HARRY K 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

2013

Legal Domicile

Principal Officer

HARESH B KESWANI

Phone

3022260675

Tax Period

2023-01-01 to 2023-12-31

HARRY K FOUNDATION, founded in 2013, is a small nonprofit in the Education sector that reported $447K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $73K, a strong 16% operating margin.

Mission

HARRY K FOUNDATION RAISES MONEY THROUGH FUNDRAISERS AND CONTRIBUTIONS. THE ORGANIZATION'S FUNDRAISERS INCLUDE AN ANNUAL GALA WHICH INCLUDES AN AUCTION OF DONATED ITEMS AND AN ANNUAL LUNCHEON. VARIOUS OTHER FUNDRAISERS ARE HELD THROUGHOUT THE YEAR. THE HARRY K FOUNDATION CHOOSES CHURCHES AND SCHOOLS TO ASSIST IN FEEDING CHILDREN AND FAMILIES IN NEED. ADDITIONALLY, RAISED FUNDS HAVE BEEN USED TO OPEN AND SUPPORT MULTIPLE FOOD PANTRIES IN DELAWARE.

Program Service Accomplishments

Program 1

Expenses: $279,235

DONATIONS TO FOOD BANKS AND EXEMPT ORGANIZATIONS.

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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 $385,616

Program Service Revenue $0

Investment Income $645

Other Revenue $60,257

TOTAL REVENUE $446,518

Expense Breakdown

Grants Paid $257,395

Salaries & Benefits $0

Fundraising Expenses $8,134

Program Expenses $279,235

Other Expenses $116,196

TOTAL EXPENSES $373,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$446,518	$497,038	-0.1%
Expenses	$373,591	$458,258	-0.2%
Net Income	$72,927	$38,780	+0.9%

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

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
LAURA GLASCOE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LAUREN S HARPER	TREASURER	1.00	Officer Director	$0	$0	$0
HARESH B KESWANI	PRESIDENT	2.00	Officer Director	$0	$0	$0
TARRIE MILLER	SECRETARY	N/A	Officer 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	No data	No data	No data	No data
2023	$446,518	$373,591	$777,117	$72,927
2022	$497,038	$458,258	$704,012	$38,780
2022	$497,038	$458,258	$704,012	$38,780
2021	$624,029	$444,983	$664,985	$179,046
2020	$358,810	$84,701	$487,465	$274,109
2020	$468,914	$454,565	$213,357	$14,349