HARVARD CLUB OF BOSTON 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

1950

Legal Domicile

Principal Officer

MARCUS DEFLORIMONTE

Phone

6175361260

Tax Period

2022-07-01 to 2023-06-30

HARVARD CLUB OF BOSTON FOUNDATION, founded in 1950, is a small nonprofit in the Education sector that reported $732K in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 27% operating margin.

Mission

TO FOSTER SCIENTIFIC, LITERARY AND EDUCATIONAL INTERESTS AMONG MEMBERS OF THE HARVARD CLUB OF BOSTON AND TO ADVANCE THE INTERESTS AND PROMOTE THE WELFARE OF HARVARD UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $480,295

AWARDING UNDERGRADUATE SCHOLARSHIPS TO HARVARD UNIVERSITY $475,395 AND A HARVARD COLLEGE SUMMER COMMUNITY SERVICE FELLOWSHIP $5,000

Program 2

Expenses: $17,661

PRIZE BOOKS WERE AWARDED TO HIGH SCHOOL STUDENTS IN RECOGNITION OF ADVANCED SCHOLASTIC ACHIEVEMENT. THE AWARDS ARE DISTRIBUTED AT A RECOGNITION BANQUET.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $731,627

Other Revenue $0

TOTAL REVENUE $731,627

Expense Breakdown

Grants Paid $487,512

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $497,956

Other Expenses $47,627

TOTAL EXPENSES $535,139

Year-over-Year Comparison

	2022	2021	Change
Revenue	$731,627	$455,702	+0.6%
Expenses	$535,139	$563,639	-0.1%
Net Income	$196,488	$-107,937	-2.8%

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

$14,258

Total Directors

$17,702

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCUS DEFLORIMONTE	PRESIDENT	1.00	Officer Director	$0	$0	$3,444
SUSAN KENDALL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$3,444
JILLIAN E MCGRATH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$3,926
MICHAEL CRONIN	TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD MATSON SIBBLE JR	SECRETARY	1.00	Officer Director	$0	$0	$3,444
JUAN CARMONA	DIRECTOR	1.00	Director	$0	$0	$3,444
ANTHONY M CONSIGLI	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES CORNISH	DIRECTOR	1.00	Director	$0	$0	$0
ANDY FREED	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GAINES	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN J GRASSO JR	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD HO	DIRECTOR UNTIL 4/23	1.00	Director	$0	$0	$0
SARAH C KARMON	DIRECTOR EFF 4/23	1.00	Director	$0	$0	$0
PHILIP LOVEJOY	DIRECTOR UNTIL 4/23	1.00	Director	$0	$0	$0
ELIZABETH MICCI	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE MILLIN	DIRECTOR EFF 4/23	1.00	Director	$0	$0	$0
AMY NORTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JAN SARAGONI	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY SHARPE	DIRECTOR	1.00	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
2023	$731,627	$535,139	$13,824,252	$196,488
2022	$455,702	$563,639	$14,121,998	$-107,937
2021	$421,703	$481,133	$14,951,360	$-59,430
2020	$424,116	$502,993	$11,662,181	$-78,877
2019	$408,168	$523,179	$11,382,667	$-115,011
2018	$497,337	$535,299	$11,220,006	$-37,962