HARMONY PROJECT PHOENIX (EIN 853131216) - 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

2020

Legal Domicile

Principal Officer

DIOGO PEREIRA

Phone

6235004257

Tax Period

2023-07-01 to 2024-06-30

HARMONY PROJECT PHOENIX, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $308K exceeded revenue, resulting in a 28% operating deficit.

Mission

HARMONY PROJECT HARNESSES THE TRANSFORMATIVE POWER OF MUSIC TO INCREASE ACCESS TO HIGHER EDUCATION FOR UNDERSERVED STUDENTS BY REMOVING SYSTEMIC BARRIERS TO ACHIEVEMENT THROUGH ACADEMIC AND SOCIAL SUPPORT.

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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 $168,275

Program Service Revenue $71,328

Investment Income $7

Other Revenue $0

TOTAL REVENUE $239,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,805

Fundraising Expenses $0

Program Expenses $260,638

Other Expenses $71,966

TOTAL EXPENSES $307,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,610	$320,409	-0.3%
Expenses	$307,771	$272,673	+0.1%
Net Income	$-68,161	$47,736	-2.4%

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

$90,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIOGO PEREIRA	SECRETARY/EX	40.00	Officer Director	$90,000	$0	$90,000
DAVID BERNSTEIN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROBERT CASILLAS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT L YOUNG JR	TREASURER	2.00	Officer Director	$0	$0	$0
CANDACE LAUCK	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
2025	No data	No data	No data	No data
2024	$239,610	$307,771	$47,814	$-68,161
2023	$320,409	$272,673	$112,831	$47,736
2022	$250,962	$226,186	$65,087	$24,776

HARMONY PROJECT PHOENIX