HARLEM COMMUNITY CENTER (EIN 362706406) - 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

1957

Legal Domicile

Principal Officer

SHANNON SCHEFFEL

Phone

8156335817

Tax Period

2023-10-01 to 2024-09-30

HARLEM COMMUNITY CENTER, founded in 1957, is a community nonprofit in the Recreation & Sports sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 52% operating margin.

Mission

HCC PROMOTES A STRONG COMMUNITY BY OFFERING A BROAD RANGE OF PROGRAMS WHICH SUPPORT THE EDUCATIONAL, SOCIAL, AND RECREATIONAL NEEDS OF FAMILIES AND INDIVIDUALS.

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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 $7,048,620

Program Service Revenue $839,869

Investment Income $633,323

Other Revenue $137,691

TOTAL REVENUE $8,659,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,919,734

Fundraising Expenses $28,759

Program Expenses $3,626,281

Other Expenses $1,278,189

TOTAL EXPENSES $4,197,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,659,503	$4,066,257	+1.1%
Expenses	$4,197,923	$3,448,997	+0.2%
Net Income	$4,461,580	$617,260	+6.2%

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

108

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

$119,274

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON SCHEFFEL	EXECUTIVE DIRECTOR	40	Officer	$115,674	$3,600	$119,274
JASON BLUME	PRESIDENT	2	Officer Director	$0	$0	$0
ELISE CADIGAN	TREASURER	2	Officer Director	$0	$0	$0
NATHAN BROOK	BOARD MEMBER	2	Director	$0	$0	$0
ROBIN CHANDLER	BOARD MEMBER	2	Director	$0	$0	$0
MARK SORENTINO	BOARD MEMBER	2	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	$8,659,503	$4,197,923	$12,212,673	$4,461,580
2023	$4,066,257	$3,448,997	$5,664,851	$617,260
2022	$3,451,839	$3,211,930	$5,429,039	$239,909
2021	$2,944,089	$2,376,153	$5,194,009	$567,936
2020	$2,426,230	$2,551,193	$5,122,127	$-124,963
2019	$2,644,970	$2,898,962	$5,251,314	$-253,992
2018	$2,667,353	$2,756,007	$5,537,977	$-88,654

HARLEM COMMUNITY CENTER