HARMONIE PRESERVATION FOUNDATION INC (EIN 273924036) - 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

2010

Legal Domicile

Principal Officer

CHRIS CAREY

Phone

2123557380

Tax Period

2023-01-01 to 2023-12-31

HARMONIE PRESERVATION FOUNDATION INC, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $82K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $32K, a strong 39% operating margin.

Mission

RESTORING, MAINTAINING & PRESERVING THE BUILDING LOCATED AT FOUR EAST SIXTIETH STREET.

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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 (2023)

Revenue Breakdown

Contributions & Grants $82,000

Program Service Revenue $0

Investment Income $0

Other Revenue $3

TOTAL REVENUE $82,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,675

Other Expenses $50,183

TOTAL EXPENSES $50,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,003	$93,600	-0.1%
Expenses	$50,183	$38,833	+0.3%
Net Income	$31,820	$54,767	-0.4%

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
CHRIS CAREY	PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL ISRAELS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MARC HAVES	TREASURER/SECRETARY	3.00	Officer Director	$0	$0	$0
WILLIAM SILVER	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBERT WERBEL	BOARD MEMBER	3.00	Director	$0	$0	$0
BRAD HARRIS	BOARD MEMBER	3.00	Director	$0	$0	$0
SAMANTHA HEFFNER	BOARD MEMBER	3.00	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
2024	No data	No data	No data	No data
2023	$82,003	$50,183	$273,788	$31,820
2022	$93,600	$38,833	$261,877	$54,767
2021	$94,469	$56,400	$210,197	$38,069
2020	$183,322	$61,743	$173,315	$121,579
2019	$954,317	$894,732	$342,600	$59,585
2018	$523,149	$721,942	$180,935	$-198,793

HARMONIE PRESERVATION FOUNDATION INC