Harambee Community Development Initiative Inc (EIN 223311125) - 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

1997

Legal Domicile

Principal Officer

Easter Parks

Phone

9736755000

Tax Period

2023-01-01 to 2023-12-31

Harambee Community Development Initiative Inc, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

Harambee unlocks the tremendous potential that exists within every child through educational programs and strategic partnerships.

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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 $1,179,590

Program Service Revenue $75,254

Investment Income $34

Other Revenue $0

TOTAL REVENUE $1,254,878

Expense Breakdown

Grants Paid $1,274

Salaries & Benefits $904,517

Fundraising Expenses $0

Program Expenses $1,028,723

Other Expenses $381,852

TOTAL EXPENSES $1,287,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,254,878	$1,296,484	0.0%
Expenses	$1,287,643	$1,317,287	0.0%
Net Income	$-32,765	$-20,803	+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

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

$85,026

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Walter McDowell	Acting Board Chairperson	1.00	Director	$0	$0	$0
Rev Maria Crompton	Director	0.50	Director	$0	$0	$0
Mary Puryear	Director	0.50	Director	$0	$0	$0
Easter Coleman-Parks	Executive Director	40.00	Officer	$85,026	$0	$85,026

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	$1,254,878	$1,287,643	$539,181	$-32,765
2022	$1,296,484	$1,317,287	$534,786	$-20,803
2021	$1,742,509	$1,401,998	$570,662	$340,511
2020	$1,309,881	$1,542,216	$642,607	$-232,335
2019	$1,521,254	$1,636,393	$561,459	$-115,139
2018	$1,565,687	$1,525,755	$678,221	$39,932

Harambee Community Development Initiative Inc