Harmony Project

🔒

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

2001

Legal Domicile

Principal Officer

Natalie Jackson

Tax Period

2023-07-01 to 2024-06-30

Harmony Project, founded in 2001, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

To promote the health growth & development of children through the study, practice, & performance of music-To build healthier communities by investing in the positive development of children through music-To develop children as musical ambassadors of peace, hope, & understanding.

Program Service Accomplishments

Program 1

Expenses: $4,688,593

The Harmony Project provides children from low-income families with a rigorous music education program, including instruments, weekly instrumental music lessons, orchestra and choir programs...

The Harmony Project provides children from low-income families with a rigorous music education program, including instruments, weekly instrumental music lessons, orchestra and choir programs, performance opportunities, field trips to classical music concerts, and a range of supporting resources. All services are provided at no cost to students. A vast majority of parents report improvements in their childrens grades, behavior, mood, and health since joining the program. College attendance is encouraged through a partnership with CA community colleges, and a scholarship program for its graduates. Other organizations also assist Harmony Project in its mission by donating space and facilities for music instruction and performance. The rental value of donated space was $242,000 for the fiscal year ended June 30, 2024.

🔒

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 $5,472,461

Program Service Revenue $454,150

Investment Income $52,585

Other Revenue $32,279

TOTAL REVENUE $6,011,475

Expense Breakdown

Grants Paid $157,513

Salaries & Benefits $3,215,277

Fundraising Expenses $795,026

Program Expenses $4,688,593

Other Expenses $2,804,702

TOTAL EXPENSES $6,177,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,011,475	$6,765,667	-0.1%
Expenses	$6,177,492	$5,771,478	+0.1%
Net Income	$-166,017	$994,189	-1.2%

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

520

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

$198,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Natalie Jackson	Executive Director	50.00	Officer	$198,075	$0	$198,075
Karen Kay Platt	Director	1.00	Director	$0	$0	$0
Susan Plutsky	Director	1.00	Director	$0	$0	$0
Donald M Kaplan	Director	1.00	Director	$0	$0	$0
Todd Nathanson	Director	1.00	Director	$0	$0	$0
Damon Porter	Director	1.00	Director	$0	$0	$0
Tim Siegel	Director	1.00	Director	$0	$0	$0
Jonah Garb	Director	1.00	Director	$0	$0	$0
Jenifer Porter	Director	1.00	Director	$0	$0	$0
Sandra Rosenbaum	Director	1.00	Director	$0	$0	$0
Janet Jubas	Director	1.00	Director	$0	$0	$0
Robert Forst	Director	1.00	Director	$0	$0	$0
Adam Bachenheimer	Director	1.00	Director	$0	$0	$0
Bryan Gortikov	Director	1.00	Director	$0	$0	$0
Jerome L Levine	Vice Chair	2.00	Officer	$0	$0	$0
Lisa K Edwards	Chairwoman of the Board	4.00	Officer	$0	$0	$0
Todd Brown	Co-Treasurer	4.00	Officer	$0	$0	$0
Leon Gendelman	Co-Treasurer	2.00	Officer	$0	$0	$0
Michael Skloff	Secretary	4.00	Officer	$0	$0	$0
Howard Banchik	Chairman Emeritus	2.00		$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	No data	No data	No data	No data
2024	$6,011,475	$6,177,492	$5,108,292	$-166,017
2023	$6,765,667	$5,771,478	$5,297,838	$994,189
2022	$7,004,676	$5,170,245	$4,431,011	$1,834,431
2021	$3,625,006	$3,725,949	$1,470,241	$-100,943
2020	$3,425,658	$4,584,637	$1,180,441	$-1,158,979
2019	$4,287,284	$4,817,709	$1,801,727	$-530,425
2018	$4,944,142	$4,245,676	$2,393,010	$698,466