Harmony Protection Group
- Assets
- $11.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cabot, PA
- Founding
- Data as of
- 06/2022
- EIN
- 85-2377219
Organization Overview
Harmony Protection Group is located in Cabot, PA. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harmony Protection Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Harmony Protection Group generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (60.4%) each year. All expenses for the organization totaled $496.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HARMONY PROTECTION GROUP'S CHARITABLE PURPOSE IS TO PROVIDE INSURANCE COVERAGE TO AFFILIATE 501(C)(3) ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARMONY PROTECTION GROUP'S EXISTS SOLELY TO SUPPORT THE OPERATIONS OF CONCORDIA LUTHERAN MINISTRIES (CLM) (EIN 20-5138278) AND ITS 501(C)(3) AFFILIATES. CLM AND ITS AFFILIATES PROVIDE CARE TO PRIMARILY SENIORS SUCH AS SKILLED NURSING, REHAB, PERSONAL CARE, ASSISTED LIVING, MEMORY SUPPORT, INDEPENDENT LIVING, PHYSICIAN SERVICES, HOME CARE, HOME HEALTH CARE, HOSPICE, ADULT DAY SERVICES, DURABLE MEDICAL EQUIPMENT, AND PHARMACY. EACH AFFILIATE SUPPORTED BY THE ORGANIZATION IS LISTED IN THE ARTICLES OF INCORPORATION. ON AN ANNUAL BASIS, CLM AND ITS AFFILIATES SERVE BETWEEN 35,000 AND 40,000 PEOPLE. HARMONY PROTECTION GROUP HELPS SUPPORT THIS MINISTRY BY PROVIDING AFFORDABLE INSURANCE SERVICES TO CLM AND ITS AFFILIATES. BY PROVIDING LOW COST INSURANCE COVERAGE, THE ENTITY ALLOWS CLM AND ITS AFFILIATES TO PASS ON THE SAVINGS BY OFFERING ITS RESIDENTS AND PATIENTS COMPASSIONATE SERVICES WHILE CHARGING FEES LOWER THAN THE SURROUNDING MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Frndak-See Schedule O Ceo/chairman | OfficerTrustee | 1 | $0 |
Brian Hortert-See Schedule O Board Member | Trustee | 1 | $0 |
Paul Brand-See Schedule O Secretary | OfficerTrustee | 1 | $0 |
Michael Falbo-See Schedule O Cfo/treasurer | OfficerTrustee | 1 | $0 |
Cristen Fiffik-See Schedule O Board Member | Trustee | 1 | $0 |
Tammy Young-See Schedule O Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $383,511 |
| Investment income | $7,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $994,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,567,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,474 |
| Fees for services: Other | $285,636 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $152,499 |
| All other expenses | $9,962 |
| Total functional expenses | $496,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,208,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,980 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $110,506 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,071,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,727,039 |
| Accounts payable and accrued expenses | $1,634,058 |
| Grants payable | $0 |
| Deferred revenue | $40,246 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,674,304 |
| Net assets without donor restrictions | $10,052,735 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,727,039 |