SCHOOL OF HARMONY INC

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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

2008

Legal Domicile

Principal Officer

CHARLES LEE HICKS

Phone

3042533095

Tax Period

2021-01-01 to 2021-06-30

SCHOOL OF HARMONY INC, founded in 2008, is a micro nonprofit that reported $500 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring.

Mission

TO FOSTER EXCELLENCE IN FINE ARTS, TO CHALLENGE STUDENTS OF EVERY AGE AND BACKGROUND; TO DEVELOP THEIR TALENTS, DESIRES, AND ABILITIES; TO ASSIST STUDENTS IN ACHIEVING THEIR PURSUIT OF ORIGINALITY; TO ENCOURAGE THEM TO FIND AND ENJOY THEIR UNIQUE GIFTS AND TO BE RESPONSIVE AND A BLESSING TO THE GREATER COMMUNITY.

Program Service Accomplishments

Program 1

TO PROVIDE FINE ARTS INSTRUCTION AND EDUCATION IN THE FIELD OF MUSIC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $500

TOTAL EXPENSES $500

Year-over-Year Comparison

	2020	2019	Change
Revenue	$500	$116,696	-1.0%
Expenses	$500	$159,562	-1.0%
Net Income	$0	$-42,866	-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

N/A

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
MICHELE DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
SHEILA MEADOWS	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE PACK	DIRECTOR	N/A	Director	$0	$0	$0
JOANN BOYD	EXEC. VICE P	N/A	Officer	$0	$0	$0
CHARLES LEE HICKS	EXECUTIVE DI	2.00	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
2021	$500	$500	No data	No data
2020	$-53,280	$3,334	No data	$-56,614
2019	$116,696	$159,562	$22,597	$-42,866
2018	$215,538	$210,286	$106,875	$5,252