THE HARBUS FOUNDATION

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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

1997

Legal Domicile

Principal Officer

MICHI FERREOL

Phone

6174956528

Tax Period

2019-07-01 to 2020-06-30

THE HARBUS FOUNDATION, founded in 1997, is a micro nonprofit that reported $35K in total revenue in fiscal year 2019. The organization ran a surplus of $33K, a strong 94% operating margin.

Mission

SUPPORT PROJECTS AND AWARDING GRANTS AND SCHOLARSHIPS TO PROGRAMS INVOLVED IN JOURNALISM, LITERACY AND EDUCATIONAL ACTIVITIES SURROUNDING THE HARVARD BUSINESS SCHOOL.

Program Service Accomplishments

Program 1

PROVIDE GRANT AWARDS TO ORGANIZATIONS PROMOTING EDUCATION, LITERACY AND JOURNALISM ACROSS THE BOSTON METROPOLITAN AREA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $34,831

Other Revenue $0

TOTAL REVENUE $34,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,084

TOTAL EXPENSES $2,084

Year-over-Year Comparison

	2019	2018	Change
Revenue	$34,831	$35,154	0.0%
Expenses	$2,084	$64,251	-1.0%
Net Income	$32,747	$-29,097	-2.1%

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
MICHI FERREOL	TRUSTEE	5.00	Director	$0	$0	$0
ALICE WANG	TRUSTEE	5.00	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
2020	$34,831	$2,084	$1,371,765	$32,747
2019	$35,154	$64,251	$1,330,331	$-29,097
2018	$51,839	$66,019	$1,312,563	$-14,180