Harmony Family Services of Washington (EIN 824222064) - 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

2018

Legal Domicile

Principal Officer

Stephanie Nairis

Tax Period

2023-01-01 to 2023-12-31

Harmony Family Services of Washington, founded in 2018, is a small nonprofit in the Human Services sector that reported $681K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $606K left a modest 11% surplus.

Mission

To assist in the reunifaction process between children and families. To have a positive impact and promote positive interaction between children in care, bio families, the Department of Youth and Families and foster families. To be professional and sensitive to the situation and

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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 $31,560

Program Service Revenue $649,580

Investment Income $0

Other Revenue $0

TOTAL REVENUE $681,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $485,591

Fundraising Expenses $0

Program Expenses $567,504

Other Expenses $119,997

TOTAL EXPENSES $605,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$681,140	$450,251	+0.5%
Expenses	$605,588	$501,839	+0.2%
Net Income	$75,552	$-51,588	-2.5%

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Gwen Bumala	Trustee	Director	$60,000	$0	$60,000
Stephanie Nairis	Trustee	Officer	$60,000	$0	$60,000
Marcy Harness	Trustee	Director	$0	$0	$0
Martin Nairis	Trustee	Director	$0	$0	$0
Luke Bumala	Trustee	Director	$0	$0	$0
Ryan Stevens	President Elect Secretary	Officer	$0	$0	$0
Sara Copes	President	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$681,140	$605,588	$210,732	$75,552
2023	$704,890	$605,588	$210,732	$99,302
2022	$450,251	$501,839	$122,349	$-51,588
2021	$568,382	$480,505	$170,239	$87,877
2020	$467,214	$412,361	$86,838	$54,853
2019	$400,957	$391,348	$29,835	$9,609

Harmony Family Services of Washington