HARRITON ASSOCIATION (EIN 231654636) - 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

1962

Legal Domicile

Principal Officer

ROBERT COLLINS

Phone

6105250201

Tax Period

2023-01-01 to 2023-12-31

HARRITON ASSOCIATION, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $176K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $231K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE HARRITON ASSOCIATION WAS ESTABLISHED FOR THE PURPOSE OF PRESERVING, RESTORING, AND ADMINISTERING THE HARRITON HOUSE, A HISTORICAL HOUSE BUILT IN 1704. THE ASSOCIATION MAINTAINS THE HOUSE ON BEHALF OF LOWER MERION TOWNSHIP, MONTGOMERY COUNTY, PENNSYLVANIA. LOWER MERION TOWNSHIP IS THE OWNER OF THE HOUSE AND GROUNDS. THE BUILDING IS A PUBLIC MUSEUM.

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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 $115,118

Program Service Revenue $32,912

Investment Income $13,332

Other Revenue $14,272

TOTAL REVENUE $175,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,330

Fundraising Expenses $0

Program Expenses $32,976

Other Expenses $128,941

TOTAL EXPENSES $231,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,634	$194,354	-0.1%
Expenses	$231,271	$254,604	-0.1%
Net Income	$-55,637	$-60,250	-0.1%

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

$60,868

Total Directors

$60,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA CARPENTER MYERS	EXECUTIVE DI	40.00	Officer Director	$60,000	$868	$60,868
CLIFFE CHESTON	SECRETARY	1.00	Director	$0	$0	$0
ROBERT COLLINS	TREASURER	8.00	Officer Director	$0	$0	$0
SEE ATTACHED LIST OF DIRECTORS	DIRECTORS	1.00	Director	$0	$0	$0
JANE HASTINGS	VICE PRESIDE	2.00	Director	$0	$0	$0
TRINA VAUX	PRESIDENT	3.00	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
2024	No data	No data	No data	No data
2023	$175,634	$231,271	$2,713,614	$-55,637
2022	$194,354	$254,604	$2,773,072	$-60,250
2021	$232,736	$189,026	$2,831,117	$43,710
2020	$209,706	$179,814	$2,786,041	$29,892

HARRITON ASSOCIATION