HARWOOD 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

1957

Legal Domicile

Principal Officer

AIMEE JOYNER

Phone

9015848281

Tax Period

2023-07-01 to 2024-06-30

HARWOOD CENTER INC, founded in 1957, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

ENABLE CHILDREN WITH SPECIAL DEVELOPMENTAL NEEDS TO REACH THEIR FULL POTENTIAL. WE PROVIDE EDUCATION AND THERAPY SERVICES TO CHILDREN AGE 18 MONTHS THROUGH 6 YEARS OLD WITH DEVELOPMENTAL DISABILITIES. OUR CORE SERVICES ARE SPECIALIZED PRESCHOOL CLASSROOMS AND APPLIED BEHAVIOR ANALYSIS SERVICES FOR CHILDREN WITH AUTISM AND DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,640,587 Revenue: $1,605,823

THE ORGANIZATION SERVED CHILDREN WITH SPECIAL DEVELOPMENTAL NEEDS, AGE 18 MONTHS TO 6 YEARS OLD, IN HOME, COMMUNITY, AND CENTER BASED SETTINGS. SOCIALIZED INSTRUCTION INCLUDING SPEECH, LANGUAGE...

THE ORGANIZATION SERVED CHILDREN WITH SPECIAL DEVELOPMENTAL NEEDS, AGE 18 MONTHS TO 6 YEARS OLD, IN HOME, COMMUNITY, AND CENTER BASED SETTINGS. SOCIALIZED INSTRUCTION INCLUDING SPEECH, LANGUAGE SERVICES, AND APPLIED BEHAVIOR ANALYSIS WERE AVAILABLE FOR THOSE REQUIRING SUCH.

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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 $247,491

Program Service Revenue $1,605,823

Investment Income $72,543

Other Revenue $36,752

TOTAL REVENUE $1,962,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,664,365

Fundraising Expenses $67,513

Program Expenses $1,640,587

Other Expenses $525,449

TOTAL EXPENSES $2,189,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,962,609	$1,725,687	+0.1%
Expenses	$2,189,814	$2,196,479	0.0%
Net Income	$-227,205	$-470,792	-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

$82,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF PERLMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES E HARWOOD IV	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN HALL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PERRE MAGNES	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE TROTTMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM LOVELESS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL CARRUTHER	TREASURER	1.00	Officer Director	$0	$0	$0
DENNIS G LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY ETTINGOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH LICHTERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN WIETIES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE EVANGELISTI	BOARD MEMBER	1.00	Director	$0	$0	$0
LAMEIKA PEGUES	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY PARISH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH CZUPRYK	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL LAULETTA	EXECUTIVE DIRECTOR	50.00	Officer	$82,075	$0	$82,075

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	$1,962,609	$2,189,814	$4,501,389	$-227,205
2023	$1,725,687	$2,196,479	$4,480,869	$-470,792
2022	$2,916,893	$1,957,797	$4,064,983	$959,096
2021	$1,648,408	$1,171,387	$4,206,561	$477,021
2020	$1,956,468	$1,868,669	$2,976,012	$87,799
2019	$3,034,409	$1,844,261	$2,669,540	$1,190,148