INSPIRED HARMONY INC (EIN 831379607) - 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

KAROLINA WOJTECZKO

Phone

2034644337

Tax Period

2023-01-01 to 2023-12-31

INSPIRED HARMONY INC, founded in 2018, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $66K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 21% operating deficit.

Mission

PRESENTS SUPPORTS AND PROMOTES PERFORMING ARTS INITIATIVES

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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 $66,420

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $66,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,468

Other Expenses $80,670

TOTAL EXPENSES $80,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,420	$230,945	-0.7%
Expenses	$80,670	$162,795	-0.5%
Net Income	$-14,250	$68,150	-1.2%

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

N/A

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

$53,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAROLINA WOJTECZKO	PRESIDENT	15.00	Officer	$20,000	$0	$20,000
ALISON PRYCE	VICE PRESIDENT	15.00	Officer	$14,125	$0	$14,125
MAXFIELD HEATH	SECRETARY TREASURER	15.00	Officer	$19,000	$0	$19,000

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	$66,420	$80,670	$519,615	$-14,250
2022	$230,945	$162,795	$516,207	$68,150
2021	$100,729	$115,456	$420,392	$-14,727
2020	$163,475	$318,054	$447,428	$-154,579

INSPIRED HARMONY INC