HARMONY FOUNDATION INTERNATIONAL INC (EIN 396073041) - 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

1959

Legal Domicile

Principal Officer

DAVID MILLS

Phone

6154239073

Tax Period

2024-10-01 to 2025-09-30

HARMONY FOUNDATION INTERNATIONAL INC, founded in 1959, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $2.0M left a modest 5% surplus.

Mission

TO CONNECT PEOPLE THROUGH CHARITABLE GIVING TO ENRICH LIVES THROUGH SINGING.

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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 $1,397,090

Program Service Revenue $144,000

Investment Income $534,313

Other Revenue $35,210

TOTAL REVENUE $2,110,613

Expense Breakdown

Grants Paid $495,481

Salaries & Benefits $867,218

Fundraising Expenses $584,169

Program Expenses $1,040,005

Other Expenses $641,558

TOTAL EXPENSES $2,004,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,110,613	$2,385,714	-0.1%
Expenses	$2,004,257	$1,914,632	+0.0%
Net Income	$106,356	$471,082	-0.8%

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

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

$176,589

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENDALL WILLIAMS	CHAIR	10.00	Officer Director	$0	$0	$0
DAVID MILLS	VICE-CHAIR	6.00	Officer Director	$0	$0	$0
SHARON KNEEBONE	TRUSTEE	6.00	Director	$0	$0	$0
KATHY HAWKINS	TRUSTEE	6.00	Director	$0	$0	$0
JAY BYLSMA	TRUSTEE	6.00	Director	$0	$0	$0
NOAH FUNDERBURG	TRUSTEE	6.00	Director	$0	$0	$0
ROBERT RUND	TRUSTEE	6.00	Director	$0	$0	$0
PAUL FRANEK	TRUSTEE	6.00	Director	$0	$0	$0
BILL ROSICA	TRUSTEE	6.00	Director	$0	$0	$0
STEVEN DENINO	TRUSTEE	6.00	Director	$0	$0	$0
BILL COLOSIMO	TRUSTEE	6.00	Director	$0	$0	$0
DR PERRY D WHITE	HFI PRESIDENT AND CEO	50.00	Officer	$176,589	$0	$176,589
DONALD A LAURSEN	OFFICER	10.00	Officer	$0	$0	$0
GARY PLAAG	OFFICER	6.00	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
2025	$2,110,613	$2,004,257	$8,268,403	$106,356
2024	$2,385,714	$1,914,632	$8,333,212	$471,082
2023	$1,896,115	$3,310,788	$7,216,371	$-1,414,673
2022	$4,681,595	$2,274,228	$7,068,421	$2,407,367
2021	$2,692,504	$2,254,003	$5,976,223	$438,501
2020	$2,305,935	$2,452,933	$5,324,425	$-146,998
2019	$2,568,791	$2,741,601	$5,103,232	$-172,810
2018	$3,372,856	$2,803,586	$5,236,322	$569,270

HARMONY FOUNDATION INTERNATIONAL INC