HARVARD SQUARE BUSINESS ASSOCIATION (EIN 042647383) - 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

1936

Legal Domicile

Principal Officer

MARY-CATHERINE DEIBEL

Phone

6174913434

Tax Period

2024-01-01 to 2024-12-31

HARVARD SQUARE BUSINESS ASSOCIATION, founded in 1936, is a small nonprofit that reported $610K in total revenue in fiscal year 2024.

Mission

TO ADVANCE THE COMMERCIAL, INDUSTRIAL AND PUBLIC INTERESTS OF HARVARD SQUARE, TO PROMOTE A COMMERCIAL EXCHANGE, TO ACCUMULATE AND GIVE TO ITS MEMBERS BUSINESS INFORMATION, TO ADJUST CONTROVERSIES AND MISUNDERSTANDINGS, TO ESTABLISH AND MAINTAIN UNIFORMITY IN COMMERCIAL TRANSACTIONS, AND TO PROMOTE JUST AND EQUITABLE PRINCIPLES OF TRADE

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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 $626,590

Program Service Revenue $0

Investment Income $4,317

Other Revenue $-20,947

TOTAL REVENUE $609,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,532

Fundraising Expenses $0

Program Expenses $607,073

Other Expenses $221,541

TOTAL EXPENSES $607,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,960	$589,421	+0.0%
Expenses	$607,073	$592,505	+0.0%
Net Income	$2,887	$-3,084	-1.9%

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

$179,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA SCULLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHWIN ACHARYA	V.PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL ANDREW BODT	V.PRESIDENT	1.00	Officer Director	$0	$0	$0
NICK WOLF	TREASURER	1.00	Officer Director	$0	$0	$0
MARIA MONTGOMERY	TREASURER	1.00	Officer Director	$0	$0	$0
TOD BEATY	SECRETARY	1.00	Officer Director	$0	$0	$0
DOMINIC AMENTA	DIRECTOR	1.00	Director	$0	$0	$0
DIANE CARSON	DIRECTOR	1.00	Director	$0	$0	$0
BERTIL JEAN-CHRONBERG	DIRECTOR	1.00	Director	$0	$0	$0
JASON DOO	DIRECTOR	1.00	Director	$0	$0	$0
GREER GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNA KRMZIAN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MANNY RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
DAN ROUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WELCH	DIRECTOR	1.00	Director	$0	$0	$0
MARIO CABRERA	DIRECTOR	1.00	Director	$0	$0	$0
SEAN CARON	DIRECTOR	1.00	Director	$0	$0	$0
YAMEN CHAKER	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY COHEN	DIRECTOR	1.00	Director	$0	$0	$0
TONY CONSENTINO	DIRECTOR	1.00	Director	$0	$0	$0
SEAN HOPE	DIRECTOR	1.00	Director	$0	$0	$0
AMY TETREAULT	DIRECTOR	1.00	Director	$0	$0	$0
NICOLA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DENISE A JILLSON	EXEC. DIRECTOR	40.00	Officer	$179,208	$0	$179,208

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	No data	No data	No data	No data
2024	$609,960	$607,073	$257,748	$2,887
2023	$589,421	$592,505	$254,861	$-3,084
2022	$587,039	$563,928	$257,941	$23,111
2021	$461,676	$505,465	$234,830	$-43,789
2020	$479,097	$503,172	$278,619	$-24,075
2019	$429,341	$488,923	$306,495	$-59,582
2018	$467,086	$473,974	$366,000	$-6,888

HARVARD SQUARE BUSINESS ASSOCIATION