MUSIC 4 MIRACLES INC D/B/A HARMONY HOPE STABLES

EIN: 271331083 501(c)(3) Philanthropy & Grantmaking

PALM CITY, FL

Total Revenue
$183,915
Total Expenses
$160,111
Total Assets
$55,456
Net Assets
$38,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
FL
Principal Officer
KRISTI HUDDLESTON
Phone
7722180045
Tax Period
2023-01-01 to 2023-12-31

MUSIC 4 MIRACLES INC D/B/A HARMONY HOPE STABLES, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $184K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $160K left a modest 13% surplus.

Mission

OUR MISSION IS TO BRING HARMONY, HOPE, AND HEALING INTO THE LIVES OF CHILDREN IN NEED AND PROVIDE THEM A THERAPEUTIC AND EDUCATIONAL EXPERIENCE FROM WHICH THEY CAN LEARN AND GROW.HARMONY HOPE STABLES ENVISIONS ITSELF AS A PLACE WHERE ALL CHILDREN HAVE CONTINUOUS ACCESS TO RESOURCES, SUPPORT, AND THERAPY SERVICES THAT ENABLE THEM TO FEEL CONFIDENT, SAFE, LOVED, AND REACH THEIR FULL POTENTIAL. WE ENVISION ACCESS TO OUR PROGRAMS FOR ALL CHILDREN WHO ARE IN NEED OF THESE VERY IMPORTANT THERAPEUTIC SESSIONS THROUGH HARMONY & HORSES, AND SIMULTANEOUS EXPANSION OF RESOURCES TO PROVIDE AN AMAZING OPPORTUNITY TO LOCAL HIGH SCHOOL STUDENTS THROUGH VIBE LEADERSHIP. OUR VISION IS TO HELP CHILDREN TO HEAL THROUGH MUSIC-CENTRIC ACTIVITIES AND EQUINE ASSISTED LEARNING, AND TO PASS OUR TRADITION OF HARMONY, HOPE AND HEALING TO THE NEXT GENERATION THAT WILL CARRY ON THIS GOOD WORK.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,347
Program Service Revenue $46,791
Investment Income $0
Other Revenue $56,777
TOTAL REVENUE $183,915

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,162
Fundraising Expenses $0
Program Expenses $160,111
Other Expenses $89,949
TOTAL EXPENSES $160,111

Year-over-Year Comparison

2023 2022 Change
Revenue $183,915 $151,514 +0.2%
Expenses $160,111 N/A N/A
Net Income $23,804 $151,514 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
50

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
4
$65,000
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH GAMBOTZ MEMBER 2.00
Director
$0 $0 $0
WILLIAM CJR HUDDLESTON MEMBER 55.00
Director
$0 $0 $0
KRISTI HUDDLESTON PRESIDENT 65.00
Officer
$65,000 $0 $65,000
SHAWN LOVE VICE PRESIDENT 5.00
Officer
$0 $0 $0
SUSAN SABATINO SECRETARY 5.00
Officer
$0 $0 $0
CAROLINE VINYARD TREASURER 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
2024 No data No data No data No data
2023 $183,915 $160,111 $55,456 $23,804
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