HARMERS TOWN ART CENTER INC (EIN 861939919) - 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

2021

Principal Officer

KAREN HEPPEN

Phone

2012641595

Tax Period

2024-07-01 to 2025-06-30

HARMERS TOWN ART CENTER INC, founded in 2021, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 86% operating margin.

Mission

TO CONDUCT EDUCATIONAL PROGRAMS AND ENCOURAGE SUPPORT OF THE ARTS AND KNOWLEDGE OF THE HISTORY OF HISTORIC HAVRE DE GRACE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,517,056

Program Service Revenue $0

Investment Income $5,273

Other Revenue $7,272

TOTAL REVENUE $1,529,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,897

Other Expenses $208,937

TOTAL EXPENSES $208,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,529,601	$530,843	+1.9%
Expenses	$208,937	$190,101	+0.1%
Net Income	$1,320,664	$340,742	+2.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY GETZ	DIRECTOR	8.00	Director	$0	$0	$0
BRIAN GOODMAN	SECRETARY- F	8.00	Director	$0	$0	$0
KAREN HEPPEN	TREASURER	8.00	Director	$0	$0	$0
EILEEN REHRMANN	DIRECTOR	4.00	Director	$0	$0	$0
BRAD RUPRECHT	DIRECTOR	4.00	Director	$0	$0	$0
CHARLES STATHES	DIRECTOR	4.00	Director	$0	$0	$0
ALLEN FAIR	PRESIDENT	8.00	Officer	$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	$1,529,601	$208,937	$2,671,279	$1,320,664
2024	$530,843	$190,101	$1,350,513	$340,742
2023	$566,034	$73,445	$1,013,404	$492,589
2022	$281,541	$38,006	$245,276	$243,535

HARMERS TOWN ART CENTER INC