Harmony Community Development Corporation (EIN 261245799) - 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

2000

Legal Domicile

Phone

2144676753

Tax Period

2024-01-01 to 2024-12-31

Harmony Community Development Corporation, founded in 2000, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

Strengthening families and revitalizing 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 $3,798,898

Program Service Revenue $43

Investment Income $8,715

Other Revenue $17,225

TOTAL REVENUE $3,824,881

Expense Breakdown

Grants Paid $680,026

Salaries & Benefits $1,806,665

Fundraising Expenses $231,360

Program Expenses $3,127,788

Other Expenses $1,424,113

TOTAL EXPENSES $3,958,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,824,881	$4,440,365	-0.1%
Expenses	$3,958,804	$4,292,404	-0.1%
Net Income	$-133,923	$147,961	-1.9%

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

2300

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

$187,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Echols	Director / Secretary	2.0	Officer Director	$0	$0	$0
John Stafford	Vice Chairman	2.0	Officer Director	$0	$0	$0
Rev Bryan Carter	Chairman	3.0	Officer Director	$0	$0	$0
Shari Hicks	Vice Chairman (Part Year)	2.0	Officer Director	$0	$0	$0
Susan Bryant	Treasurer	2.0	Officer Director	$0	$0	$0
Al Hernandez	Director	2.0	Director	$0	$0	$0
Al Herron	Director (Part Year)	2.0	Director	$0	$0	$0
Angelique Shamlin	Director	2.0	Director	$0	$0	$0
Asheya Warren	Director (Part Year)	2.0	Director	$0	$0	$0
Bemnet Meshesha	Director	2.0	Director	$0	$0	$0
Dr Samuel Bore	Director	2.0	Director	$0	$0	$0
Eric Ukpaka	Director	2.0	Director	$0	$0	$0
Latosha Herron Bruff	Director	2.0	Director	$0	$0	$0
Leslie Gambrell	Director	2.0	Director	$0	$0	$0
Steven Dawson	Director	2.0	Director	$0	$0	$0
Terrence Maiden	Director	2.0	Director	$0	$0	$0
Vana H Parham	Director	2.0	Director	$0	$0	$0
Rev Mark Porter	Executive Director	40.0	Officer	$151,477	$36,434	$187,911

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	$3,824,881	$3,958,804	$2,870,525	$-133,923
2023	$4,440,365	$4,292,404	$3,381,143	$147,961
2022	$5,745,586	$5,730,978	$3,462,373	$14,608
2021	$5,468,491	$5,103,375	$1,770,535	$365,116
2020	$2,930,892	$2,212,910	$1,368,731	$717,982
2019	$827,162	$559,841	$515,474	$267,321

Harmony Community Development Corporation