JASINSKI	DIRECTOR	1.00	Director	$0	$0	$0
FRANCESCA TIOLECO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GRENNELL	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS ATTI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HOWARD MARTIN	CHAIR	1.00	Officer Director	$0	$0	$0
RAJAN PATEL	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE KLUCKHOLN	SECRETARY	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,178,875	$3,462,001	$1,539,548	$-283,126
2022	$2,869,429	$2,879,796	$1,722,892	$-10,367
2021	$2,977,086	$2,960,846	$1,756,164	$16,240
2020	$2,732,701	$2,196,202	$1,873,933	$536,499

HARMONIA COLLABORATIVE CARE INC