HARVARD VARSITY CLUB INC

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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

1955

Legal Domicile

Principal Officer

ROBERT GLATZ

Phone

6174953757

Tax Period

2024-07-01 to 2025-06-30

HARVARD VARSITY CLUB INC, founded in 1955, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $321K, a strong 17% operating margin.

Mission

PRESERVE THE TRADITIONS, FOSTER THE IDEALS AND ADVANCE THE INTERESTS OF HARVARD ATHLETICS.

Program Service Accomplishments

Program 1

Expenses: $1,325,664

THE CLUB'S THREE LARGEST PROGRAM SERVICE ACCOMPLISHMENTS FOR THE YEAR WERE A SELLOUT GOLF TOURNAMENT AT PINE HILLS GOLF CLUB IN PLYMOUTH MA, HAVING OVER 1,000 GUESTS IN ATTENDANCE FOR THE SENIOR...

THE CLUB'S THREE LARGEST PROGRAM SERVICE ACCOMPLISHMENTS FOR THE YEAR WERE A SELLOUT GOLF TOURNAMENT AT PINE HILLS GOLF CLUB IN PLYMOUTH MA, HAVING OVER 1,000 GUESTS IN ATTENDANCE FOR THE SENIOR LETTERWINNERS' DINNER, AND INDUCTING SIX INDIVIDUALS INTO THE HARVARD VARSITY CLUB HALL OF FAME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $877,117

Program Service Revenue $249,219

Investment Income $506,813

Other Revenue $280,962

TOTAL REVENUE $1,914,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $887,834

Fundraising Expenses $103,335

Program Expenses $1,325,664

Other Expenses $705,613

TOTAL EXPENSES $1,593,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,914,111	$1,542,047	+0.2%
Expenses	$1,593,447	$1,508,023	+0.1%
Net Income	$320,664	$34,024	+8.4%

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

Total Directors

Key Employees

$343,668

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT E JOYCE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JOHANNA N BOYNTON	PRESIDENT	0.50	Officer Director	$0	$0	$0
WILLIAM J CLEARY III	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
SCOTT C COLLINS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
CHARLOTTE R JOSLIN	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
JESSICA C GELMAN	TREASURER	0.50	Officer Director	$0	$0	$0
TREAVOR S SCALES	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
MOLLY E STANSIK	SECRETARY	0.50	Officer Director	$0	$0	$0
CHRISTOPHER E EGI	DIRECTOR	0.50	Director	$0	$0	$0
AUTUMNE J S FRANKLIN	DIRECTOR	0.50	Director	$0	$0	$0
RAISHAUN M MCGHEE	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL D SMITH	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH M REILLY	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT GLATZ	EXEC DIR	40.00	Key Emp	$298,842	$44,826	$343,668

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	$1,914,111	$1,593,447	$10,908,353	$320,664
2024	$1,542,047	$1,508,023	$10,303,005	$34,024
2023	$1,667,280	$1,477,009	$9,691,316	$190,271
2022	$2,503,628	$1,687,945	$9,008,961	$815,683
2021	$1,675,798	$1,085,299	$9,359,355	$590,499