Friends of Harvard Square Inc

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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

Principal Officer

David DeSimone

Phone

6172334556

Tax Period

2023-01-01 to 2023-12-31

Friends of Harvard Square Inc, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $225K in total revenue in fiscal year 2023. The organization ran a surplus of $142K, a strong 63% operating margin.

Mission

To restore, renovate, preserve or protect buildings of architectural historical, or cultural significance in Harvard Square, Cambridge, MA.

Program Service Accomplishments

Program 1

Expenses: $83,227

To restore, renovate, preserve or protect buildings of architectural historical, or cultural significance in Harvard Square, Cambridge, MA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $224,575

Program Service Revenue $0

Investment Income $454

Other Revenue $0

TOTAL REVENUE $225,029

Expense Breakdown

Grants Paid $83,227

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,227

Other Expenses $0

TOTAL EXPENSES $83,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,029	N/A	N/A
Expenses	$83,227	N/A	N/A
Net Income	$141,802	$0	N/A

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
David DeSimone	President/Trustee	1.00	Officer Director	$0	$0	$0
David Schwartz	Treasurer/Trustee	1.00	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
2023	$225,029	$83,227	$152,632	$141,802
2017	$2,182	$2,772	$831	$-590