THE HARRIS FOUNDATION (EIN 760589358) - 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

1998

Legal Domicile

Principal Officer

BERNARD A HARRIS JR

Phone

7138771731

Tax Period

2018-01-01 to 2018-12-31

THE HARRIS FOUNDATION, founded in 1998, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $47K in total revenue in fiscal year 2018. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $132K exceeded revenue, resulting in a 180% operating deficit.

Mission

THE HARRIS FOUNDATION SUPPORTS PROGRAMS THAT EMPOWER INDIVIDUALS, IN PARTICULAR MINORITIES AND OTHERS WHO ARE ECONOMICALLY AND/OR SOCIALLY DISADVANTAGED, TO RECOGNIZE THEIR POTENTIAL AND PURSUE THEIR DREAMS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $54,812

Program Service Revenue $0

Investment Income $-7,669

Other Revenue $0

TOTAL REVENUE $47,143

Expense Breakdown

Grants Paid $78,428

Salaries & Benefits $27,217

Fundraising Expenses $0

Program Expenses $107,887

Other Expenses $26,523

TOTAL EXPENSES $132,168

Year-over-Year Comparison

	2018	2017	Change
Revenue	$47,143	$771,084	-0.9%
Expenses	$132,168	$803,930	-0.8%
Net Income	$-85,025	$-32,846	+1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD A HARRIS JR	PRESIDENT/DI	30.00	Officer Director	$0	$0	$0
PAMELA JONES	EXECUTIVE DI	40.00	Officer	$0	$0	$0
SUSAN K SCLAFANI	VP/DIRECTOR	2.00	Officer Director	$0	$0	$0
DENNIS HARRIS SR	DIRECTOR	2.00	Director	$0	$0	$0
GILLETTE HERRINGTON	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP SPARK	DIRECTOR	2.00	Director	$0	$0	$0
JIM MONROE	DIRECTOR	2.00	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
2018	$47,143	$132,168	$47,261	$-85,025

THE HARRIS FOUNDATION