HBS Healthcare Alumni Association Inc

EIN: 113508999 Mutual Benefit

Sudbury, MA

Total Revenue
$276,550
Total Expenses
$310,179
Total Assets
$385,169
Net Assets
$385,169
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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
1999
Legal Domicile
MA
Principal Officer
Cameron LaHaise
Phone
6178045617
Tax Period
2024-01-01 to 2024-12-31

HBS Healthcare Alumni Association Inc, founded in 1999, is a small nonprofit in the Mutual Benefit sector that reported $277K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $310K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Harvard Business School Health Industry Alumni Association HBS Health exists to promote interaction and communication among HBS Alumni involved in all sectors of the worldwide healthcare industry to aid in their professional development and continuing Education.

Program Service Accomplishments

Program 1

The HBS Health Industry Alumni Association produced programs, meetings and forums across the country that enabled its members to learn about important issues in the healthcare industry. Through these...

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The HBS Health Industry Alumni Association produced programs, meetings and forums across the country that enabled its members to learn about important issues in the healthcare industry. Through these programs and its web site the Organization achieved its purpose of fostering communication and sharing information among members with respect to improving and bettering all aspects of the healthcare industry.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $74,540
Program Service Revenue $187,800
Investment Income $14,210
Other Revenue $0
TOTAL REVENUE $276,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $117,312
Fundraising Expenses $0
Other Expenses $192,867
TOTAL EXPENSES $310,179

Year-over-Year Comparison

2024 2023 Change
Revenue $276,550 $235,725 +0.2%
Expenses $310,179 $249,120 +0.2%
Net Income $-33,629 $-13,395 +1.5%
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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

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
4
$117,312
Total Directors
19
$117,312
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cameron LaHaise Executive Director 040.00
Officer Director
$117,312 $0 $117,312
Jay Galeota Treasurer 001.00
Officer Director
$0 $0 $0
Eileen McCullough Co-President 001.00
Officer Director
$0 $0 $0
Joe Montrosse Co-President 001.00
Officer Director
$0 $0 $0
Susan Alesina Director 001.00
Director
$0 $0 $0
Ian Chiang Director 001.00
Director
$0 $0 $0
Bunny Ellerin Director 001.00
Director
$0 $0 $0
Helen Kotchoubey Director 001.00
Director
$0 $0 $0
Steve Krognes Director 001.00
Director
$0 $0 $0
Anita Gupta Modi Director 001.00
Director
$0 $0 $0
Michael Reslinski Director 001.00
Director
$0 $0 $0
Maggie Pax Director 001.00
Director
$0 $0 $0
Pooja Solanski Director 001.00
Director
$0 $0 $0
Claire Wagner Director 001.00
Director
$0 $0 $0
Maureen Austin Director 001.00
Director
$0 $0 $0
Stephanie Chamberlain Director 001.00
Director
$0 $0 $0
Gabriella del Hierro Director 001.00
Director
$0 $0 $0
Marcus Osborne Director 001.00
Director
$0 $0 $0
Jinal Shah Director 001.00
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
2024 $276,550 $310,179 $385,169 $-33,629
2023 $235,725 $249,120 $418,828 $-13,395
2022 $226,863 $215,910 $465,919 $10,953
2021 $225,408 $155,920 $468,574 $69,488
2020 $143,343 $139,360 $375,480 $3,983
2019 $263,963 $218,916 $442,778 $45,047
2018 $270,270 $225,510 $302,910 $44,760
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