Capital Harmony Works Inc (EIN 223559611) - 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

1998

Legal Domicile

Principal Officer

Niki Spruill

Phone

6093948700

Tax Period

2024-07-01 to 2025-06-30

Capital Harmony Works Inc, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $726K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $937K exceeded revenue, resulting in a 29% operating deficit.

Mission

Capital Harmony Works empowers young people as teams of musicians, providing an environment of abundant resources and high expectations, and enriching the community through the joyful pursuit of excellence together.

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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 $717,551

Program Service Revenue $25,669

Investment Income $1,791

Other Revenue $-19,425

TOTAL REVENUE $725,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,675

Fundraising Expenses $100,455

Program Expenses $630,435

Other Expenses $274,339

TOTAL EXPENSES $937,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$725,586	$774,783	-0.1%
Expenses	$937,014	$1,170,170	-0.2%
Net Income	$-211,428	$-395,387	-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

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
Michelle Gbelama	Trustee	1.00	Director	$0	$0	$0
Fred Shahrooz Scampato	Trustee	1.00	Director	$0	$0	$0
Jessica Moore	Trustee	1.00	Director	$0	$0	$0
Anne Lester Trevisan	Trustee	1.00	Director	$0	$0	$0
Jessica Figueroa	Trustee	1.00	Director	$0	$0	$0
Genevieve Thayer	Chair	1.00	Officer Director	$0	$0	$0
Evelyn Rodriguez	Trustee	1.00	Director	$0	$0	$0
Tanice Fitzpatrick	Trustee	1.00	Director	$0	$0	$0
Samaad Robinson-Werner	Trustee	1.00	Director	$0	$0	$0
Joe Eisele	Treasurer	1.00	Director	$0	$0	$0
Erin Hartshorn	Trustee	1.00	Director	$0	$0	$0
Karen Richardson	Trustee	1.00	Director	$0	$0	$0
Phyllis Tsai	Trustee	1.00	Officer Director	$0	$0	$0
Anniesha Walker	Trustee	1.00	Director	$0	$0	$0
John Hart	Trustee	1.00	Director	$0	$0	$0
Anthony D Mack	Trustee	1.00	Director	$0	$0	$0
Mathias Hemberger	Vice Chair	1.00	Officer Director	$0	$0	$0
Zoe Brookes	Treasurer	1.00	Officer Director	$0	$0	$0
Niki Spruill	President & CEO	40.00	Officer	$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	$725,586	$937,014	$230,448	$-211,428
2024	No data	No data	No data	No data
2023	$1,123,154	$1,232,395	$840,955	$-109,241
2022	$1,204,825	$896,419	$940,815	$308,406
2021	$703,362	$508,763	$665,322	$194,599
2020	$711,133	$552,439	$450,108	$158,694
2019	$447,022	$462,520	$235,064	$-15,498

Capital Harmony Works Inc