DOVER CLUB OF MIT INC C/O JEROME D… - 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

1958

Legal Domicile

Principal Officer

JEROME DAUSMAN

Phone

6177521326

Tax Period

2024-07-01 to 2025-06-30

DOVER CLUB OF MIT INC C/O JEROME DAUSMAN, founded in 1958, is a small nonprofit that reported $226K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $291K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION ASSISTS UNDERGRADUATE STUDENTS AT MASSACHUSETTS INSTITUTE OF TECHNOLOGY BY PROVIDING THEM WITH HOUSING AT REASONABLE RATES FOR RENT, INTEREST FREE LOANS AND OTHER EDUCATIONAL FINANCIAL ASSISTANCE. THE ORGANIZATION ALSO PRODUCES AN ALUMNI NEWSLETTER AND ORGANIZES REUNIONS.

Program Service Accomplishments

Program 1

Expenses: $288,084

PROVIDE HOUSING TO UNDERGRADUATE STUDENTS AT REASONABLE RATES OF RENT SO STUDENTS CAN FOCUS ON ACADEMICS. ALSO ORGANIZE REUNIONS AND PRODUCE AN ALUMNI NEWSLETTER.

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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 $66,295

Program Service Revenue $160,000

Investment Income $14

Other Revenue $0

TOTAL REVENUE $226,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $288,084

Other Expenses $291,393

TOTAL EXPENSES $291,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,309	$162,032	+0.4%
Expenses	$291,393	$194,143	+0.5%
Net Income	$-65,084	$-32,111	+1.0%

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

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
SOTIRIOS KARANIKAS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX JAFFE	CLERK	3.00	Officer Director	$0	$0	$0
SAMEER DESHPANDE	DIRECTOR	1.00	Director	$0	$0	$0
JEROME DAUSMAN	TREASURER AND ACTING 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	$226,309	$291,393	$927,183	$-65,084
2024	$162,032	$194,143	$1,005,759	$-32,111
2023	$284,064	$237,245	$1,077,027	$46,819
2022	$179,270	$241,138	$1,033,201	$-61,868
2021	$185,789	$175,724	$1,115,342	$10,065
2020	$178,205	$247,418	$1,263,060	$-69,213
2019	$232,347	$277,462	$1,216,949	$-45,115
2018	$291,551	$343,485	$985,605	$-51,934

DOVER CLUB OF MIT INC C/O JEROME DAUSMAN