HARMONY PROJECT INTERNATIONAL

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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

2007

Legal Domicile

Principal Officer

MARTIN KOONCE

Phone

8179184836

Tax Period

2024-08-01 to 2025-07-31

HARMONY PROJECT INTERNATIONAL, founded in 2007, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $344K, a strong 30% operating margin.

Mission

HARMONY PROJECT INTERNATIONAL WAS CREATED FOR THE PRIMARY PURPOSE OF IMPROVING SPIRITUAL, PHYSICAL, AND EDUCATIONAL CONDITIONS OF PEOPLE IN DISADVANTAGED AREAS OF THE WORLD. THE FIRST OF THE ENDEAVORS IS THE DEVELOPMENT OF LIVINGSTONE INTERNATIONL UNIVERSITY IN MBALE, UGANDA.

Program Service Accomplishments

Program 1

Expenses: $638,670

HARMONY PROJECT INTERNATIONAL IS CURRENTY DEDICATED TO THE FURTHER DEVELOPMENT OF A PRIVATE LIBERAL ARTS UNIVERSITY IN MBALE, UGANDA CALLED LIVINGSTONE INTERNATIONA UNIVERSITY. IN THE CURRENT YEAR...

HARMONY PROJECT INTERNATIONAL IS CURRENTY DEDICATED TO THE FURTHER DEVELOPMENT OF A PRIVATE LIBERAL ARTS UNIVERSITY IN MBALE, UGANDA CALLED LIVINGSTONE INTERNATIONA UNIVERSITY. IN THE CURRENT YEAR, FUNDS WERE PROVIDED TO ASSIST OPERATIONS OF THE UNIVERSITY.

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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 $1,151,700

Program Service Revenue $0

Investment Income $41

Other Revenue $0

TOTAL REVENUE $1,151,741

Expense Breakdown

Grants Paid $512,537

Salaries & Benefits $184,815

Fundraising Expenses $76,004

Program Expenses $638,670

Other Expenses $110,419

TOTAL EXPENSES $807,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,151,741	$1,503,736	-0.2%
Expenses	$807,771	$805,386	+0.0%
Net Income	$343,970	$698,350	-0.5%

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

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	Role	Reportable Comp	Other Comp	Total
CRAIG STONE	CHAIRMAN	Officer Director	$0	$0	$0
MARK JACOBY	CHAIRMAN	Officer Director	$0	$0	$0
MARTIN KOONCE	EXECUTIVE DIRECTOR	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
2025	$1,151,741	$807,771	$1,346,553	$343,970
2024	$1,503,736	$805,386	$1,004,574	$698,350
2023	$617,413	$534,482	$264,242	$82,931
2022	$511,931	$469,112	$136,066	$42,819
2021	$514,711	$527,849	$66,864	$-13,138
2020	$781,745	$788,707	$89,504	$-6,962
2019	$1,131,193	$1,164,932	$287,705	$-33,739
2018	$968,328	$956,644	$852,719	$11,684