THE HARFORD CENTER 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

1967

Legal Domicile

Principal Officer

SHERRY NOLTE

Phone

4109391420

Tax Period

2023-07-01 to 2024-06-30

THE HARFORD CENTER INC, founded in 1967, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 10% surplus.

Mission

THE MISSION OF THE HARFORD CENTER IS TO PROVIDE INDIVIDUALIZED SERVICES TO HARFORD COUNTY ADULTS WITH INTELLECTUAL DISABILITIES BY UTILIZING PROGRAMS THAT FACILITATE PERSONAL GROWTH AND DEVELOPMENT FOR EACH INDIVIDUAL AND TREATING THEM WITH DIGNITY AND RESPECT.

Program Service Accomplishments

Program 1

Expenses: $1,979,973 Revenue: $2,769,630

DAY HABILITATIONTHE CENTER PROVIDES SERVICES PROGRAMS AND TRAINING TO PERSONS IN NEED OF REHABILITATION DUE TO INTELLECTUAL DISABILITIES. THE HARFORD CENTER CURRENTLY SERVES 128 INDIVIDUALS WITH...

DAY HABILITATIONTHE CENTER PROVIDES SERVICES PROGRAMS AND TRAINING TO PERSONS IN NEED OF REHABILITATION DUE TO INTELLECTUAL DISABILITIES. THE HARFORD CENTER CURRENTLY SERVES 128 INDIVIDUALS WITH INTELLECTUAL AND PHYSICAL DISABILITIES WITH 40 INDIVIDUALS IN OUR SUPPORT EMPLOYMENT PROGRAM. THE 88 PEOPLE IN OUR DAY PROGRAM LEARN DAILY LIVING SKILLS ALONG WITH COMMUNITY OUTINGS TO TEACH THEM HOW SOCIALIZATION AND COMMUNICATION SKILLS AS PART OF OUR MEANINGFUL DAY INITIATIVE. AS OF MARCH 2020, THIS HAS BECOME SIGNIFICANTLY MORE DIFFICULT DUE TO THE COVID-19 PANDEMIC.

Program 2

Expenses: $851,504 Revenue: $4,560

TRANSPORTATION PROGRAM THE CENTER PROVIDES TRANSPORTATION TO AND FROM THE FACILITIES FOR ITS CLIENTS. TRANSPORTATION IS ALSO PROVIDED FOR COMMUNITY OUTINGS SCHEDULED BY THE DAY PROGRAM AND FOR...

TRANSPORTATION PROGRAM THE CENTER PROVIDES TRANSPORTATION TO AND FROM THE FACILITIES FOR ITS CLIENTS. TRANSPORTATION IS ALSO PROVIDED FOR COMMUNITY OUTINGS SCHEDULED BY THE DAY PROGRAM AND FOR EMPLOYMENT AND VOLUNTEER OPPORTUNITIES. IT COSTS APPROXIMATELY $200,000 TO MAINTAIN AND FUEL OUT FLEET OF 21 VEHICLES. REVENUE IS INCLUDED IN OUR SERVICES PROGRAMS.

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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 $3,893,953

Program Service Revenue $162,488

Investment Income $83,097

Other Revenue $29,528

TOTAL REVENUE $4,169,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,698,831

Fundraising Expenses $0

Program Expenses $2,831,477

Other Expenses $1,063,423

TOTAL EXPENSES $3,762,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,169,066	$3,503,814	+0.2%
Expenses	$3,762,254	$3,393,203	+0.1%
Net Income	$406,812	$110,611	+2.7%

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

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

$248,432

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN KLEIN	CHAIRPERSON	5.00	Director	$0	$0	$0
PATRICK SPICER	VICE CHAIR	4.00	Director	$0	$0	$0
PAMELA GWALTNEY	DIRECTOR	3.00	Director	$0	$0	$0
RACHEL TROVATO	DIRECTOR	4.00	Director	$0	$0	$0
RANDY GEYER	DIRECTOR	2.00	Director	$0	$0	$0
JACOB BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HAGAN	DIRECTOR	3.00	Director	$0	$0	$0
NICOLE BIGGS	DIRECTOR	4.00	Director	$0	$0	$0
SCOTT HAIBER	DIRECTOR	4.00	Director	$0	$0	$0
GRAEME WOODS	DIRECTOR	2.00	Director	$0	$0	$0
NANCY BRUGH	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN RATTMAN	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA SUDANO	CLIENTS REPRESENTATIVE	1.00	Director	$0	$0	$0
SHERRY NOLTE	CHEIF EXECUTIVE OFFICER	40.00	Officer	$130,226	$20,111	$150,337
TIM BATTAGLIA	CHIEF FINANCIAL OFFICER	40.00	Officer	$91,014	$7,081	$98,095

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	$4,169,066	$3,762,254	$4,121,624	$406,812
2023	$3,503,814	$3,393,203	$3,591,255	$110,611
2022	$3,394,850	$2,846,542	$3,454,994	$548,308
2021	$3,117,796	$2,525,733	$3,923,240	$592,063
2020	$3,171,109	$3,063,792	$3,312,081	$107,317