HARDING ROCK FUND

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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

2004

Legal Domicile

Principal Officer

MAX PIKE

Phone

4155616400

Tax Period

2023-01-01 to 2023-01-30

HARDING ROCK FUND, founded in 2004, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $65K exceeded revenue, resulting in a 1766% operating deficit.

Mission

TO SUPPORT THE TIDES FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $39,245

HARDING ROCK FUND IS FORMED FOR THE PURPOSE OF SUPPORTING THE TIDES FOUNDATION BY HOLDING AND MANAGING ASSETS FOR THE FOUNDATION AND MAKING GRANTS FROM THE INCOME OF SUCH ASSETS.TOP GRANTS SUPPORTED THE FOLLOWING OUTCOMES: GRASSROOTS ORGANIZING; NETWORK BUILDING AND COLLABORATION; RESEARCH AND EVALUATION; CAPACITY BUILDING AND TECHNICAL ASSISTANCE FOR LOW-INCOME AND POOR PEOPLE AND PEOPLE OF COLOR.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $3,481

TOTAL REVENUE $3,481

Expense Breakdown

Grants Paid $39,245

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,245

Other Expenses $25,718

TOTAL EXPENSES $64,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,481	$7,106	-0.5%
Expenses	$64,963	$611,209	-0.9%
Net Income	$-61,482	$-604,103	-0.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE LITVAK	DIRECTOR, SECRETARY AND CFO	0.50	Officer Director	$0	$0	$0
MAX PIKE	DIRECTOR, CEO	0.50	Officer Director	$0	$0	$0
P WILLIAM PARISH	DIRECTOR	0.50	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
2023	$3,481	$64,963	No data	$-61,482
2022	$7,106	$611,209	$61,482	$-604,103
2021	$234,631	$38,835	$665,585	$195,796
2020	$122,078	$131,484	$566,690	$-9,406
2019	$64,381	$11,609	$773,154	$52,772
2018	$169,693	$14,991	$707,028	$154,702