HARMONY FAMILY 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

1999

Legal Domicile

Principal Officer

MELISSA BALLARD

Phone

8659825225

Tax Period

2024-07-01 to 2025-06-30

HARMONY FAMILY CENTER INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $7.5M in total revenue in fiscal year 2024.

Mission

TO ARRANGE FOR THE PLACEMENT OF ORPHAN CHILDREN LIVING IN THE US AND FOREIGN COUNTRIES WITH ADOPTIVE PARENTS AND TO PROVIDE COUNSELING AND SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $6,831,157 Revenue: $399,681

HARMONY FAMILY CENTER PROVIDES SUPPORT TO CHILDREN AND THEIR GUARDIANS THORUGH AN ARRAY OF SERVICES INCLUDING ASSISTANCE WITH ADOPTIONS, FOSTER CARE RECRUITMENT AND TRAINING, HOME STUDIES AND OTHER ASSESSMENTS, COUNSELING AND THERAPEUTIC SERVICES, AND PROFESSIONAL AND COMMUNITY DEVELOPMENT AND EDUCATION.

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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 $7,047,211

Program Service Revenue $399,681

Investment Income $80

Other Revenue $51,754

TOTAL REVENUE $7,498,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,821,235

Fundraising Expenses $0

Program Expenses $6,831,157

Other Expenses $1,604,026

TOTAL EXPENSES $7,425,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,498,726	$7,734,258	0.0%
Expenses	$7,425,261	$7,763,947	0.0%
Net Income	$73,465	$-29,689	-3.5%

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

130

Volunteers

125

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

$139,783

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE CONING	CEO	40.00	Officer	$139,783	$0	$139,783
MELISSA BALLARD	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
TAMMI FORD	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
ALLISON COMER	BOARD MEMBER	N/A	Director	$0	$0	$0
ANN DRAKE	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM HANSARD	BOARD MEMBER	N/A	Director	$0	$0	$0
EMILY HODGES	BOARD MEMBER	N/A	Director	$0	$0	$0
DEBBIE PERRY	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHY SCOURBY	BOARD MEMBER	N/A	Director	$0	$0	$0
LAURA SHARP	BOARD MEMBER	N/A	Director	$0	$0	$0
ANTHONY WISE	BOARD MEMBER	N/A	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
2025	$7,498,726	$7,425,261	$2,437,445	$73,465
2024	$7,734,258	$7,763,947	$3,036,600	$-29,689
2023	$7,411,428	$7,476,998	$2,810,876	$-65,570
2023	$7,411,428	$7,476,998	$2,810,876	$-65,570
2022	$6,173,338	$6,360,138	$2,873,440	$-186,800
2021	$6,099,153	$6,136,281	$2,827,338	$-37,128
2020	$6,921,931	$6,960,445	$3,337,579	$-38,514
2019	$6,658,280	$6,495,115	$3,234,340	$163,165