MIT Sloan Boston Alumni Association Inc

EIN: 042925409 501(c)(3) Education

Boston, MA

Total Revenue
$820,127
Total Expenses
$887,313
Total Assets
$678,267
Net Assets
$421,831
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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
MA
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.

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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 (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

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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
16

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
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
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