HARMONY ACADEMY (EIN 831791415) - 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

2019

Legal Domicile

Principal Officer

JOHN S WOOLLEY

Tax Period

2023-07-01 to 2024-06-30

HARMONY ACADEMY, founded in 2019, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE A SAFE, SOBER AND SUPPORTIVE EDUCATION FOR YOUTH IN RECOVERY, WHERE THEY CAN DEVELOP THE SKILLS AND STRENGTHS FOR PERSONAL, ACADEMIC, VOCATIONAL AND COMMUNITY SUCCESS.

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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 $1,657,043

Program Service Revenue $0

Investment Income $0

Other Revenue $47,183

TOTAL REVENUE $1,704,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,223,227

Fundraising Expenses $0

Program Expenses $342,796

Other Expenses $566,712

TOTAL EXPENSES $1,789,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,704,226	$2,969,496	-0.4%
Expenses	$1,789,939	$1,657,279	+0.1%
Net Income	$-85,713	$1,312,217	-1.1%

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

Total Directors

Key Employees

$137,813

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON D MARTIN	PRINCIPAL	40.00	Key Emp	$105,859	$31,954	$137,813
HEIDI WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON MORTIMER	DIRECTOR	1.00	Director	$0	$0	$0
ISSAC SALAZAR	DIRECTOR	0.50	Director	$0	$0	$0
ANN HIGHET	DIRECTOR	1.00	Director	$0	$0	$0
JOHN S WOOLLEY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TONY S MANN	TREASURER	1.00	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	No data	No data	No data	No data
2024	$1,704,226	$1,789,939	$1,361,264	$-85,713
2023	$2,969,496	$1,657,279	$1,413,133	$1,312,217
2022	$834,271	$901,213	$50,451	$-66,942
2021	$761,231	$668,161	$179,894	$93,070
2020	$759,505	$676,009	$84,148	$83,496

HARMONY ACADEMY