HARVEY FOUNDATION INC (EIN 812620108) - 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

2015

Legal Domicile

Principal Officer

ADRIENE LOMBARDI

Tax Period

2023-01-01 to 2023-12-31

HARVEY FOUNDATION INC, founded in 2015, is a small nonprofit in the Education sector that reported $183K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $66K, a strong 36% operating margin.

Mission

To award scholarships in memory of Robin Harvey to qualified students who plan to continue post secondary education after graduation and to help families in need in Nantucket, MA.

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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 $71,071

Program Service Revenue $0

Investment Income $9,318

Other Revenue $103,078

TOTAL REVENUE $183,467

Expense Breakdown

Grants Paid $90,248

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,556

Other Expenses $27,308

TOTAL EXPENSES $117,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,467	$197,671	-0.1%
Expenses	$117,556	$94,770	+0.2%
Net Income	$65,911	$102,901	-0.4%

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

Employees

N/A

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
MARK LUCAS	DIRECTOR	Director	$0	$0	$0
JEAN MARIE GRASING	DIRECTOR	Director	$0	$0	$0
LIZ ALMODOBAR	DIRECTOR	Director	$0	$0	$0
EDWARD SANFORD	DIRECTOR	Director	$0	$0	$0
KELSEY PERKINS	DIRECTOR	Director	$0	$0	$0
JOCELYN BENI	DIRECTOR	Director	$0	$0	$0
JAMIE FOSTER	DIRECTOR	Director	$0	$0	$0
ELIZABETH REINEMO	SECRETARY	Officer Director	$0	$0	$0
MELANIE SABIN	TREASURER	Officer Director	$0	$0	$0
TRAVIS LOMBARDI	VICE PRESIDENT	Officer Director	$0	$0	$0
ADRIENE LOMBARDI	PRESIDENT	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	No data	No data	No data	No data
2023	$183,467	$117,556	$422,591	$65,911
2022	$197,671	$94,770	$350,526	$102,901

HARVEY FOUNDATION INC