THE HARRISBURG ACADEMY FOUNDATION

EIN: 202529301 501(c)(3) Education

WORMLEYSBURG, PA

Total Revenue
$484,498
Total Expenses
$484,074
Total Assets
$7,022,262
Net Assets
$7,022,262
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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
PA
Principal Officer
MARK FOSTER
Phone
7177637811
Tax Period
2024-07-01 to 2025-06-30

THE HARRISBURG ACADEMY FOUNDATION, founded in 2004, is a small nonprofit in the Education sector that reported $484K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. Net assets of $7.0M represent 174 months of operating reserves.

Mission

INVESTMENT OF ENDOWMENTS TO PROVIDE GRANTS TO THE HARRISBURG ACADEMY FOR USE IN GENERAL OPERATIONS, FACULTY COMPENSATION, FACILITIES AND IMPROVEMENTS, AND SCHOLARSHIPS. THE ENDOWMENT ALLOWED FOR A GRANT TO THE ACADEMY OF OVER $429,726.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $253,017
Program Service Revenue $0
Investment Income $231,481
Other Revenue $0
TOTAL REVENUE $484,498

Expense Breakdown

Grants Paid $455,106
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $484,074
Other Expenses $28,968
TOTAL EXPENSES $484,074

Year-over-Year Comparison

2024 2023 Change
Revenue $484,498 $265,069 +0.8%
Expenses $484,074 $455,938 +0.1%
Net Income $424 $-190,869 -1.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
6
$302,433
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIAN ALLAN HEAD OF SCHOOL 0.12
Officer
$0 $11,891 $193,352
STEVEN PRESTON DIRECTOR OF BUSINESS OPERATIONS 0.12
Officer
$0 $9,835 $109,081
MARK FOSTER PRESIDENT 0.12
Officer Director
$0 $0 $0
JOSEPH GILLETTE TREASURER 0.12
Officer Director
$0 $0 $0
BILL WERT SECRETARY (END 09/24) 0.12
Officer Director
$0 $0 $0
TERI ROONEY SECRETARY (START 09/24) 0.12
Officer Director
$0 $0 $0
MATTHEW GRANDON BOARD MEMBER 0.12
Director
$0 $0 $0
KEITH CLARK BOARD MEMBER 0.12
Director
$0 $0 $0
TOM POLLIARD BOARD MEMBER 0.12
Director
$0 $0 $0
ED O'GORMAN BOARD MEMBER 0.12
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 $484,498 $484,074 $7,022,262 $424
2024 $265,069 $455,938 $6,501,967 $-190,869
2023 $2,643,555 $641,498 $6,076,008 $2,002,057
2022 $411,599 $486,943 $6,025,047 $-75,344
2021 $613,893 $485,950 $7,262,172 $127,943
2020 $277,330 $471,821 $5,985,606 $-194,491
2019 $474,189 $500,634 $6,272,070 $-26,445
2018 $533,377 $468,522 $6,378,238 $64,855
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