FRIENDS OF MOUNT HARMON INC

EIN: 510369880 501(c)(3) Arts, Culture & Humanities

ELKTON, MD

Total Revenue
$399,499
Total Expenses
$286,497
Total Assets
$4,032,871
Net Assets
$4,001,808
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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
1998
Legal Domicile
MD
Principal Officer
STEPHEN W ISAACSON
Tax Period
2020-07-01 to 2021-06-30

FRIENDS OF MOUNT HARMON INC, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $399K in total revenue in fiscal year 2020. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $113K, a strong 28% operating margin.

Mission

MAINTAIN HISTORIC STRUCTURES

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $250,859
Program Service Revenue $0
Investment Income $108,507
Other Revenue $40,133
TOTAL REVENUE $399,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,395
Fundraising Expenses $9,685
Program Expenses $135,567
Other Expenses $159,102
TOTAL EXPENSES $286,497

Year-over-Year Comparison

2020 2019 Change
Revenue $399,499 $358,388 +0.1%
Expenses $286,497 $281,970 +0.0%
Net Income $113,002 $76,418 +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

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Governance

Voting Members
7
Independent Members
7
Employees
10
Volunteers
21

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM OLMSTEAD SECTY 3.00
Officer
$0 $0 $0
DOMENIC PALAGRUTO TREASURER 4.00
Officer
$0 $0 $0
STEPHEN W ISAACSON PRESIDENT 5.00
Officer
$0 $0 $0
RICHARD RENCK VICE PRESIDENGT 4.00
Officer
$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
2021 $399,499 $286,497 $4,032,871 $113,002
2020 $358,388 $281,970 $3,336,719 $76,418
2019 $265,937 $256,616 $3,229,882 $9,321
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