HARPER HOUSE MUSIC FOUNDATION INC (EIN 991693511) - 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

2024

Legal Domicile

Principal Officer

STEPHEN SULLENS

Phone

9179927548

Tax Period

2024-03-04 to 2024-12-31

HARPER HOUSE MUSIC FOUNDATION INC, founded in 2024, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.6M in total revenue in fiscal year 2024. The organization ran a surplus of $20.0M, a strong 97% operating margin.

Mission

ROOTED IN THE BELIEF THAT MUSIC IS A VITAL AND UNIVERSAL SOURCE OF CONNECTION, JOY, AND MEANING, HARPER HOUSE MUSIC FOUNDATION SEEKS TO BE AN AGENT OF CHANGE BY FACILITATING EFFORTS THAT HELP ARTISTS SHARE THEIR WORK, LEAD STABLE AND HEALTHY LIVES, AND PRESERVE THEIR UNIQUE LEGACIES.

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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 $20,600,438

Program Service Revenue $0

Investment Income $5,074

Other Revenue $0

TOTAL REVENUE $20,605,512

Expense Breakdown

Grants Paid $356,750

Salaries & Benefits $48,000

Fundraising Expenses $0

Program Expenses $421,023

Other Expenses $162,042

TOTAL EXPENSES $566,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,605,512	N/A	N/A
Expenses	$566,792	N/A	N/A
Net Income	$20,038,720	N/A	N/A

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

$48,000

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN SULLENS	FOUNDER, PRESIDENT, DIRECTOR	25.00	Officer Director	$0	$0	$0
MICHELE AUGIS	MANAGING DIRECTOR	25.00	Officer Director	$48,000	$0	$48,000
BRIAN APPLEGATE	DIRECTOR	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	$20,605,512	$566,792	$20,064,434	$20,038,720

HARPER HOUSE MUSIC FOUNDATION INC