HARMONY SERVICES INC

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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

2003

Legal Domicile

Principal Officer

ASHER HIRTH

Phone

7184358080

Tax Period

2024-07-01 to 2025-06-30

HARMONY SERVICES INC, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $15.4M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum.

Mission

HARMONY SERVICES PROVIDES SERVICES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $4,885,981 Revenue: $6,027,076

DAY HABILITATION CERTIFIED BY NEW YORK STATE OFFICE OF PEOPLE WITH DEVELOPMENTAL DISABILITIES (OPWDD) PROVIDED 28,000 UNITS OF SERVICE

Program 2

Expenses: $5,268,127 Revenue: $7,418,372

HCBS PROGRAM PROVIDED 109,000 UNITS OF RESPITE, PREVOCATIONAL, CAREGIVER ADVOCACY SERVICES

Program 3

Expenses: $742,207 Revenue: $852,176

ARTICLE 16 CLINIC PROVIDED 7,000 THERAPY SESSIONS FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,174,377

Investment Income $222,995

Other Revenue $28,176

TOTAL REVENUE $15,425,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,622,174

Fundraising Expenses $0

Program Expenses $14,099,976

Other Expenses $9,406,659

TOTAL EXPENSES $15,028,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,425,548	$8,332,106	+0.9%
Expenses	$15,028,833	$7,366,546	+1.0%
Net Income	$396,715	$965,560	-0.6%

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

130

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

$434,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH HIRTH	CHIEF EXECUT	35.00	Officer	$241,450	$0	$241,450
ASHER HIRTH	CHIEF FINANC	35.00	Officer	$150,875	$42,300	$193,175
SHEELA LOKIENSKY	CONTROLLER	35.00	Highest	$129,542	$15,490	$145,032
YAAKOV COHEN	PROGRAM DIRE	35.00	Highest	$121,442	$26,127	$147,569
JAY HIRTH	PROGRAM DIRE	35.00	Highest	$112,982	$25,687	$138,669
YARON BARUCH	PHYSICAL THE	35.00	Highest	$112,008	$0	$112,008
JOSEPH KLEIN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
LEONARD NATH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KATHERINE KARMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
EVE KRASNER	BOARD MEMBER	1.00	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
2025	$15,425,548	$15,028,833	$13,519,859	$396,715
2024	$8,332,106	$7,366,546	$11,235,874	$965,560
2023	$7,823,346	$6,505,357	$11,085,641	$1,317,989
2022	$8,089,676	$6,275,005	$6,600,041	$1,814,671
2021	$6,716,300	$5,233,054	$5,119,465	$1,483,246
2020	$7,169,623	$5,368,633	$3,800,116	$1,800,990
2019	$4,922,615	$5,446,981	$1,203,867	$-524,366
2018	$4,367,546	$5,365,876	$1,598,715	$-998,330