HARVEST RAIN EARLY LEARNING ACADEMY INC (EIN 582489584) - 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

1993

Legal Domicile

Principal Officer

Douglas Thompson

Phone

4047237768

Tax Period

2024-01-01 to 2024-12-31

HARVEST RAIN EARLY LEARNING ACADEMY INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

COMMUNITY 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,188,392

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,188,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $774,065

Fundraising Expenses $0

Program Expenses $1,085,678

Other Expenses $436,867

TOTAL EXPENSES $1,210,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,188,392	$1,209,310	0.0%
Expenses	$1,210,932	$1,196,656	+0.0%
Net Income	$-22,540	$12,654	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS THOMPSON	CEO	60.00	Officer Director	$0	$0	$0
Parrish Graham	Secretary	1.00	Director	$0	$0	$0
Janice Bidgood	Treasurer	1.00	Director	$0	$0	$0
David Carnegie Jr	Board Member	1.00	Director	$0	$0	$0
Jamila Alexander	Board Member	1.00	Director	$0	$0	$0
Camilla Pope	Board Member	1.00	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
2024	$1,188,392	$1,210,932	$612,153	$-22,540
2023	$1,209,310	$1,196,656	$603,701	$12,654
2022	$1,426,083	$1,408,841	$592,967	$17,242
2021	$1,320,398	$1,244,401	$773,557	$75,997
2020	$1,577,761	$1,531,524	$700,939	$46,237
2019	$1,820,160	$1,791,485	$680,208	$28,675
2018	$1,692,228	$1,657,165	$653,928	$35,063

HARVEST RAIN EARLY LEARNING ACADEMY INC