Ultimate Harmony 365

EIN: 992215990 501(c)(3)

Bethel, NC

Total Revenue
$2,165
Total Expenses
$1,665
Total Assets
$500
Net Assets
$500
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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
NC
Principal Officer
Velma L Worsley
Phone
2524124781
Tax Period
2024-01-01 to 2024-12-31

Ultimate Harmony 365, founded in 2024, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. The organization ran a surplus of $500, a strong 23% operating margin.

Mission

To provide Educational opportunities to upcoming Cosmetology and Barbers who are in the low to no income community. To help them learn how to maintain and excell in the Beauty Industry and not fail. To provide a free day of Beauty to the Elderly and Youth in need.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,165
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,665
TOTAL EXPENSES $1,665

Year-over-Year Comparison

2024 2023 Change
Revenue $2,165 N/A N/A
Expenses $1,665 N/A N/A
Net Income $500 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

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Governance

Voting Members
N/A
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Velma L Worsley Manager 0.00
Officer
$0 $0 $0
Monisha L Atkinson Tresurer 0.00
Officer
$0 $0 $0
Sonia Gatling Secretary 0.00
Officer
$0 $0 $0
Nelson R Worsley President 0.00
Officer
$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 $2,165 $1,665 $500 $500
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