HARMONY COMMUNITY HEALTHCARE (EIN 410711606) - 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

1948

Legal Domicile

Principal Officer

BRENDA MOSER

Phone

5078866544

Tax Period

2023-10-01 to 2024-09-30

HARMONY COMMUNITY HEALTHCARE, founded in 1948, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 3% surplus.

Mission

TO PROVIDE CARE TO THE ELDERLY.

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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 $498,439

Program Service Revenue $4,460,353

Investment Income $20,339

Other Revenue $0

TOTAL REVENUE $4,979,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,527,561

Fundraising Expenses $0

Program Expenses $3,476,485

Other Expenses $1,285,711

TOTAL EXPENSES $4,813,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,979,131	$3,264,313	+0.5%
Expenses	$4,813,272	$3,217,391	+0.5%
Net Income	$165,859	$46,922	+2.5%

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

$3,016,700

Total Directors

$828,987

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI BAKALARS	PRESIDENT	2.00	Officer Director	$0	$46,248	$197,651
CHUCK JOHNSON	VICE PRESIDENT	2.00	Officer Director	$0	$49,570	$200,528
CHRIS SKAALEN	DIRECTOR	2.00	Director	$0	$0	$0
JEN BERENDES	DIRECTOR THRU (12/2023)	2.00	Director	$0	$38,432	$149,522
MANDI PERICAK	SECRETARY/TREASURER	2.00	Officer Director	$0	$40,172	$159,374
DONNA SCHEEVEL	SECRETARY/TREASURER (BEG. 01/2024)	2.00	Officer Director	$0	$0	$0
KAREN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
SARAH MELDE	DIRECTOR	2.00	Director	$0	$31,941	$121,912
MICHELLE BORRESON	ADMIN./CEO (THRU 03/2024)	25.00	Officer	$0	$56,645	$184,702
JOHN CEELEN	CFO-BGHS (BEG. 02/2024)	2.00	Officer	$0	$0	$0
THOMAS WOAHLOE	INTERIM ADMIN. (03/24 THRU 12/24)	25.00	Officer	$0	$0	$0
BRENDA MOSER	FINANCE ADMINISTRATOR	4.00	Officer	$0	$51,157	$228,179
SCOTT RATHGABER	CEO-BGHS	2.00	Officer	$0	$68,728	$1,712,949
STEVE LITTLE	CFO-BGHS (THRU 02/2024)	2.00	Officer	$0	$0	$333,317
SUE LENZ	DIRECTOR OF NURSING	50.00	Highest	$116,344	$19,885	$136,229
GERALD OETZEL	FORMER CFO-BGHS	0.00		$0	$18,108	$573,176

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	$4,979,131	$4,813,272	$2,133,287	$165,859
2023	$3,264,313	$3,217,391	$2,059,124	$46,922
2022	$3,704,656	$4,443,691	$1,579,135	$-739,035
2021	$3,242,930	$3,515,792	$2,070,055	$-272,862
2020	$3,745,077	$3,610,478	$2,405,632	$134,599
2019	$3,812,821	$3,381,203	$2,173,051	$431,618
2018	$3,286,765	$3,286,389	$1,741,722	$376

HARMONY COMMUNITY HEALTHCARE