HARMONY HOME ASSOCIATED (EIN 680464596) - 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

1982

Legal Domicile

Principal Officer

CAROL MCKINNEY

Phone

9252566303

Tax Period

2023-10-01 to 2024-09-30

HARMONY HOME ASSOCIATED, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 12% surplus.

Mission

HARMONY HOME ASSOCIATED IS A NOT FOR PROFIT ORGANIZATION. THE ORGANIZATION'S MISSION IS TO POSITIVELY AFFECT THE QUALITY OF LIFE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES AND ALSO OTHERS WITH SIMILAR DISABILITIES AND PROVIDE SUPPORT FOR THEIR FAMILIES.

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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 $2,727

Program Service Revenue $3,323,075

Investment Income $66,420

Other Revenue $146,453

TOTAL REVENUE $3,538,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,544,475

Fundraising Expenses $0

Program Expenses $2,891,227

Other Expenses $556,198

TOTAL EXPENSES $3,100,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,538,675	$2,830,224	+0.3%
Expenses	$3,100,673	$2,718,958	+0.1%
Net Income	$438,002	$111,266	+2.9%

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

N/A

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

$126,157

Total Directors

$126,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL MCKINNEY	VP- CFO	40.00	Officer Director	$126,157	$0	$126,157
LINDA RINECK	Director	2.00	Director	$0	$0	$0
CRIS TINA SPILLETT	Director	2.00	Director	$0	$0	$0
DAN BUNDY	Secretary	2.00	Officer Director	$0	$0	$0
TIM FLAHERTY	Director	2.00	Director	$0	$0	$0
ALLISON MACKIE	President & CEO	2.00	Officer 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	$3,538,675	$3,100,673	$6,976,977	$438,002
2023	$2,830,224	$2,718,958	$6,782,199	$111,266
2022	$3,622,409	$2,535,671	$6,696,101	$1,086,738
2021	$3,043,973	$2,400,401	$4,344,709	$643,572
2020	$3,145,458	$2,602,714	$3,710,836	$542,744
2019	$2,864,167	$2,595,527	$3,170,111	$268,640
2018	$2,740,941	$2,500,807	$2,900,741	$240,134

HARMONY HOME ASSOCIATED