HARVARD CLUB OF SOUTHERN CT C/O MA… - 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

1920

Legal Domicile

Principal Officer

MARK GOUMAS

Phone

2032580342

Tax Period

2024-07-01 to 2025-06-30

HARVARD CLUB OF SOUTHERN CT C/O MARK GOUMAS, founded in 1920, is a micro nonprofit that reported $86K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 144 months of operating reserves.

Mission

TO DISTRIBUTE FUNDS TO HARVARD UNIVERSITY FOR USE AS SCHOLARSHIPS IN THEIR SUMMER INTERNSHIP PROGRAM

Program Service Accomplishments

Program 1

Expenses: $59,995 Revenue: $44,321

FUNDS ARE RAISED TO GIVE TO HARVARD UNIVERSITY FOR SCHOLARSHIPS IN THEIR SUMMER INTERNSHIP PROGRAM

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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 $6,680

Program Service Revenue $16,960

Investment Income $62,639

Other Revenue $0

TOTAL REVENUE $86,279

Expense Breakdown

Grants Paid $32,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,995

Other Expenses $57,727

TOTAL EXPENSES $89,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,279	$150,600	-0.4%
Expenses	$89,727	$94,334	0.0%
Net Income	$-3,448	$56,266	-1.1%

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

N/A

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
JOHN AMBROZAITIS	HONORARY DIR	N/A	Director	$0	$0	$0
KIRSTEN ANDERSON	DIRECTOR	N/A	Director	$0	$0	$0
LISA GOODALL ASHKINOS	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL BEEBE	CO-VPRES/DIR	N/A	Officer Director	$0	$0	$0
DONALD R BEEBE	HONORARY DIR	N/A	Director	$0	$0	$0
EMILIE DE BRIGARD	DIRECTOR	N/A	Director	$0	$0	$0
SAMANTHA DEGENNAR0	DIRECTOR	N/A	Director	$0	$0	$0
JAMES F EARLY	HONORARY DIR	N/A	Director	$0	$0	$0
MARK GOUMAS	TREASURER/DI	N/A	Officer Director	$0	$0	$0
MAXIMINO MEDINA JR	HONORARY DIR	N/A	Director	$0	$0	$0
PETER ERODICI JR	SEC/DIRECTOR	N/A	Officer Director	$0	$0	$0
LILJANA KACI	PRESIDENT/DI	N/A	Officer Director	$0	$0	$0
NEHAL KHOKHAR	HONORARY DIR	N/A	Director	$0	$0	$0
ROBERT J MAZZONE	DIRECTOR	N/A	Director	$0	$0	$0
CINDY R SCHOENFELD	HONORARY DIR	N/A	Director	$0	$0	$0
THEODORE SKOWRONSKI	HONORARY DIR	N/A	Director	$0	$0	$0
NANCY H STEENBURG	HONORARY DIR	N/A	Director	$0	$0	$0
RACHEL MARLENA STEVENS	CO-VPRES/DIR	N/A	Officer Director	$0	$0	$0
TIFFANY STEWART	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER TATE	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER TOMBAUGH	DIRECTOR	N/A	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	$86,279	$89,727	$1,034,143	$-3,448
2024	$150,600	$94,334	$1,037,591	$56,266
2023	$90,967	$71,349	$981,325	$19,618
2022	$97,249	$54,853	$961,707	$42,396
2021	$88,332	$51,186	$919,311	$37,146
2020	$54,807	$45,983	$882,165	$8,824
2019	$87,895	$50,888	$873,341	$37,007

HARVARD CLUB OF SOUTHERN CT C/O MARK GOUMAS