HARMONY PROJECT HUDSON INC

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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

2017

Legal Domicile

Principal Officer

JOSHUA ARONSON

Phone

2126964600

Tax Period

2025-01-01 to 2025-12-31

HARMONY PROJECT HUDSON INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $185K in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

HP HUDSON IS A NON-PROFIT MUSIC PROGRAM AIMED AT HELPING UNDER-SERVED YOUTH BECOME HEALTHIER & MORE POSITIVE PEOPLE & CITIZENS THROUGH THE POWER OF MUSIC.

Program Service Accomplishments

Program 1

Expenses: $201,107

ACCOUNTING FEES 15000BANK FEES 1350CLASSROOM SUPPLIES 4702CONSULTING FEES 14500DUES AND SUBSCRIPTIONS 420ENTERTAINMENT 295INSURANCE 2127LOCAL TRAVEL 190PAYROLL 159807WEBSITE 1181NYS TAXES 125OFFICE...

Program 2

N/A

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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 (2025)

Revenue Breakdown

Contributions & Grants $173,981

Program Service Revenue $0

Investment Income $10,941

Other Revenue $0

TOTAL REVENUE $184,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,107

Other Expenses $201,107

TOTAL EXPENSES $201,107

Year-over-Year Comparison

	2025	2024	Change
Revenue	$184,922	$235,333	-0.2%
Expenses	$201,107	$192,015	+0.0%
Net Income	$-16,185	$43,318	-1.4%

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

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
JOSHUA ARONSON	PRESIDENT	10.00	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
2025	$184,922	$201,107	$320,998	$-16,185
2024	$235,333	$192,015	$337,182	$43,318
2023	$187,377	$172,313	$293,864	$15,064
2022	$222,253	$156,428	$278,800	$65,825
2021	$145,763	$141,232	$212,975	$4,531
2020	$183,709	$108,413	$208,444	$75,296
2019	$172,623	$122,717	$133,413	$49,906
2018	$140,162	$96,386	$83,937	$43,776