HARVARD CLUB OF BOSTON

EIN: 041423320

BOSTON, MA

Total Revenue
$12,319,619
Total Expenses
$12,610,917
Total Assets
$32,259,594
Net Assets
$14,595,797
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
MA
Principal Officer
MARCUS DEFLORIMONTE
Phone
6175361260
Tax Period
2024-09-01 to 2025-08-31

HARVARD CLUB OF BOSTON, founded in 1908, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2024.

Mission

TO BE THE SOCIAL, INTELLECTUAL, AND ATHLETIC HUB OF HARVARD ALUMNI AND OUR AFFILIATED COMMUNITY IN THE GREATER BOSTON AREA.

Program Service Accomplishments

Program 1

HARVARD CLUB OF BOSTON PROVIDES FINE DINING, FAMILY FUNCTIONS, SLEEPING ROOMS AND MEMBER EVENTS AS WELL AS RECREATIONAL, EXERCISE AND AEROBICS PROGRAMS TO ITS FIVE THOUSAND MEMBERS AND THEIR GUESTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,902,353
Investment Income $43,833
Other Revenue $373,433
TOTAL REVENUE $12,319,619

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,833,019
Fundraising Expenses $0
Other Expenses $6,777,898
TOTAL EXPENSES $12,610,917

Year-over-Year Comparison

2024 2023 Change
Revenue $12,319,619 $11,807,453 +0.0%
Expenses $12,610,917 $10,490,484 +0.2%
Net Income $-291,298 $1,316,969 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
18
Employees
274
Volunteers
70

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$14,122
Total Directors
22
$14,122
Key Employees
2
$911,434
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN KENDALL PRESIDENT EFF. 4/25,VP UNTIL 4/25 4.00
Officer Director
$3,794 $0 $3,794
MARCUS DEFLORIMONTE PRESIDENT UNTIL 4/25 4.00
Officer Director
$3,794 $0 $3,794
ANDY FREED VICE PRESIDENT EFF. 4/25 2.00
Officer Director
$0 $0 $0
JILLIAN E MCGRATH VICE PRESIDENT 4.00
Officer Director
$3,794 $0 $3,794
DAVID RODRIGUEZ SECRETARY 4.00
Officer Director
$0 $0 $0
MICHAEL CRONIN TREASURER 4.00
Officer Director
$0 $0 $0
JUAN CARMONA HOUSE COMMITTEE CHAIR 4.00
Officer Director
$2,740 $0 $2,740
CRISTINA COLETTA BLAU DIRECTOR EFF. 4/25 2.00
Director
$0 $0 $0
BITHIAH L CARTER DIRECTOR 2.00
Director
$0 $0 $0
ANTHONY M CONSIGLI DIRECTOR UNTIL 4/25 2.00
Director
$0 $0 $0
CHARLES CORNISH DIRECTOR UNTIL 4/25 2.00
Director
$0 $0 $0
MICHAEL GAINES DIRECTOR 2.00
Director
$0 $0 $0
MARTIN J GRASSO JR DIRECTOR 2.00
Director
$0 $0 $0
SARAH C KARMON DIRECTOR 2.00
Director
$0 $0 $0
CHERYL LA MONICA DIRECTOR EFF. 4/25 2.00
Director
$0 $0 $0
ELIZABETH MICCI DIRECTOR 2.00
Director
$0 $0 $0
DEBBIE MILLIN DIRECTOR 2.00
Director
$0 $0 $0
AMEEK ASHOK PONDA DIRECTOR 2.00
Director
$0 $0 $0
JAN SARAGONI DIRECTOR 2.00
Director
$0 $0 $0
COURTNEY SHARPE DIRECTOR UNTIL 4/25 2.00
Director
$0 $0 $0
EDWARD MATSON SIBBLE JR DIRECTOR 2.00
Director
$0 $0 $0
CHIBUIKEM UCHE DIRECTOR EFF. 4/25 2.00
Director
$0 $0 $0
STEVEN P CUMMINGS GENERAL MANAGER 40.00
Key Emp
$576,629 $49,359 $625,988
SARA LAWARE CHIEF FINANCIAL OFFICER 40.00
Key Emp
$270,678 $14,768 $285,446
DEAN MOORE EXECUTIVE CHEF 40.00
Highest
$213,502 $37,970 $251,472
REBECCA BLAESER VANA SENIOR DIR OF MEMBERSHIP & MARKETING 40.00
Highest
$209,407 $7,117 $216,524
LISA ARMETTA HUMAN RESOURCES DIRECTOR 40.00
Highest
$174,584 $36,711 $211,295
ROGER SCHOFIELD JR ASSISTANT GENERAL MANAGER 40.00
Highest
$161,897 $36,406 $198,303
GLEN BALLARD FACILITIES MANAGER 40.00
Highest
$148,692 $37,403 $186,095
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $12,319,619 $12,610,917 $32,259,594 $-291,298
2024 $11,807,453 $10,490,484 $28,268,317 $1,316,969
2023 $11,526,801 $9,781,432 $28,967,885 $1,745,369
2022 $10,782,183 $8,373,783 $27,781,718 $2,408,400
2021 $7,044,693 $7,180,161 $27,331,875 $-135,468
2020 $7,261,636 $9,367,421 $26,354,779 $-2,105,785
2019 $11,733,271 $10,061,673 $30,094,931 $1,671,598
2018 $10,243,436 $9,507,660 $28,470,734 $735,776
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