HARMONIE ASSOCIATES (EIN 251052379) - 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

1956

Legal Domicile

Principal Officer

SCOTT ANGUS

Phone

7242664500

Tax Period

2022-07-01 to 2023-06-30

HARMONIE ASSOCIATES, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $142K in total revenue in fiscal year 2022. Expenses of $174K exceeded revenue, resulting in a 22% operating deficit.

Mission

OLD ECONOMY VILLAGE PRESERVES AND PRESENTS THE LIFE, THOUGHT, AND MATERIAL CULTURE OF THE HARMONY SOCIETY, A HIGHLY SUCCESSFUL AND ENTREPRENEURIAL NINETEENTH CENTURY RELIGIOUS COMMUNITY. OLD ECONOMY VILLAGE IS ADMINISTRED BY THE PENNSYLVANIA HISTORICAL AND MUSEUM COMMISSION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $40,823

Program Service Revenue $66,864

Investment Income $14

Other Revenue $34,310

TOTAL REVENUE $142,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,847

Fundraising Expenses $22,058

Program Expenses $103,281

Other Expenses $70,740

TOTAL EXPENSES $173,587

Year-over-Year Comparison

	2022	2021	Change
Revenue	$142,011	$134,835	+0.1%
Expenses	$173,587	$107,813	+0.6%
Net Income	$-31,576	$27,022	-2.2%

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

111

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
SCOTT ANGUS	PRESIDENT	4.00	Officer	$0	$0	$0
DAVID AITKEN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
BARBARA COSTA	SECRETARY	2.00	Officer	$0	$0	$0
PATRICIA FEDAK	BOARD MEMBER	4.00	Director	$0	$0	$0
RICHARD HUWAR	TREASURER	1.00	Officer	$0	$0	$0
TED KNAFELC	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK LAPINSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
TED MCAULEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE POCASANGRE	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERICK RETSCH	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN SAMPLE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM SAMPLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERTA SCIULLI	BOARD MEMBER	2.00	Director	$0	$0	$0
DR HENRY L THOMPSON III	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSANNE MCCOY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE PULGINI	BOARD MEMBER	6.00	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
2023	$142,011	$173,587	$91,293	$-31,576
2022	$134,835	$107,813	$125,564	$27,022
2021	$67,129	$40,682	$115,078	$26,447
2020	$133,428	$168,692	$88,687	$-35,264
2019	$214,733	$277,779	$108,820	$-63,046

HARMONIE ASSOCIATES