HARMONY HOUSE INC (EIN 760393953) - 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

1993

Legal Domicile

Principal Officer

PRESTON WITT

Phone

7132238104

Tax Period

2023-10-01 to 2024-09-30

HARMONY HOUSE INC, founded in 1993, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE PERMANENT AND TRANSITIONAL HOUSING AND SERVICES TO THE HOMELESS.

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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 $6,939,898

Program Service Revenue $442,501

Investment Income $18,734

Other Revenue $1,015

TOTAL REVENUE $7,402,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,055,703

Fundraising Expenses $747

Program Expenses $6,926,637

Other Expenses $4,285,689

TOTAL EXPENSES $7,341,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,402,148	$6,444,463	+0.1%
Expenses	$7,341,392	$6,274,367	+0.2%
Net Income	$60,756	$170,096	-0.6%

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

$204,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE BERUBE	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
CHRISTINE SCOTT	CONSUMER REPRESENTATIVE, D	1.00	Director	$0	$0	$0
EVA ARCHER-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES LEIGHTON	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA REED	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE VANEK MD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ESPINOSA	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS BELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON BABBITT	TREASURER	1.00	Officer	$0	$0	$0
MARGARET POHODICH	CEO/SECRETARY	40.00	Officer	$198,325	$6,157	$204,482

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	$7,402,148	$7,341,392	$9,032,593	$60,756
2023	$6,444,463	$6,274,367	$8,839,499	$170,096
2022	$6,919,349	$5,866,004	$9,940,089	$1,053,345
2021	$4,533,772	$3,874,542	$6,531,706	$659,230
2020	$3,898,824	$3,783,169	$1,648,681	$115,655
2019	$3,994,620	$3,650,723	$1,361,544	$343,897
2018	$3,795,265	$3,571,815	$957,024	$223,450

HARMONY HOUSE INC