THE NEW HARMONY PROJECT INC (EIN 351728624) - 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

1987

Legal Domicile

Principal Officer

JENNIFER WERNER

Phone

3175271986

Tax Period

2024-07-01 to 2025-06-30

THE NEW HARMONY PROJECT INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $447K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $622K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE NEW HARMONY PROJECT IS A NATIONAL ARTS ORGANIZATION WHOSE MISSION IS TO NURTURE WRITERS IN THE DEVELOPMENT OF SCRIPTS AND NEW WORKS THAT INTERROGATE THE COMPLEXITY OF HOPE. THROUGH ARTIST-CENTERED PROGRAMMING, WE CARE FOR WRITERS SO THEY CAN CHANGE THE WORLD.

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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 $397,195

Program Service Revenue $39,929

Investment Income $4,308

Other Revenue $6,045

TOTAL REVENUE $447,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,465

Fundraising Expenses $63,802

Program Expenses $503,182

Other Expenses $442,508

TOTAL EXPENSES $621,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,477	$506,461	-0.1%
Expenses	$621,973	$416,701	+0.5%
Net Income	$-174,496	$89,760	-2.9%

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

$80,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX GALE	DIRECTOR	1.00	Director	$0	$0	$0
VICHET CHUM	CONNECTIVITY COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
JOSE CRUZ GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
DONNETTA LAVINIA GRAYS	DIRECTOR	1.00	Director	$0	$0	$0
LOUI LORD NELSON	PAST CO CHAIR	1.00	Director	$0	$0	$0
LILY HOUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KILBRIDE	DEVELOPMENT COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
NATALIE BEANE	CO CHAIR	1.00	Officer Director	$0	$0	$0
DARIA MIYEKO MARINELLI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TLALOC RIVAS	DIRECTOR	1.00	Director	$0	$0	$0
BLAIR RUSSELL	CO CHAIR	1.00	Officer Director	$0	$0	$0
RON GIFFORD	GOVERNANCE COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JEFFREY SPARKS	EMERITUS BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH STEENBERG	EMERITUS BOARD MEMBER	1.00	Director	$0	$0	$0
JENNI WERNER	ARTISTIC DIRECTOR	40.00	Officer	$80,900	$0	$80,900

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	$447,477	$621,973	$142,719	$-174,496
2024	$506,461	$416,701	$333,673	$89,760
2023	$434,477	$492,830	$240,514	$-58,353
2022	$438,699	$536,713	$289,365	$-98,014
2021	$337,515	$171,764	$410,577	$165,751
2020	$257,093	$185,501	$272,370	$71,592
2019	$291,778	$323,822	$273,395	$-32,044
2018	$265,395	$225,030	$218,525	$40,365

THE NEW HARMONY PROJECT INC