HARLEM CHILDREN'S ZONE INC (EIN 237112974) - 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

1970

Legal Domicile

Principal Officer

KWAME OWUSU-KESSE

Phone

2123603255

Tax Period

2024-07-01 to 2025-06-30

HARLEM CHILDREN'S ZONE INC, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $77.1M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $148.6M exceeded revenue, resulting in a 93% operating deficit.

Mission

WE ENHANCE THE LIFE FOR CHILDREN AND FAMILIES IN SOME OF NYC'S MOST DEVASTATED NEIGHBORHOODS.

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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 $70,242,939

Program Service Revenue $120,000

Investment Income $1,878,757

Other Revenue $4,873,100

TOTAL REVENUE $77,114,796

Expense Breakdown

Grants Paid $14,405,255

Salaries & Benefits $73,441,184

Fundraising Expenses $2,222,141

Program Expenses $119,810,914

Other Expenses $60,748,843

TOTAL EXPENSES $148,595,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,114,796	$98,238,311	-0.2%
Expenses	$148,595,282	$133,872,818	+0.1%
Net Income	$-71,480,486	$-35,634,507	+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

Governance

Voting Members

Independent Members

Employees

1611

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

$2,502,236

Total Directors

$2,145,337

Key Employees

$3,116,459

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KWAME OWUSU-KESSE	CEO	40.00	Officer Director	$1,028,455	$247,967	$1,276,422
GEOFFREY CANADA	PRESIDENT	40.00	Officer Director	$815,948	$52,967	$868,915
STANLEY F DRUCKENMILLER	CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
KEITH MEISTER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEPHANIE COLEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MITCH KURZ	TREASURER	1.00	Officer Director	$0	$0	$0
MATTHEW C BLANK	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG BUCKMINSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER Z COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DON K CORNWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA ELBERSE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM HEARD	BOARD MEMBER (AS OF 02/25)	1.00	Director	$0	$0	$0
BRIAN HIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK KINGDON	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIPPE LAFFONT	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH G LANGONE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC W MANDELBLATT	BOARD MEMBER (THRU 07/02/24)	1.00	Director	$0	$0	$0
BENITA MELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACHARY J SCHREIBER	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHOK VARADHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD WITTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH STEFANO	CFO	2.00	Officer	$356,899	$0	$356,899
JAZMINE LEWIS	CHIEF STRATEGY OFFICER	40.00	Key Emp	$437,634	$190,782	$628,416
CHRISTIAN RHODES	DEPUTY EXECUTIVE DIRECTOR	40.00	Key Emp	$353,111	$93,038	$446,149
JENNIFER KLEIN	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$393,295	$121,929	$515,224
STEPHANIE C LILAVOIS	CHIEF COMMUNICATIONS OFFICER	40.00	Key Emp	$314,340	$88,768	$403,108
MICHAEL POHLY	CHIEF INVESTMENT OFFICER	40.00	Key Emp	$396,583	$52,967	$449,550
JUSTIN MAKER	FORMER SR. MANAGING DIR, HR	40.00	Key Emp	$604,650	$69,362	$674,012
TIFFANY FOUNTAIN	SENIOR ADVISOR	40.00	Highest	$266,587	$59,497	$326,084
MICHELLE A FIELD	CHIEF PROGRAM OFFICER	40.00	Highest	$328,070	$27,786	$355,856
SERINA MOYA THRU 0824	MGN DIRECTOR, HCZ K-12 AFTERSCHOOL	40.00	Highest	$448,485	$26,250	$474,735
JOSEPH CORDERO THRU 0724	MANAGING DIRECTOR, PLACE	40.00	Highest	$523,068	$32,959	$556,027
REBECCA NAVARRO	MGN DIRECTOR, EARLY CHILDHOOD	40.00	Highest	$273,591	$76,729	$350,320

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	$77,114,796	$148,595,282	$1,325,310,079	$-71,480,486
2024	$98,238,311	$133,872,818	$1,169,419,286	$-35,634,507
2023	$101,793,638	$117,336,803	$1,061,049,927	$-15,543,165
2022	$135,006,139	$104,256,350	$945,861,966	$30,749,789
2021	$171,399,865	$152,485,532	$970,988,312	$18,914,333
2020	$135,243,693	$105,355,924	$743,515,066	$29,887,769
2019	$112,391,649	$106,912,610	$662,601,920	$5,479,039
2018	$72,950,002	$105,702,988	$649,630,291	$-32,752,986

HARLEM CHILDREN'S ZONE INC