HARMONY MENTAL HEALTH INC

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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

2015

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

HARMONY MENTAL HEALTH INC, founded in 2015, is a community nonprofit in the Mental Health sector that reported $1.7M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

HARMONY MENTAL HEALTH, INC. IS A TRAUMA-INFORMED MENTAL HEALTH AND SOCIAL SERVICES AGENCY PROVIDING DIRECT SERVICES TO WV CHILDREN AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,006,929 Revenue: $1,132,412

IN 2022, HARMONY MENTAL HEALTH INC. PROVIDED 8,488 HOURS OF THERAPY ACROSS SIX WEST VIRGINIA COUNTIES, SERVING CHILDREN AND FAMILIES IN NEED. THE ORGANIZATION IMPLEMENTED SCHOOL-BASED MENTAL HEALTH SERVICES IN 12 SCHOOLS LOCATED IN CALHOUN, WIRT, WOOD, KANAWHA, TYLER, AND WETZEL COUNTIES, IN ALIGNMENT WITH THE NATIONALLY RECOGNIZED HANDLE WITH CARE MODEL. THIS INITIATIVE INCLUDED THE PROVISION OF INDIVIDUAL THERAPY SESSIONS, WEEKLY LUNCH BUNCH SOCIAL-EMOTIONAL LEARNING GROUPS, AND THE PILOT LAUNCH OF THE COPING POWER RURAL CURRICULUM IN TWO ELEMENTARY SCHOOLS. THESE SERVICES AIMED TO REDUCE TRAUMA-RELATED BARRIERS TO LEARNING, SUPPORT EMOTIONAL REGULATION, AND STRENGTHEN COPING SKILLS AMONG PARTICIPATING STUDENTS.

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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 $347,925

Program Service Revenue $1,132,412

Investment Income $0

Other Revenue $203,627

TOTAL REVENUE $1,683,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,620,336

Fundraising Expenses $0

Program Expenses $2,006,929

Other Expenses $385,211

TOTAL EXPENSES $2,019,390

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,683,964	$1,502,616	+0.1%
Expenses	$2,019,390	$2,070,630	0.0%
Net Income	$-335,426	$-568,014	-0.4%

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

$293,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELICIA BUSH	CHIEF EXECUTIVE OFFICER	40.00	Officer	$79,938	$0	$79,938
CLARISSA COLEMAN	CHIEF PROGRAM OFFICER	40.00	Officer	$67,708	$0	$67,708
SKYLAR DAVIS-OWENS	CHIEF BUSINESS OFFICER	40.00	Officer	$43,659	$0	$43,659
AMBER DAVIS	CHIEF OPERATION OFFICER	40.00	Officer	$34,457	$0	$34,457
ROBERT T DAVIS	CHIEF HUMAN RESOURCES OFFICER	0.00	Officer	$32,442	$0	$32,442
CANDACE MITCHELL	CHIEF CONSUMER DATA OFFICER	40.00	Officer	$28,250	$0	$28,250
ANGELA PEACOCK	CHIEF ADMINISTRATION OFFICER	40.00	Officer	$6,667	$0	$6,667

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	$1,683,964	$2,019,390	$183,396	$-335,426