Shared Harvest Foundation Inc

Nonprofit profile at a glance

EIN
320556686
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2019
Location
Pasadena, CA, USA
Phone
6263299889
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$298,640
Expenses
$380,688
Assets
$1,782
Liabilities
$55,325

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • DR NANA AFOH-MANIN (PRESIDENT)

Highest reported compensation

  • DR NANA AFOH-MANIN (PRESIDENT): $94,635 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Shared harvest foundation is a community-based culturally responsive volunteer first responders with a mission to safely connect residents to resources in real time, by real people. Our aim is to reach people that are displaced due to crisis. Our activities include (1) nonprofit capacity building (2) care management network, (3) healthcare workforce wellbeing and financial resilience and (3) equity in health and public interest technologies. We support our pipeline by promoting the financial health and mental wellbeing of those frontline volunteers who are taking care of others in the midst of disasters & humanitarian crisis through our student loan relief program.

What it reported doing in 2024

Student loan debt relief (sldr) & financial wellness programalthough health experts stress the importance of health equity and increasing the number of bipoc healthcare workers, nearly one in five physicians of racially ethnically marginalized backgrounds report an increase in experiences of being treated with less dignity and respect by their patients due to their race since the onset of covid-19 (18.1%). This is further exacerbated by the burden of six figures of medical education and student debt that many bipoc health professionals carry. According to the education data initiative, 40% of black graduates have student loan debt from graduate school compared to 22% of white graduates. Additionally, four years after graduation, 48% of black students owe, on average, 12.5% more than they borrowed, while 83% of white students owe 12% less than they borrowed. These debt inequities lead to excessive financial burdens, delayed professional advancement, and high rates of depression/anxiety. The aim of our financial wellness and sldr program is to address these inequities by offering loan relief opportunities, partnering with financial institutions to provide financial education tools, resources and engage in advocacy work with the financial health network and its partner organizations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.4%; rating input score 89
  • Program expense ratio: 70.2%; rating input score 70
  • Fundraising efficiency: $58.93 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -27.5%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 31.05; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 24.9%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -53.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -64.7% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -140.4% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 89.4% of revenue deployed · 70.2% of spending went to programs
  • Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $267K in reported program spending
  • Leadership: top reported pay $95K · 5 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • 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 — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.