MONROE HARDING 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

1976

Legal Domicile

Principal Officer

PAMELA MADISON

Phone

6152985573

Tax Period

2022-07-01 to 2023-06-30

MONROE HARDING INC, founded in 1976, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2022. Expenses of $3.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

SINCE 1893, MONROE HARDING CHANGES YOUNG PEOPLE'S LIVES. WE STEP IN AS A FAMILY, PROVIDING HOMES, HEALING, AND OPPORTUNITIES THAT ARE VITAL TO HELPING YOUNG PEOPLE SUCCEED. IN FY2023, MONROE HARDING SERVED 394 YOUTH RANGING IN AGE FROM BIRTH TO AGE 26.

Program Service Accomplishments

Program 1

Expenses: $1,414,856 Revenue: $2,029,371

MONROE HARDING'S FOSTER CARE PROGRAM PROVIDES CHILDREN IN STATE CUSTODY WITH SAFE, TRAUMA-INFORMED CARE HOMES WHILE THEY AWAIT PERMANENCY, EITHER THROUGH REUNIFICATION WITH BIRTH FAMILY OR ADOPTION. MH BEGINS BY IDENTIFYING AND RECRUITING FOSTER CARE FAMILIES AND ASSISTING THEM IN OFFERING HEALING HOMES THROUGH FAMILY AND GROUP OPPORTUNITIES SUPPORTING THE FOSTER & BIRTH FAMILIES TO DETERMINE THE YOUTH'S BEST OPTIONS FOR SUCCESSFUL GROWTH. SPECIFIC OUTCOMES INCLUDE SATISFACTION AS WELL AS YOUTH MEETING INDIVIDUAL GOALS. IN FY2023, WE SERVED 75 YOUNG PEOPLE IN OUR 34 FOSTER HOMES.

Program 2

Expenses: $815,779

MONROE HARDING'S SUPPORTIVE HOUSING SERVICES PROVIDES SAFE, AFFORDABLE HOUSING AND THERAPEUTIC SERVICES FOR YOUTH (AGE 18-26), WHO WOULD OTHERWISE BE HOMELESS, AS THEY HEAL FROM PAST TRAUMA. SERVICES INCLUDE MENTAL HEALTH SERVICES, OPPORTUNITIES FOR POST HIGH SCHOOL EDUCATION, SHORT-TERM AND LONG-TERM GOAL SETTING, AND PARTICIPATION IN SUPPLEMENTAL PROGRAMS AS THEY PLAN A JOURNEY TO SELF-SUFFICIENCY. SPECIFIC OUTCOMES INCLUDE SATISFACTION AS WELL AS YOUTH MEETING INDIVIDUAL GOALS. IN FY2023, MONROE HARDING SERVED 68 YOUNG ADULTS.

Program 3

Expenses: $978,365

MONROE HARDING'S RESOURCE CENTER PROVIDES VULNERABLE YOUNG ADULTS (AGE 16-26) A SAFE SPACE AND OPPORTUNITIES TO DISCOVER AND CREATE A SELFDETERMINED FUTURE. WE PROVIDE THERAPEUTIC SERVICES, FINANCIAL LITERACY CLASSES, EDUCATIONAL SUPPORT, SEXUAL HEALTH EDUCATION, COMMUNITY RESOURCE CONNECTION, PARENTING CLASSES AND WORKFORCE DEVELOPMENT SERVICES FOR YOUNG ADULTS. IN FY2023, MONROE HARDING SERVED 310 YOUNG ADULTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,357,868

Program Service Revenue $2,029,371

Investment Income $-137,300

Other Revenue $75,152

TOTAL REVENUE $3,325,091

Expense Breakdown

Grants Paid $243,528

Salaries & Benefits $2,210,186

Fundraising Expenses $271,278

Program Expenses $3,209,000

Other Expenses $1,348,790

TOTAL EXPENSES $3,802,504

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,325,091	$3,388,870	0.0%
Expenses	$3,802,504	$3,714,550	+0.0%
Net Income	$-477,413	$-325,680	+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

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

$137,343

Total Directors

$77,894

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAQUEL BARLOW	MEMBER	1.00	Director	$0	$0	$0
BRIAN BERRY	MEMBER	1.00	Director	$0	$0	$0
KANISHKA BIDDANDA	MEMBER	1.00	Director	$0	$0	$0
LEGINA CHAUDOIN	MEMBER	1.00	Director	$0	$0	$0
ASHLEY GOLSON	MEMBER	1.00	Director	$0	$0	$0
TRAVIS HAMILTON	MEMBER	1.00	Director	$0	$0	$0
JEANETTE OPHEIM	MEMBER	1.00	Director	$0	$0	$0
SYDNEY ROGERS	MEMBER	1.00	Director	$0	$0	$0
JOSHUA SCALES	MEMBER	1.00	Director	$0	$0	$0
JACKIE SHRAGO	MEMBER	1.00	Director	$0	$0	$0
RACHEL SODEE	MEMBER	1.00	Director	$0	$0	$0
LORI VANDERBOEGH	MEMBER	1.00	Director	$0	$0	$0
DEIDRE MATTHEWS	VP FINANCE & ADMIN.	40.00	Director	$77,894	$0	$77,894
PAMELA MADISON	CEO	40.00	Officer	$137,343	$0	$137,343
LARONDA HENDERSON	TREASURER	1.00	Officer	$0	$0	$0
BRITTANY MACON	SECRETARY	1.00	Officer	$0	$0	$0
KYLEN SHARPE	VICE CHAIR	1.00	Officer	$0	$0	$0
CHRIS WYATT	CHAIR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,325,091	$3,802,504	$11,278,513	$-477,413
2022	$3,388,870	$3,714,550	$10,409,928	$-325,680
2021	$4,360,503	$3,965,556	$12,177,860	$394,947
2019	$3,072,497	$3,535,012	$6,052,900	$-462,515
2018	$3,714,789	$3,493,992	$6,073,140	$220,797