HARC FOUNDATIONINC (EIN 463961921) - 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

2013

Legal Domicile

Principal Officer

RUSSELL COLEMAN

Phone

8602186000

Tax Period

2024-07-01 to 2025-06-30

HARC FOUNDATIONINC, founded in 2013, is a small nonprofit in the Human Services sector that reported $192K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $5.1M represent 317 months of operating reserves.

Mission

THE CORPORATION IS FORMED TO DEVELOP, PRUDENTLY MANAGE AND DISBURSE FINANCIAL AND OTHER RESOURCES TO SUPPORT HARC, INC. AND ITS PROGRAMS AND SERVICES.

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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 $54,970

Program Service Revenue $0

Investment Income $137,162

Other Revenue $0

TOTAL REVENUE $192,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,000

Other Expenses $209,258

TOTAL EXPENSES $209,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,132	$133,954	+0.4%
Expenses	$209,258	$171,685	+0.2%
Net Income	$-17,126	$-37,731	-0.5%

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

N/A

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

$248,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL COLEMAN	PRESIDENT/CE	1.00	Officer	$0	$57,061	$248,443
PATRICE CALNEN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
WILLIAM DOMINELLO	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
EMMA LADD	BOARD MMEBER	1.00	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
2025	$192,132	$209,258	$5,134,925	$-17,126
2024	$133,954	$171,685	$4,707,967	$-37,731
2023	$127,990	$213,045	$4,408,967	$-85,055
2022	$-529,015	$217,371	$4,120,915	$-746,386
2021	$1,140,594	$204,926	$4,857,622	$935,668
2020	$175,635	$212,954	$3,786,954	$-37,319
2019	$56,875	$209,818	$3,824,273	$-152,943

HARC FOUNDATIONINC