HARVARD MAGAZINE INC (EIN 046112308) - 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

1924

Legal Domicile

Principal Officer

WILLIAM C KIRBY

Phone

6174966695

Tax Period

2023-07-01 to 2024-06-30

HARVARD MAGAZINE INC, founded in 1924, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2023. Expenses of $4.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

PUBLICATION OF ALUMNI MAGAZINE

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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 $2,737,065

Program Service Revenue $1,234,034

Investment Income $5,198

Other Revenue $52,363

TOTAL REVENUE $4,028,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,433,656

Fundraising Expenses $449,559

Program Expenses $3,406,709

Other Expenses $2,150,125

TOTAL EXPENSES $4,583,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,028,660	$4,169,363	0.0%
Expenses	$4,583,781	$4,368,507	+0.0%
Net Income	$-555,121	$-199,144	+1.8%

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

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

$1,624,658

Total Directors

$2,234,775

Key Employees

$280,286

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM C KIRBY	PRESIDENT	1.00	Officer Director	$0	$72,679	$716,286
WILLIAM MAKRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH C KARMON	DIRECTOR	1.00	Director	$0	$68,845	$394,088
SEWELL CHAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WAN	DIRECTOR	1.00	Director	$0	$0	$0
YOUNGME MOON	SECRETARY	1.00	Officer Director	$0	$70,646	$542,775
ANN M BLAIR	TREASURER	1.00	Officer Director	$0	$72,846	$365,597
SAMUEL KUNES	DIRECTOR	1.00	Director	$0	$49,958	$216,029
SUSAN MORRIS NOVICK	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA CARTER	FUNDRAISING/	35.00	Highest	$116,385	$24,136	$140,521
ROBERT FITTA	DIRECTOR ADV	35.00	Highest	$109,045	$41,022	$150,067
IRINA KUKSIN	PUBLISHER	35.00	Highest	$125,026	$22,116	$147,142
JOHN ROSENBERG	EDITOR	35.00	Key Emp	$226,905	$53,381	$280,286

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	No data	No data	No data	No data
2024	$4,028,660	$4,583,781	$1,571,833	$-555,121
2023	$4,169,363	$4,368,507	$2,012,249	$-199,144
2022	$4,204,037	$4,141,159	$2,144,071	$62,878
2022	$4,204,037	$4,141,159	$2,144,071	$62,878
2021	$3,610,627	$4,223,781	$2,271,377	$-613,154

HARVARD MAGAZINE INC