HARMONY FOUNDATION INC (EIN 840594732) - 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

1978

Legal Domicile

Principal Officer

SHANE HUDSON

Phone

9705864491

Tax Period

2023-07-01 to 2024-06-30

HARMONY FOUNDATION INC, founded in 1978, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $10.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE THE FOUNDATION FOR SUSTAINED RECOVERY FROM THE DISEASE OF DRUG AND ALCOHOL ADDICTION.

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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 $337,462

Program Service Revenue $9,126,521

Investment Income $-14,734

Other Revenue $-20,113

TOTAL REVENUE $9,429,136

Expense Breakdown

Grants Paid $228,676

Salaries & Benefits $6,501,940

Fundraising Expenses $310,321

Program Expenses $8,386,390

Other Expenses $3,761,756

TOTAL EXPENSES $10,492,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,429,136	$12,683,712	-0.3%
Expenses	$10,492,372	$11,373,286	-0.1%
Net Income	$-1,063,236	$1,310,426	-1.8%

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

130

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WILLIAMS	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
PAUL WHITTLE	CHAIRMAN	5.00	Director	$0	$0	$0
ALAN LITNER	SECRETARY	1.00	Director	$0	$0	$0
PRICE MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
DONALD MACPHERSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH DEAN	DIRECTOR	2.00	Director	$0	$0	$0
CAREN FURBEYRE	TREASURER	1.00	Director	$0	$0	$0
ERICA MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
LISA REICH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROUNTREE	FORMER SENIOR MEDICAL DIRECTOR	40.00		$198,861	$0	$198,861

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	$9,429,136	$10,492,372	$9,267,563	$-1,063,236
2023	$12,683,712	$11,373,286	$10,019,027	$1,310,426
2022	$9,726,003	$10,881,355	$8,484,321	$-1,155,352
2021	$10,052,236	$10,419,202	$9,943,119	$-366,966
2020	$11,436,281	$10,367,111	$10,456,666	$1,069,170
2019	$11,139,319	$11,278,266	$9,702,432	$-138,947

HARMONY FOUNDATION INC