HARMONY HOPE & HEALING (EIN 651174145) - 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

2003

Legal Domicile

Principal Officer

EDWARD D'ONOFRIO

Phone

3124660267

Tax Period

2023-07-01 to 2024-06-30

HARMONY HOPE & HEALING, founded in 2003, is a small nonprofit that reported $245K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $327K exceeded revenue, resulting in a 34% operating deficit.

Mission

Our mission is to heal individuals and families through the restorative power of music. We provide a safe and empowering environment where vulnerable individuals can find solace, express themselves, and rebuild their lives through musical expression. By harnessing the universal language of music, we create opportunities for healing, growth, and hope.

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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 $238,158

Program Service Revenue $6,417

Investment Income $17

Other Revenue $0

TOTAL REVENUE $244,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,543

Fundraising Expenses $0

Program Expenses $185,586

Other Expenses $147,285

TOTAL EXPENSES $326,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,592	$218,488	+0.1%
Expenses	$326,828	$252,422	+0.3%
Net Income	$-82,236	$-33,934	+1.4%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
EDWARD D'ONOFRIO	PRESIDENT	Director	$0	$0	$0
STAN JAWORSKI	DIRECTOR	Director	$0	$0	$0
SANDY KRAIMER	DIRECTOR	Director	$0	$0	$0
ANGELA HICKS	DIRECTOR	Director	$0	$0	$0
TOM RUATENBERG	DIRECTOR	Director	$0	$0	$0
MICHAEL NYKAZA	TREASURER	Director	$0	$0	$0
JOSH MAYWIN	SECRETARY	Director	$0	$0	$0
GAYLE FREY	DIRECTOR	Director	$0	$0	$0
KATIE PRATT	DIRECTOR	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	No data	No data	No data	No data
2024	$244,592	$326,828	$33,729	$-82,236
2023	$218,488	$252,422	$117,939	$-33,934
2022	$288,118	$292,564	$145,916	$-4,446
2021	$444,215	$409,466	$189,839	$34,749
2020	$332,058	$322,688	$148,114	$9,370
2019	$347,276	$341,776	$110,809	$5,500
2018	$324,678	$335,848	$124,547	$-11,170

HARMONY HOPE & HEALING