Harkness House for Children

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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

1988

Legal Domicile

Principal Officer

Eleanor Ruffin

Phone

8475012549

Tax Period

2023-01-01 to 2023-12-31

Harkness House for Children, founded in 1988, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $271K, a strong 16% operating margin.

Mission

Harkness House for Children (HHC) began with the belief that all families deserve a quality affordable childcare program based on exemplary practices and procedures, implemented by a well trained, professional caring staff. HHC provides a loving, nurturing, multicultural environment with an anti-bias curriculum, in which children learn to respect and care for themselves and others. HHC is committed to bringing children, parents and caregivers together to support the family as a nurturing unit in a diverse society and to provide leadership to the larger childcare community.

Program Service Accomplishments

Program 1

Expenses: $1,205,134 Revenue: $1,743,026

Harkness House is a childcare and development center providing quality infant and early childhood care. Infants and toddlers are paired with a primary teacher in their classroom, allowing caregivers and children to develop strong relationships, a nurturing environment, and a solid foundation for learning. Daily hot catered lunches, creative curriculums, outdoor activities, music and art projects, field trips for older children, and classes in Spanish, yoga, tumbling, swimming and more are offered to students.

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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 $2,668

Program Service Revenue $1,740,974

Investment Income $50

Other Revenue $2,052

TOTAL REVENUE $1,745,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,198,552

Fundraising Expenses $119,856

Program Expenses $1,205,134

Other Expenses $276,332

TOTAL EXPENSES $1,474,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,745,744	$1,513,987	+0.2%
Expenses	$1,474,884	$1,517,345	0.0%
Net Income	$270,860	$-3,358	-81.7%

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beckley Maggio	President	0.50	Officer Director	$0	$0	$0
Shaelyn McFadden	Vice President	0.50	Officer Director	$0	$0	$0
Stephen Dewart	Treasurer	0.50	Officer Director	$0	$0	$0
Andrew Cheatham	Secretary	0.50	Officer Director	$0	$0	$0
Trent Acuff	Board Member	0.50	Director	$0	$0	$0
Chris Baggett	Board Member	0.50	Director	$0	$0	$0
Brigette Borders	Board Member	0.50	Director	$0	$0	$0
Melissa Brody	Board Member	0.50	Director	$0	$0	$0
Kate Heitzinger	Board Member	0.50	Director	$0	$0	$0
Jason Patch	Board Member	0.50	Director	$0	$0	$0
Joe Powers	Board Member	0.50	Director	$0	$0	$0
Lucy Werner	Board Member	0.50	Director	$0	$0	$0
Kristen WIlliams	Board Member	0.50	Director	$0	$0	$0
Steven Wolf	Board Member	0.50	Director	$0	$0	$0
Jonathan Reinich	Board Member	0.50	Director	$0	$0	$0
Eleanor Ruffin	Executive Director	55.00	Officer	$90,000	$0	$90,000

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	$1,745,744	$1,474,884	$2,026,366	$270,860
2022	$1,513,987	$1,517,345	$553,669	$-3,358
2021	$1,617,385	$1,537,987	$567,109	$79,398
2020	$1,009,748	$1,307,982	$661,894	$-298,234
2019	$1,367,336	$1,239,901	$743,672	$127,435
2018	$1,202,926	$1,263,656	$625,073	$-60,730