AMERICAN HARP FOUNDATION

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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

1993

Legal Domicile

Principal Officer

MS CARRIE KOURKOUMELIS

Phone

7816653835

Tax Period

2023-01-01 to 2023-12-31

AMERICAN HARP FOUNDATION, founded in 1993, is a micro nonprofit in the Education sector that reported $33K in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 26% operating margin.

Mission

THE PRIMARY PURPOSES OF THE AMERICAN HARP FOUNDATION ARE TO INSPIRE THE NEXT GENERATION OF HARPISTS THROUGH ADMINISTERING PROGRAMS AND FUNDRAISING ACTIVITIES FOCUSED ON THE HARP AS A MUSICAL INSTRUMENT AND PRESERVING THE ART, TECHNIQUES, AND SKILLS ASSOCIATED WITH THE INSTRUMENT AND PROVIDING ACCESS TO THOSE INTERESTED IN LEARNING TO PLAY THE HARP.

Program Service Accomplishments

Program 1

Expenses: $8,817 Revenue: $240

TO SUPPORT HARP EDUCATION AND PERFORMANCE THROUGH SCHOLARSHIPS, FINANCIAL AID AND OTHER AWARDS. THREE SCHOLARSHIPS WERE AWARDED IN 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,691

Program Service Revenue $240

Investment Income $19,388

Other Revenue $0

TOTAL REVENUE $33,319

Expense Breakdown

Grants Paid $3,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,817

Other Expenses $21,504

TOTAL EXPENSES $24,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,319	$17,242	+0.9%
Expenses	$24,604	$45,198	-0.5%
Net Income	$8,715	$-27,956	-1.3%

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

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
CARRIE KOURKOUMELIS	PRESIDENT	4.00	Officer Director	$0	$0	$0
KATHLEEN BRIDE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
HOLLY AVESIAN	SECRETARY	3.00	Officer Director	$0	$0	$0
PENNY HOWK BEAVERS	TREASURER	3.00	Officer Director	$0	$0	$0
FRANCES DUFFY	BOARD MEMBER	3.00	Director	$0	$0	$0
KRISTINA FINCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH HUNTLEY	BOARD MEMBER	3.00	Director	$0	$0	$0
PAULA PAGE	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$33,319	$24,604	$693,624	$8,715
2022	$17,242	$45,198	$631,389	$-27,956
2021	$15,707	$21,746	$791,720	$-6,039
2020	$15,772	$32,998	$759,405	$-17,226