Harmony Family Center Inc
Nonprofit profile at a glance
- EIN
- 621772291
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Knoxville, TN, USA
- Phone
- 8659825225
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adoption
Reported finances
- Revenue
- $7,498,726
- Expenses
- $7,425,261
- Assets
- $2,437,445
- Liabilities
- $1,566,639
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- NICOLE CONING (CEO)
Highest reported compensation
- NICOLE CONING (CEO): $139,783 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To arrange for the placement of orphan children living in the us and foreign countries with adoptive parents and to provide counseling and support.
What it reported doing in 2024
Harmony family center provides support to children and their guardians thorugh an array of services including assistance with adoptions, foster care recruitment and training, home studies and other assessments, counseling and therapeutic services, and professional and community development and education.
Operating model
- Revenue model
- Grant-funded. 92% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 31
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.1%; rating input score 91
- Program expense ratio: 92%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: -2.2% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: -1.3% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 91.1% of revenue deployed · 92% of spending went to programs
- Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $6.8M in reported program spending
- Leadership: top reported pay $140K · 11 people listed
- Consistency: 35 of 35 current checks pass
- Schedules: 4 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.