PHOENIX, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
HARMONY PROJECT PHOENIX OFFERS A COMPREHENSIVE MUSIC EDUCATION PROGRAM TO UNDERPRIVILEGED CHILDREN, WHICH INCLUDES ACCESS TO INSTRUMENTS, WEEKLY INSTRUMENTAL MUSIC LESSONS, ORCHESTRA AND CHOIR...
HARMONY PROJECT PHOENIX OFFERS A COMPREHENSIVE MUSIC EDUCATION PROGRAM TO UNDERPRIVILEGED CHILDREN, WHICH INCLUDES ACCESS TO INSTRUMENTS, WEEKLY INSTRUMENTAL MUSIC LESSONS, ORCHESTRA AND CHOIR PROGRAMS, PERFORMANCE OPPORTUNITIES, FIELD TRIPS TO CLASSICAL MUSIC CONCERTS, AND VARIOUS SUPPORTIVE RESOURCES. THE PROGRAM IS PROVIDED FREE OF CHARGE TO STUDENTS, AND THE VAST MAJORITY OF PARENTS HAVE REPORTED SIGNIFICANT IMPROVEMENTS IN THEIR CHILDREN'S GRADES, BEHAVIOR, MOOD, AND HEALTH SINCE ENROLLING IN THE PROGRAM. ADDITIONALLY, THE HARMONY PROJECT PHOENIX PARTNERS WITH COMMUNITY COLLEGES TO ENCOURAGE COLLEGE ATTENDANCE AND OFFERS SCHOLARSHIPS FOR ITS GRADUATES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HARMONY PROJECT PHOENIX with other nonprofits in Arizona and across the country.