HARCO INDUSTRIES LLC (EIN 341186529) - 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

1974

Legal Domicile

Principal Officer

AMBER SHAFER

Phone

4196744159

Tax Period

2023-07-01 to 2024-06-30

HARCO INDUSTRIES LLC, founded in 1974, is a small nonprofit in the Employment sector that reported $506K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $435K left a modest 14% surplus.

Mission

The citizens of Hardin County are reponsible to ensure that persons with disabilities realize opportunities and achieve goals, which enhances self-esteem and supports freedon of choice.

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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 $2,213

Program Service Revenue $487,964

Investment Income $284

Other Revenue $15,449

TOTAL REVENUE $505,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,247

Fundraising Expenses $0

Program Expenses $435,069

Other Expenses $165,822

TOTAL EXPENSES $435,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$505,910	$366,146	+0.4%
Expenses	$435,069	$450,694	0.0%
Net Income	$70,841	$-84,548	-1.8%

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

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

N/A

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

$46,326

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Sprang	Board Member	1.00	Director	$0	$0	$0
Ryan Yoakum	Board Member	1.00	Director	$0	$0	$0
Holly Sinn-Bailey	Board Member	1.00	Director	$0	$0	$0
Lee Bidwell	Secretary	1.00	Director	$0	$0	$0
Andrew Tudor	President	1.00	Officer	$0	$0	$0
LeeAnn Larson	Board Member	1.00	Officer	$0	$0	$0
Kathy Hines	Vice President	1.00	Officer	$0	$0	$0
Amber Shaffer	Director	40.00	Officer	$46,326	$0	$46,326

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
2025	No data	No data	No data	No data
2024	$505,910	$435,069	$523,428	$70,841
2023	$366,146	$450,694	$462,211	$-84,548
2022	$420,557	$467,297	$580,741	$-46,740
2021	$692,907	$447,756	$706,265	$245,151
2020	$458,520	$496,241	$488,191	$-37,721

HARCO INDUSTRIES LLC