HARM REDUCTION INSTITUTE (EIN 881147983) - 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

2022

Legal Domicile

Principal Officer

CAROL NEWARK

Phone

7243443884

Tax Period

2024-07-01 to 2025-06-30

HARM REDUCTION INSTITUTE, founded in 2022, is a small nonprofit in the Mental Health sector that reported $269K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $377K exceeded revenue, resulting in a 40% operating deficit.

Mission

HRI'S MISSION IS TO PREVENT THE SPREAD OF INFECTIOUS DISEASES, SUCH AS HIV AND HEPATITIS C, AND TO PREVENT OVERDOSE DEATHS IN OUR COMMUNITY. WE DO THIS THROUGH THE PROVISION OF LIFESAVING OVERDOSE PREVENTION RESPONSE AND INFECTIOUS DISEASE PREVENTION SUPPLIES AND SERVICES.

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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 $269,430

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,764

Fundraising Expenses $0

Program Expenses $342,817

Other Expenses $226,356

TOTAL EXPENSES $377,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,430	$611,350	-0.6%
Expenses	$377,120	$573,026	-0.3%
Net Income	$-107,690	$38,324	-3.8%

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

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

$46,716

Total Directors

$46,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL NEWARK	EXECUTIVE DIRECTOR	5	Officer Director	$46,716	$0	$46,716
MAHAN NAEIM	CHAIR	5	Officer Director	$0	$0	$0
HADEN OLIPHANT	VICE-CHAIR	5	Officer Director	$0	$0	$0
TIMOTHY MCMULLEN	TREASURER	5	Officer 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	$269,430	$377,120	$113,040	$-107,690
2024	$611,350	$573,026	$220,730	$38,324
2023	$701,366	$518,959	$182,406	$182,407

HARM REDUCTION INSTITUTE