HARVARD MANAGEMENT PRIVATE EQUITY CORP (EIN 043070522) - 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

1989

Legal Domicile

Principal Officer

KRISTIN DZIERGOWSKI

Phone

6177206759

Tax Period

2024-07-01 to 2025-06-30

HARVARD MANAGEMENT PRIVATE EQUITY CORP, founded in 1989, is a large national nonprofit in the Education sector that reported $2.0B in total revenue in fiscal year 2024. The organization ran a surplus of $2.0B, a strong 100% operating margin.

Mission

INVEST FUNDS FOR THE BENEFIT OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE, A RELATED 501(C)(3) SUPPORTED ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $1,996,447,716

Other Revenue $120,847

TOTAL REVENUE $1,996,568,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,284,845

Other Expenses $5,284,845

TOTAL EXPENSES $5,284,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,996,568,563	$2,052,158,361	0.0%
Expenses	$5,284,845	$12,617	+417.9%
Net Income	$1,991,283,718	$2,052,145,744	0.0%

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

N/A

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

$13,932,054

Total Directors

$13,932,054

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIRMAL P NARVEKAR	DIRECTOR & PRESIDENT	1.0	Officer Director	$0	$169,258	$6,383,808
SANJEEV DAGA	DIRECTOR & TREASURER	1.0	Officer Director	$0	$152,570	$5,120,519
KATHRYN I MURTAGH	DIRECTOR & SECRETARY	1.0	Officer Director	$0	$50,611	$2,427,727

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	$1,996,568,563	$5,284,845	$50,826,535,215	$1,991,283,718
2024	No data	No data	No data	No data
2023	$2,018,283,474	$467,071,549	$47,734,298,978	$1,551,211,925
2022	$2,811,160,094	$416,052,480	$47,991,432,458	$2,395,107,614
2021	$2,446,321,053	$399,083,156	$50,439,258,807	$2,047,237,897
2020	$2,389,913,822	$364,685,370	$36,084,764,444	$2,025,228,452
2019	$1,442,685,738	$297,858,939	$31,239,454,739	$1,144,826,799
2018	$577,729,582	$224,794,430	$25,390,598,310	$352,935,152

HARVARD MANAGEMENT PRIVATE EQUITY CORP