Harmon Hill Apartments Inc (EIN 571104442) - 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

2000

Legal Domicile

Principal Officer

Julie Ann Avin

Phone

8037861844

Tax Period

2024-01-01 to 2024-12-31

Harmon Hill Apartments Inc, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $189K in total revenue in fiscal year 2024. Expenses of $171K left a modest 10% surplus.

Mission

HOUSING FOR LOW INCOME MENTALLY DISABLED INDIVIDUALS

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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 $124,891

Program Service Revenue $60,734

Investment Income $34

Other Revenue $3,000

TOTAL REVENUE $188,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,977

Fundraising Expenses $0

Program Expenses $162,157

Other Expenses $147,623

TOTAL EXPENSES $170,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,659	$181,605	+0.0%
Expenses	$170,600	$178,629	0.0%
Net Income	$18,059	$2,976	+5.1%

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

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

$510,267

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Ann Avin	President	4.00	Officer	$0	$11,108	$219,546
Julie Miller	Secretary	4.00	Officer	$0	$7,666	$148,086
Susan O'Neal	Treasurer	4.00	Officer	$0	$7,438	$142,635
Shayla Merritt	Board Member	4.00	Director	$0	$0	$0
Mary Winter Teaster	Board Member	4.00	Director	$0	$0	$0
Mike Kelly	Board Member	4.00	Director	$0	$0	$0
Melanie Matthews	Board Member	4.00	Director	$0	$0	$0
Brad Shell	Board Member	4.00	Director	$0	$0	$0
Troy Washington	Board Member	4.00	Director	$0	$0	$0
Ronny Burkett	Board Member	4.00	Director	$0	$0	$0
Olivette Ford	Board Member	4.00	Director	$0	$0	$0
Dr Debra Hamm	Past Chair	4.00	Officer	$0	$0	$0
Dr Lucy Easler	Chair	4.00	Officer	$0	$0	$0
Shannon Tallent	Vice Chair	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
2024	$188,659	$170,600	$762,715	$18,059
2023	$181,605	$178,629	$775,454	$2,976
2022	$135,203	$184,837	$789,808	$-49,634
2021	$133,437	$179,973	$801,893	$-46,536
2020	$121,697	$161,326	$847,817	$-39,629
2019	$124,399	$150,183	$868,336	$-25,784
2018	$118,856	$144,162	$887,303	$-25,306

Harmon Hill Apartments Inc