UNION CLUB OF BOSTON INC (EIN 041920190) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

JACEK K GROTNIK

Phone

6172270589

Tax Period

2023-01-01 to 2023-12-31

UNION CLUB OF BOSTON INC, founded in 1905, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

SEE STATEMENT AT PART III 4A.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,555

Program Service Revenue $1,897,256

Investment Income $20,655

Other Revenue $-39,920

TOTAL REVENUE $1,900,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $811,239

Fundraising Expenses $0

Other Expenses $1,048,783

TOTAL EXPENSES $1,860,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,900,546	$1,558,808	+0.2%
Expenses	$1,860,022	$1,804,606	+0.0%
Net Income	$40,524	$-245,798	-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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$207,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER ANN NASSOUR	PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD C FLECK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARYLEE HALPIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JACEK K GROTNIK	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM JARED APT	SECRETARY UNTIL 3/23	1.00	Officer Director	$0	$0	$0
BORISLAV KUSTURIC	SECRETARY EFF. 3/23	1.00	Officer Director	$0	$0	$0
DAVID ABBOTT	DIRECTOR	0.30	Director	$0	$0	$0
ERNST BERNDT	DIRECTOR	0.30	Director	$0	$0	$0
MARILYN CAPEK	DIRECTOR	0.30	Director	$0	$0	$0
CLAUDIA EVANS	DIRECTOR	0.30	Director	$0	$0	$0
GEORGE HOGUET	DIRECTOR	0.30	Director	$0	$0	$0
WARREN A JOHNSON	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT KRATZER EVERETT	DIRECTOR	0.30	Director	$0	$0	$0
COLIN LONGVAL	DIRECTOR	0.30	Director	$0	$0	$0
ALEXANDRA MCPEEK	DIRECTOR	0.30	Director	$0	$0	$0
ANTHONY POLITO	DIRECTOR	0.30	Director	$0	$0	$0
GEORGE PREBLE	DIRECTOR	0.30	Director	$0	$0	$0
BRADLEY RICHARDSON	DIRECTOR	0.30	Director	$0	$0	$0
MEREDITH WAITES	GENERAL MANAGER	55.00	Officer	$201,549	$6,318	$207,867
LUC ROBERT	EXECUTIVE CHEF	55.00	Highest	$132,251	$1,984	$134,235
MATTHEW LAVELLE	CONTROLLER	45.00	Highest	$121,656	$1,825	$123,481

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
2024	No data	No data	No data	No data
2023	$1,900,546	$1,860,022	$3,903,293	$40,524
2022	$1,558,808	$1,804,606	$3,680,155	$-245,798
2021	$1,524,756	$1,482,646	$4,030,835	$42,110
2020	$1,200,213	$1,433,344	$3,929,533	$-233,131
2019	$1,654,624	$1,727,090	$4,225,261	$-72,466
2018	$1,533,683	$1,686,338	$3,224,596	$-152,655

UNION CLUB OF BOSTON INC