THE HARDY CENTER INC (EIN 383917592) - 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

2014

Legal Domicile

Principal Officer

STEPHEN GARLAND

Phone

6142673733

Tax Period

2024-01-01 to 2024-12-31

THE HARDY CENTER INC, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $708K in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $431K, a strong 61% operating margin.

Mission

TO PREPARE YOUNG MINDS FOR A PROSPEROUS FUTURE THROUGH LITERACY LIFE SKILLS AND LEADERSHIP AND TO PROVIDE INNER-CITY CHILDREN WITH THE ELEMENTS THEY NEED TO BECOME MORE VIABLE WITHIN THIS SOCIETY.

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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 $708,072

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $708,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,500

Fundraising Expenses $11,178

Program Expenses $215,397

Other Expenses $260,494

TOTAL EXPENSES $276,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$708,072	$302,837	+1.3%
Expenses	$276,994	$304,825	-0.1%
Net Income	$431,078	$-1,988	-217.8%

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

250

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

$16,500

Total Directors

$16,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN GARLAND	EXECUTIVE DI	60.00	Officer Director	$16,500	$0	$16,500
WENDELL TUCKER	BOARD CHAIRM	5.00	Officer Director	$0	$0	$0
JERRY BROWN	BOARD TREASU	2.00	Officer Director	$0	$0	$0
KAMERON BRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
KORTNEY MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT TUCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINE BROAS	BOARD MEMBER	5.00	Director	$0	$0	$0
NICOLE WOODS	BOARD MEMBER	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
2024	$708,072	$276,994	$101,989	$431,078
2023	$302,837	$304,825	$73,135	$-1,988
2022	$181,280	$367,775	$81,825	$-186,495
2021	$634,199	$601,426	$151,678	$32,773
2020	$378,944	$372,867	$52,645	$6,077
2019	$258,544	$279,578	$49,203	$-21,034

THE HARDY CENTER INC