HARMONY MONTESSORI CENTER

EIN: 383414371 501(c)(3)

Oak Park, MI

Total Revenue
$145
Total Expenses
$717,054
Total Assets
$31,943
Net Assets
$31,943
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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
1998
Legal Domicile
MI
Principal Officer
Karen King
Phone
2482245902
Tax Period
2023-06-01 to 2024-05-31

HARMONY MONTESSORI CENTER, founded in 1998, is a micro nonprofit that reported $145 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $717K exceeded revenue, resulting in a 494420% operating deficit.

Mission

Montessori nursery school,

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $145
Other Revenue $0
TOTAL REVENUE $145

Expense Breakdown

Grants Paid $610,000
Salaries & Benefits $102,955
Fundraising Expenses $0
Program Expenses $610,000
Other Expenses $4,099
TOTAL EXPENSES $717,054

Year-over-Year Comparison

2023 2022 Change
Revenue $145 $518,703 -1.0%
Expenses $717,054 $73,098 +8.8%
Net Income $-716,909 $445,605 -2.6%
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

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$100,615
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anna Fast Treasurer 4
Officer
$50,360 $0 $50,360
Karen King President 4
Officer
$50,255 $0 $50,255
Barbara Ramundo Director 0.5
Director
$0 $0 $0
Eileen Wunderlich Director 0.5
Director
$0 $0 $0
Carol Breitmeyer Secretary 0.5
Officer
$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 $145 $717,054 $31,943 $-716,909
2023 $518,703 $73,098 $748,802 $445,605
2022 $343,544 $310,913 $462,341 $32,631
2021 $334,082 $262,215 $450,753 $71,867
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