MIT Sloan Boston Alumni Associatio… - Form 990 Financial Data

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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

2002

Legal Domicile

Phone

7813263039

Tax Period

2024-07-01 to 2025-06-30

MIT Sloan Boston Alumni Association Inc, founded in 2002, is a small nonprofit in the Education sector that reported $820K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The MIT Sloan Boston Alumni Associations mission is to build an extensive and vibrant MIT Sloan Alumni Community across New England.

Program Service Accomplishments

Program 1

Expenses: $718,309 Revenue: $245,884

Community and continuing education programs, events and 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 $562,425

Program Service Revenue $245,884

Investment Income $11,818

Other Revenue $0

TOTAL REVENUE $820,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,327

Fundraising Expenses $0

Program Expenses $718,309

Other Expenses $638,986

TOTAL EXPENSES $887,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$820,127	$742,405	+0.1%
Expenses	$887,313	$867,193	+0.0%
Net Income	$-67,186	$-124,788	-0.5%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allan Tate	N/A	40.00	Highest	$117,000	$3,510	$120,510
Patricia Hubbell	board member	5.00	Director	$0	$0	$0
Sean Brown	board member	5.00	Director	$0	$0	$0
Julia Abromovich	Chief People Officer	5.00	Director	$0	$0	$0
Christopher Reichert	President	5.00	Officer Director	$0	$0	$0
David Harelick	Assistant Vice President	5.00	Officer Director	$0	$0	$0
Mark Crowley	Treasurer	5.00	Officer Director	$0	$0	$0
Nick Holda	Clerk	0.00	Officer Director	$0	$0	$0
Sahil Joshi	vice president	5.00	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	$820,127	$887,313	$678,267	$-67,186
2024	$739,138	$863,182	$683,288	$-124,044
2023	$623,056	$766,694	$660,094	$-143,638
2022	$678,730	$614,174	$774,958	$64,556
2021	$423,951	$347,873	$670,220	$76,078
2020	$545,142	$547,660	$713,216	$-2,518
2019	$910,716	$918,649	$844,084	$-7,933
2018	$810,519	$827,842	$787,675	$-17,323

MIT Sloan Boston Alumni Association Inc