The Harvard Independent 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

1969

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $85,745 Revenue: $20,493

The Harvard Independent, Inc. Published several issues consisting of hundreds of articles, all student written, student edited, and student published, delivered to the entire Harvard University...

The Harvard Independent, Inc. Published several issues consisting of hundreds of articles, all student written, student edited, and student published, delivered to the entire Harvard University community free of charge.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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