Hands in Harmony Inc (EIN 822280925) - 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

2017

Legal Domicile

Principal Officer

NICOLE O'MALLEY

Phone

4017834810

Tax Period

2024-01-01 to 2024-12-31

Hands in Harmony Inc, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $678K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $588K left a modest 13% surplus.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,584

Program Service Revenue $669,779

Investment Income $4,209

Other Revenue $0

TOTAL REVENUE $677,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $506,115

Fundraising Expenses $0

Program Expenses $588,322

Other Expenses $82,207

TOTAL EXPENSES $588,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,572	$605,197	+0.1%
Expenses	$588,322	$503,878	+0.2%
Net Income	$89,250	$101,319	-0.1%

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

$76,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE O'MALLEY	EXECUTIVE DIRECTOR	40.00	Officer	$76,540	$0	$76,540
LISA AHART	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD BOUCHER	TREASURER	5.00	Director	$0	$0	$0
ROBERT PANOFF	DIRECTOR	2.00	Director	$0	$0	$0
ALYSON POWELL	SECRETARY	2.00	Director	$0	$0	$0
N/A	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
2024	$677,572	$588,322	$341,409	$89,250
2023	$605,197	$503,878	$245,894	$101,319
2022	$404,463	$397,514	$145,978	$6,949
2021	$404,241	$401,250	$144,842	$2,991
2020	$409,226	$348,366	$135,446	$60,860
2019	$387,295	$322,101	$89,165	$65,194

Hands in Harmony Inc