The Harvard Independent Inc

EIN: 042456752 501(c)(3) Arts, Culture & Humanities

Cambridge, MA

Total Revenue
$103,206
Total Expenses
$105,980
Total Assets
$873,403
Net Assets
$873,403
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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
1969
Legal Domicile
MA
Principal Officer
Mark Pelofsky
Phone
6178514599
Tax Period
2025-01-01 to 2025-12-31

The Harvard Independent Inc, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $103K in total revenue in fiscal year 2025. Net assets of $873K represent 102 months of operating reserves.

Mission

A student run weekly magazine free to Harvard students.

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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 (2025)

Revenue Breakdown

Contributions & Grants $55,350
Program Service Revenue $20,493
Investment Income $27,363
Other Revenue $0
TOTAL REVENUE $103,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,892
Program Expenses $85,745
Other Expenses $105,980
TOTAL EXPENSES $105,980

Year-over-Year Comparison

2025 2024 Change
Revenue $103,206 $107,119 0.0%
Expenses $105,980 $100,460 +0.1%
Net Income $-2,774 $6,659 -1.4%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Pelofsky Treasurer 2.00
Officer Director
$0 $0 $0
Will Reckler President 2.00
Officer Director
$0 $0 $0
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 $103,206 $105,980 $873,403 $-2,774
2024 $107,119 $100,460 $793,431 $6,659
2023 No data No data No data No data
2022 $79,409 $57,762 $523,601 $21,647
2021 $59,968 $55,633 $621,067 $4,335
2021 $152,475 $42,984 $576,887 $109,491
2020 $235,001 $53,864 $431,781 $181,137
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