HARMONIOUS HEARTS INC (EIN 881528515) - 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

Principal Officer

MEYER TAUBER

Phone

3473040619

Tax Period

2024-01-01 to 2024-12-31

HARMONIOUS HEARTS INC, founded in 2022, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $69K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $78K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO NEEDY INDIVIDUALS AS WELL AS OTHER CHARITABLE, EDUCATIONAL AND NOT-FOR-PROFIT ORGANIZATIONS; TO PROVIDE FINANCIAL ASSISTANCE AND SCHOLARSHIPS TO STUDENTS FOR TUITION AND EXTRA-CURRICULAR PROGRAMS; TO PROVIDE PROGRAMS TO HELP TEENS AT RISK; TO SPREAD AWARENESS OF MENTAL HEALTH CHALLENGES; TO PROVIDE FINANCIAL ASSISTANCE AND REFERRALS TO INDICIDUALS IN NEED OF DRUG REHAB AND OTHER EDUCATIONAL PROGRAMS.

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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 $68,830

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,830

Expense Breakdown

Grants Paid $74,934

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,934

Other Expenses $2,642

TOTAL EXPENSES $77,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,830	$144,193	-0.5%
Expenses	$77,576	$139,354	-0.4%
Net Income	$-8,746	$4,839	-2.8%

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

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
SARAH FRIEDMAN	SECRETARY	7.00	Officer Director	$0	$0	$0
YOSEF GRUNWALD	TREASURER	5.00	Officer Director	$0	$0	$0
MEYER TAUBER	PRESIDENT	12.00	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
2024	$68,830	$77,576	$32	$-8,746
2023	$144,193	$139,354	$17,077	$4,839
2023	$29,008	$32,108	$21,611	$-3,100
2022	$68,071	$64,132	$3,939	$3,939

HARMONIOUS HEARTS INC