THE HARRIS FOUNDATION

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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.

Program Service Accomplishments

Program 1

Expenses: $76,126

STEM CENTERS OF ACADEMIC EXCELLENCE ARE EDUCATIONAL INSTITUTIONS THAT HOST THE HARRIS FOUNDATION PROGRAMS THAT WILL ENHANCE THE ACADEMIC SUCCESS OF YOUTH IN SCIENCE, TECHNOLOGY, ENGINEERING, AND...

STEM CENTERS OF ACADEMIC EXCELLENCE ARE EDUCATIONAL INSTITUTIONS THAT HOST THE HARRIS FOUNDATION PROGRAMS THAT WILL ENHANCE THE ACADEMIC SUCCESS OF YOUTH IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS THROUGH INNOVATIVE STEM-BASED ACTIVITIES CONDUCTED IN A VARIETY OF LOCATIONS. THE CENTER OFFERS PROJECT-BASED INQUIRY LEARNING EXPERIENCES DESIGNED TO ENGAGE THE LEARNERS IN THE KNOWLEDGE, UNDERSTANDING, AND APPLICATION OF STEM CONCEPTS AND PRINCIPALS. THE STEM CENTERS OF ACADEMIC EXCELLENCE PROGRAM INCLUDES THE FOLLOWING: 1) GIRLS STEM ACADEMY - A PROGRAM DESIGNED TO ENGAGE GIRLS IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) EDUCATION DURING THE SUMMER, WHERE 39 ELEMENTARY STUDENTS AND 7 VOLUNTEERS FROM THE ALIEF INDEPENDENT SCHOOL DISTRICT PARTICIPATED. 2) STEM AFTER SCHOOL PROGRAM - A PROGRAM DESIGNED TO PROVIDE EDUCATIONAL OPPORTUNITIES IN SECONDARY SCHOOLS AFTER SCHOOL IN SCIENCE, TECHNOLOG, ENGINEERING, AND MATHEMATICS (STEM). 3 UTEACH VOLUNTEERS AND 38 MIDDLE SCHOOL STUDENTS PARTICIPATED IN THE PROGRAM.

Program 2

Expenses: $11,658

ROCK IT IS A CURRICULUM DESIGNED TO INTRODUCE MIDDLE SCHOOL STUDENTS TO FINANCIAL CONCEPTS SUCH AS BUDGETING, SAVING, AND INVESTING THROUGH INTERACTIVE LESSONS AND GAMING EXPERIENCES TO ESTABLISH A FOUNDATION IN FINANCIAL KNOWLEDGE AND DEVELOP MONEY MANAGEMENT SKILLS. PARENTS ARE PROVIDED FINANCIAL LITERATURE TO ENHANCE THEIR OWN UNDERSTANDING AND FINANCIAL LITERACY. OVER 240 STUDENTS IN THE HOUSTON AREA PARTICIPATED IN THE PROGRAM.

Program 3

Expenses: $11,424

THE BERNARD HARRIS SUMMER SCIENCE CAMP PROVIDES A SUMMER PROGRAM THAT ENABLES MIDDLE SCHOOL STUDENTS TO LEARN ABOUT SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH AND EXPEIRENCE COLLEGE LIFE AT THE SAME TIME. THE TWO-WEEK RESIDENTIAL SUMMER CAMP HELD AT TEN COLLEGES AND UNIVERSITY CAMPUSES REACHED 393 STUDENTS, REPRESENTATIVE OF 317 SCHOOL CAMPUSES. THE PROGRAM ALSO PROVIDES TOOLS FOR TEACHERS TO DELIVER MORE ENGAGING CLASSROOM ACTIVITIES. THE PROGRAM HAS SERVED MORE THAN 12,593 UNDERSERVED YOUTH OVER THE LAST DECADE. THE PROGRAM ENDED IN 2018 DUE TO THE LOSS OF THE PROGRAM'S PRIMARY DONOR'S FINANCIAL SUPPORT.

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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