Harmonia Collaborative Care Inc
Harmonia Collaborative Care Inc consistently operates near break-even with no reported officer compensation.
EIN: 161013562 · Derby, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $3.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Harmonia Collaborative Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harmonia Collaborative Care Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harmonia Collaborative Care Inc
Harmonia Collaborative Care Inc (EIN: 161013562) is a nonprofit organization based in Derby, NY. The organization reported total revenue of $2.8M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harmonia Collaborative Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harmonia Collaborative Care Inc is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-283,126 |
| Total Assets | $1.5M |
| Total Liabilities | $414K |
| Net Assets | $1.1M |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 26.9% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2023, Harmonia Collaborative Care Inc reported a deficit of $283K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 26.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harmonia Collaborative Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +20.2% | -10.6% |
| 2022 | -3.6% | -2.7% | -1.9% |
| 2021 | +8.9% | +34.8% | -6.3% |
| 2020 | +32.3% | +10.1% | +41.7% |
| 2019 | +9.3% | +11.4% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harmonia Collaborative Care Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Harmonia Collaborative Care Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $283K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that all funds are directed towards operational and programmatic activities, which is commendable for an organization of its size with over $3 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Harmonia Collaborative Care Inc's IRS 990 filings:
- Consistent slight operating deficits in recent years (e.g., $283,126 in 202312 and $10,367 in 202212) could indicate a need for closer monitoring of expense management or revenue generation strategies to ensure long-term sustainability.
Strengths
The following positive indicators were identified for Harmonia Collaborative Care Inc:
- 0% officer compensation reported across all filings, indicating strong commitment to mission and efficient use of funds.
- Consistent revenue growth over the past decade, demonstrating increasing capacity and reach.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($1,539,548 vs. $414,130 in 202312).
- Long history of consistent IRS 990 filings (13 filings), indicating good transparency and compliance.
Frequently Asked Questions about Harmonia Collaborative Care Inc
Is Harmonia Collaborative Care Inc a legitimate charity?
Harmonia Collaborative Care Inc (EIN: 161013562) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Harmonia Collaborative Care Inc spend its money?
Harmonia Collaborative Care Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harmonia Collaborative Care Inc tax-deductible?
Harmonia Collaborative Care Inc is registered as a tax-exempt nonprofit (EIN: 161013562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harmonia Collaborative Care Inc CEO make?
Harmonia Collaborative Care Inc's highest-compensated officer earns $3 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harmonia Collaborative Care Inc's spending goes to programs?
Harmonia Collaborative Care Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Harmonia Collaborative Care Inc located?
Harmonia Collaborative Care Inc is headquartered in Derby, New York and files with the IRS under EIN 161013562.
How many years of IRS 990 filings does Harmonia Collaborative Care Inc have?
Harmonia Collaborative Care Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Is Harmonia Collaborative Care Inc a good charity?
Based on the available financial data, Harmonia Collaborative Care Inc appears to be a well-managed organization with a strong commitment to its mission, evidenced by 0% officer compensation and consistent financial reporting. However, a detailed breakdown of program vs. administrative expenses would provide a more complete picture of spending efficiency.
How has Harmonia Collaborative Care Inc's financial health changed over time?
The organization has experienced significant growth in revenue, from $860,257 in 2014 to $3,178,875 in 2023. While expenses have generally kept pace with revenue, leading to near break-even or slight deficits in recent years, the overall asset base has grown, indicating a stable, albeit tightly managed, financial trajectory.
What is the trend in Harmonia Collaborative Care Inc's net assets?
Net assets (Assets minus Liabilities) have generally increased over the decade, from $480,162 in 2014 to $1,125,418 in 2023, indicating a positive trend in the organization's financial reserves and capacity.
Filing History
IRS 990 filing history for Harmonia Collaborative Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harmonia Collaborative Care Inc's revenue has grown by 303.7%, moving from $787K to $3.2M. Total assets increased by 155% over the same period, from $604K to $1.5M. Total functional expenses rose by 350.1%, from $769K to $3.5M. In its most recent filing year (2023), Harmonia Collaborative Care Inc reported a deficit of $283K, with expenses exceeding revenue. The organization holds $414K in liabilities against $1.5M in assets (debt-to-asset ratio: 26.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.5M | $1.5M | $414K | — | View 990 |
| 2022 | $2.9M | $2.9M | $1.7M | $336K | — | — |
| 2021 | $3.0M | $3.0M | $1.8M | $315K | — | View 990 |
| 2020 | $2.7M | $2.2M | $1.9M | $487K | — | View 990 |
| 2019 | $2.1M | $2.0M | $1.3M | $485K | — | View 990 |
| 2018 | $1.9M | $1.8M | $1.3M | $534K | — | View 990 |
| 2017 | $1.2M | $1.2M | $953K | $309K | — | — |
| 2016 | $1.1M | $1.0M | $831K | $238K | — | View 990 |
| 2015 | $939K | $910K | $710K | $199K | — | View 990 |
| 2014 | $860K | $854K | $715K | $235K | — | View 990 |
| 2013 | $809K | $844K | $683K | $198K | — | View 990 |
| 2012 | $811K | $824K | $666K | $177K | — | View 990 |
| 2011 | $787K | $769K | $604K | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.5M, and assets of $1.5M (revenue +10.8% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $1.7M (revenue -3.6% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.0M, and assets of $1.8M (revenue +8.9% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.2M, and assets of $1.9M (revenue +32.3% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $1.3M (revenue +9.3% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $1.3M (revenue +51.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $953K (revenue +14.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $831K (revenue +15.7% year-over-year).
- 2015: Revenue of $939K, expenses of $910K, and assets of $710K (revenue +9.2% year-over-year).
- 2014: Revenue of $860K, expenses of $854K, and assets of $715K (revenue +6.3% year-over-year).
- 2013: Revenue of $809K, expenses of $844K, and assets of $683K (revenue -0.3% year-over-year).
- 2012: Revenue of $811K, expenses of $824K, and assets of $666K (revenue +3.0% year-over-year).
- 2011: Revenue of $787K, expenses of $769K, and assets of $604K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harmonia Collaborative Care Inc:
Data Sources and Methodology
This transparency report for Harmonia Collaborative Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.