Harmony Project Tulsa (EIN 474235862) - 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

Legal Domicile

Principal Officer

Bart Hall

Phone

9186881405

Tax Period

2023-07-01 to 2024-06-30

Harmony Project Tulsa is a small nonprofit in the Youth Development sector that reported $400K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 20% operating margin.

Mission

Music education, child development.

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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 $399,525

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $399,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,035

Fundraising Expenses $0

Program Expenses $235,186

Other Expenses $170,951

TOTAL EXPENSES $318,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,525	$222,315	+0.8%
Expenses	$318,986	$364,554	-0.1%
Net Income	$80,539	$-142,239	-1.6%

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

$133,192

Total Directors

$17,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Rad	Executive Dir.	20.00	Officer	$116,192	$0	$116,192
Bart Hall	Treasurer	2.00	Officer Director	$17,000	$0	$17,000
Heidi Rigert	Director	2.00	Director	$0	$0	$0
Ron Spigelman	President	1.00	Officer Director	$0	$0	$0
Dr Margaret Martin	Director	1.00	Director	$0	$0	$0
Daniel Regan	Director	0.00	Director	$0	$0	$0
Bruce Guthrie	Director	1.00	Director	$0	$0	$0
Dr David Hurewitz	Vice President	1.00	Officer Director	$0	$0	$0
Raymond Johnson	Director	1.00	Director	$0	$0	$0
Alexandra Holder	Director	1.00	Director	$0	$0	$0
Josh Jones	Director	1.00	Director	$0	$0	$0
Jennifer Sherman	Secretary	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	No data	No data	No data	No data
2024	$399,525	$318,986	$164,192	$80,539
2023	$222,315	$364,435	$83,653	$-142,120
2022	$266,489	$327,970	$225,773	$-61,481
2021	$456,103	$171,286	$287,254	$284,817

Harmony Project Tulsa