Harmony Christian Academy (EIN 853558860) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Harmony Christian Academy, founded in 2021, is a small nonprofit in the Education sector that reported $457K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $510K exceeded revenue, resulting in a 12% operating deficit.

Mission

Provide a religious & educational foundation

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,008

Program Service Revenue $448,840

Investment Income $0

Other Revenue $0

TOTAL REVENUE $456,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $314,092

Fundraising Expenses $0

Program Expenses $355,594

Other Expenses $196,344

TOTAL EXPENSES $510,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$456,848	$267,611	+0.7%
Expenses	$510,436	$279,010	+0.8%
Net Income	$-53,588	$-11,399	+3.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$135,164

Total Directors

$135,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aimee Arce	Director	40.00	Officer Director	$53,269	$0	$53,269
Sheila M Varela	Trustee	40.00	Officer Director	$48,270	$0	$48,270
Abigail Vargas	Trustee	40.00	Officer Director	$33,625	$0	$33,625

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	$456,848	$510,436	$2,430	$-53,588
2022	$267,611	$279,010	$14,914	$-11,399

Harmony Christian Academy