Harvard Band Foundation 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

Principal Officer

Michael Ruderman

Phone

7819297847

Tax Period

2024-04-01 to 2025-03-31

Harvard Band Foundation Inc is a micro nonprofit in the Arts, Culture & Humanities sector that reported $47K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 96% operating deficit.

Mission

Supporting the work of the Harvard University Band (Marching Band, Jazz Band, Wind Ensemble) with advice and grants for special projects, travel, instruments, commissions, and other activities.

Program Service Accomplishments

Program 1

Expenses: $90,901 Revenue: $47,421

Supporting the work of the Harvard University Band (Marching Band, Jazz Band, Wind Ensemble) with advice and grants for special projects, travel, instruments, commissions, and other activities.

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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 $54,146

Program Service Revenue $0

Investment Income $40,367

Other Revenue $-47,092

TOTAL REVENUE $47,421

Expense Breakdown

Grants Paid $90,901

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,901

Other Expenses $1,852

TOTAL EXPENSES $92,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,421	$70,089	-0.3%
Expenses	$92,753	$118,066	-0.2%
Net Income	$-45,332	$-47,977	-0.1%

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

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
Cammie O Wynn	President	3.0	Officer Director	$0	$0	$0
Latonya Wright	Vice President	3.0	Officer Director	$0	$0	$0
Timur K Yontar	Treasurer	3.0	Officer Director	$0	$0	$0
A Michael Ruderman	Clerk	3.0	Officer Director	$0	$0	$0
Sam Coppersmith	Director	1.0	Director	$0	$0	$0
Corey O'Hara	Director	1.0	Director	$0	$0	$0
J Mark Patek	Director	1.0	Director	$0	$0	$0
Mark Bagley	Director	1.0	Director	$0	$0	$0
Alisha Creel	Director	1.0	Director	$0	$0	$0
Shep Rainie	Director	1.0	Director	$0	$0	$0
David S Green	Director	1.0	Director	$0	$0	$0
Rachel E Sexton	Director	1.0	Director	$0	$0	$0
Elizabeth Morone	Director	1.0	Director	$0	$0	$0
Scott A Berney	Director	1.0	Director	$0	$0	$0
Courtenay L Kessler	Director	1.0	Director	$0	$0	$0
Robert H Rosen	Director	1.0	Director	$0	$0	$0
Andy Z Li	Director	1.0	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	$47,421	$92,753	$1,791,733	$-45,332
2024	$70,089	$118,066	$1,767,120	$-47,977
2023	$37,986	$62,622	$1,599,754	$-24,636
2022	$42,754	$42,870	$1,729,622	$-116
2021	$49,671	$21,725	$1,611,880	$27,946
2020	$74,958	$92,952	$1,144,816	$-17,994