Harmony Foundation Inc

Nonprofit profile at a glance

EIN
840594732
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Location
Estes Park, CO, USA
Phone
9705864491
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$9,429,136
Expenses
$10,492,372
Assets
$9,267,563
Liabilities
$4,789,796

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

10 people listed

Highest reported compensation

  • MICHAEL ROUNTREE (FORMER SENIOR MEDICAL DIRECTOR): $198,861 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide the foundation for sustained recovery from the disease of drug and alcohol addiction.

What it reported doing in 2023

Addiction treatment: harmony foundation's primary program provides quality, yet affordable, treatment for addiction. Accredited by carf (commission on accreditation of rehabilitation facilities), harmony foundation is licensed by the state of Colorado as a residential treatment center and medical detoxification facility. Our comprehensive program is designed to treat the medical, physical, emotional, spiritual, and psychosocial aspects of the disease of addiction.see schedule o for continuation.harmony foundation provides medically-assisted detoxification involving 24-hour medical monitoring, observation, and support. All clients admitted to harmony foundation are first admitted to detoxification for assessment of needs and symptoms of withdrawal. Most clients transition into residential treatment as soon as their symptoms are stable enough for them to participate in programming. Clients requesting detoxification only are provided with information about their condition as well as referrals for ongoing care as needed. We believe our residential program offers a strong foundation for long-term recovery. With guided help and through a process of on-going change, our clients find their way back to the responsible, productive, and caring individuals they know themselves to be.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 97% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.8%; rating input score 89
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: $1.09 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: -11.3%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.88; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 24th percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 88.8% of revenue deployed · 79.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $8.4M in reported program spending
  • Leadership: top reported pay $199K · 10 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 3/100.
  • High — Sustainability: Operating margin scored 13/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.