THE HARWOOD INSTITUTE FOR PUBLIC INNOVATION (EIN 311510297) - 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

1997

Legal Domicile

Principal Officer

RICHARD C HARWOOD

Phone

3016563669

Tax Period

2023-01-01 to 2023-12-31

THE HARWOOD INSTITUTE FOR PUBLIC INNOVATION, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 50% operating margin.

Mission

SEE PART III, LINE 1.

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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 $3,113,187

Program Service Revenue $160,047

Investment Income $8,904

Other Revenue $0

TOTAL REVENUE $3,282,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $949,320

Fundraising Expenses $880

Program Expenses $1,466,644

Other Expenses $688,644

TOTAL EXPENSES $1,637,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,282,138	$1,555,496	+1.1%
Expenses	$1,637,964	$1,357,000	+0.2%
Net Income	$1,644,174	$198,496	+7.3%

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

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

$291,866

Total Directors

$291,866

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD HARWOOD	PRESIDENT	60.00	Officer Director	$277,649	$14,217	$291,866
FORREST MOORE	CHAIRMAN	0.40	Officer Director	$0	$0	$0
SHARON ORLOPP	TREASURER	0.40	Officer Director	$0	$0	$0
BEVERLY SCHWARTZ	SECRETARY	0.40	Officer Director	$0	$0	$0
DAVID SELEB	DIRECTOR	0.40	Director	$0	$0	$0
JORGE REINA SCHEMENT	DIRECTOR	0.40	Director	$0	$0	$0
SUZANNE WALSH	DIRECTOR	0.40	Director	$0	$0	$0
SUZANNE MINECK	DIRECTOR	0.40	Director	$0	$0	$0
ROB BARRON	DIRECTOR	0.40	Director	$0	$0	$0
VON GORDON	DIRECTOR	0.40	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	$3,282,138	$1,637,964	$3,520,328	$1,644,174
2022	$1,555,496	$1,357,000	$1,922,248	$198,496
2021	$1,471,274	$1,149,673	$1,218,328	$321,601
2020	$1,095,768	$1,021,444	$783,907	$74,324
2019	$1,655,210	$1,643,889	$687,886	$11,321
2018	$1,819,895	$1,676,878	$685,267	$143,017

THE HARWOOD INSTITUTE FOR PUBLIC INNOVATION