HARMONY SCHOOL CORPORATION (EIN 351554219) - 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

1983

Legal Domicile

Principal Officer

STEVE BONCHEK

Phone

8123348349

Tax Period

2024-09-01 to 2025-08-31

HARMONY SCHOOL CORPORATION, founded in 1983, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE MISSION OF HARMONY SCHOOL IS TO EDUCATE AND PREPARE YOUNG PEOPLE TO LIVE IN AND CONTRIBUTE TO A HETEROGENEOUS DECMOCRATIC COUNTRY, THROUGH THE DEVELOPMENT OF THE WHOLE STUDENT BY TEACHING CRITICAL THINKING AND ACADEMIC SKILLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $136,701

Program Service Revenue $944,165

Investment Income $136,885

Other Revenue $31,951

TOTAL REVENUE $1,249,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,148,083

Fundraising Expenses $81,587

Program Expenses $1,498,137

Other Expenses $603,548

TOTAL EXPENSES $1,751,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,249,702	$1,417,127	-0.1%
Expenses	$1,751,631	$1,822,847	0.0%
Net Income	$-501,929	$-405,720	+0.2%

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

$72,695

Total Directors

$72,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BONCHEK	PRESIDENT	50.00	Officer Director	$72,695	$0	$72,695
JESSE GOODMAN	TREASURER	2.00	Director	$0	$0	$0
ELIZABETH GWYNN	SECRETARY	2.00	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
2025	$1,249,702	$1,751,631	$10,460,990	$-501,929
2024	$1,417,127	$1,822,847	$10,441,205	$-405,720
2023	$4,798,716	$1,771,831	$10,014,398	$3,026,885
2022	$3,298,092	$1,634,736	$6,995,883	$1,663,356
2021	$1,513,089	$1,411,575	$6,560,469	$101,514
2020	$1,362,203	$1,572,247	$5,928,645	$-210,044

HARMONY SCHOOL CORPORATION