HARMONIC ARTS FOUNDATION

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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

2012

Legal Domicile

Principal Officer

PAULA JANE PROVANCE

Tax Period

2022-01-01 to 2022-12-31

Mission

THE TRUST WAS FORMED TO DISTRIBUTE AMOUNTS OF NET INCOME AND PRINCIPAL TO CHARITABLE ORGANIZATIONS OR EXPEND SUCH AMOUNTS OF NET INCOME AND PRINCIPAL FOR CHAIRITABLE PURPOSES, WHICH INCLUDES: FINDING, DEVELOPING AND FOSTERING THE GROWTH OF PRESERVING UNIQUE AND OBSCURE MUSICAL GENRES, INCLUDING BUT NOT LIMITED TO, JAZZ MUSIC AS CULTURALLY UNIQUE TO THE ST. LOUIS, MISSOURI REGION; EDUCATING THE PUBLIC TO THE PRESERVATION OF MUSIC, TRANSFERRING UNIQUE MUSIC FROM AN OLDER GERATION TO A YOUNGER GENERATION BY TEACHING, RECORDING AND PRESERVING THE ELEMENTS OF MUSIC GENRE; FOSTERING TALENTED INDIVIDUALS, WHOM WITHOUT HELP, WOULD NEVER HAVE THE MEANS OR DIRECTION TO PROMOTE THEIR OWN TALENTS; AND EDUCATING, SPONSORING AND PROVIDING MUSICIANS WITH TOOLS NECESSARY TO SECURE AN ARTISTIC FUTURE THEY WOULD OTHERWISE NEVER REALIZE. ALL SUCH SUPPORT SHALL BE LIMITED TO AND SHALL INCLUDE ONLY RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, OR THE FOSTERING OF NATIONAL OR INTERNA

Program Service Accomplishments

Program 1

ALL EXPENSES OTHER THAN ACCOUNTING ARE TO FOSTER DEVELOPMENT OF MUSICIANS WHO WOULD OTHERWISE NOT BE ABLE TO DEVELOPE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $210

TOTAL EXPENSES $210

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$12,300	-1.0%
Expenses	$210	$13,993	-1.0%
Net Income	N/A	$-1,693	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA JANE PROVANCE	TRUSTEE	N/A	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
2022	No data	$210	$2,881	No data
2021	$12,300	$13,993	$3,091	$-1,693
2020	$14,500	$21,106	$4,784	$-6,606
2019	$9,500	$2,660	$11,390	$6,840