HARVARD BUSINESS SCHOOL CLUB OF GREATER NEW YORK INC (EIN 136159699) - 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

1962

Legal Domicile

Phone

2015883758

Tax Period

2023-07-01 to 2024-06-30

HARVARD BUSINESS SCHOOL CLUB OF GREATER NEW YORK INC, founded in 1962, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 12% surplus.

Mission

THE MISSION OF THE HBS CLUB OF NEW YORK IS TO MAKE A DIFFERENCE AND TO SUPPORT HARVARD BUSINESS SCHOOL BY ENGAGING ALUMNI, IMPACTING COMMUNITY, FOSTERING LEADERSHIP AND LIFELONG LEARNING.

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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 $1,091,707

Program Service Revenue $65,416

Investment Income $136,360

Other Revenue $8,151

TOTAL REVENUE $1,301,634

Expense Breakdown

Grants Paid $155,000

Salaries & Benefits $620,089

Fundraising Expenses $66,301

Program Expenses $763,769

Other Expenses $371,973

TOTAL EXPENSES $1,147,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,301,634	$1,135,606	+0.1%
Expenses	$1,147,062	$1,086,381	+0.1%
Net Income	$154,572	$49,225	+2.1%

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

Employees

Volunteers

366

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

$199,688

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maureen Friar	Chief of Staff	40.00	Officer	$186,684	$13,004	$199,688
Deborah Farrington	Board Chair	2.00	Director	$0	$0	$0
Clare Peeters	Director, Presi	2.00	Director	$0	$0	$0
Jacqueline Adams	Director	2.00	Director	$0	$0	$0
Katherine Bahamonde Monasebian	Director	2.00	Director	$0	$0	$0
Todd Benson	Director	2.00	Director	$0	$0	$0
Dan Biederman	Director	2.00	Director	$0	$0	$0
Kal Bittianda	Director	2.00	Director	$0	$0	$0
Tamara Bowens	Director	2.00	Director	$0	$0	$0
Pamela Chan	Director	2.00	Director	$0	$0	$0
Andrew Cheskis	Director	2.00	Director	$0	$0	$0
Hemali Dassani	Director	2.00	Director	$0	$0	$0
Elisabeth Hair DeMarse	Director	2.00	Director	$0	$0	$0
Marjorie Federbush	Director	2.00	Director	$0	$0	$0
Joel Glasky	Director	2.00	Director	$0	$0	$0
Sejal Shah Gulati	Director	2.00	Director	$0	$0	$0
Leonard Harlan	Director	2.00	Director	$0	$0	$0
Joanna Stone Herman	Director	2.00	Director	$0	$0	$0
Leslie Himmel	Director	2.00	Director	$0	$0	$0
Richard Kane	Director	2.00	Director	$0	$0	$0
Zameer Kassam	Director	2.00	Director	$0	$0	$0
Atul Khanna	Director	2.00	Director	$0	$0	$0
Anand Kini	Director	2.00	Director	$0	$0	$0
Monica Mandelli	Director	2.00	Director	$0	$0	$0
Bruce Marcus	Director	2.00	Director	$0	$0	$0
Depelsha McGruder	Director	2.00	Director	$0	$0	$0
Chris Marinak	Director	2.00	Director	$0	$0	$0
Howard Morgan	Director	2.00	Director	$0	$0	$0
Jessica Luterman Naeve	Director	2.00	Director	$0	$0	$0
Edward Olebe	Director	2.00	Director	$0	$0	$0
Kenneth Powell	Director	2.00	Director	$0	$0	$0
Dianna Raedle	Director	2.00	Director	$0	$0	$0
Lowell Robinson	Director	2.00	Director	$0	$0	$0
Dionis Rodriguez	Director	2.00	Director	$0	$0	$0
Paul Stamas	Director	2.00	Director	$0	$0	$0
Lance Stuart	Director	2.00	Director	$0	$0	$0
Mark Tatum	Director	2.00	Director	$0	$0	$0
Robert Tichio	Director	2.00	Director	$0	$0	$0
Amy Vecchione	Director	2.00	Director	$0	$0	$0
Laila Worrell	Director	2.00	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
2025	No data	No data	No data	No data
2024	$1,301,634	$1,147,062	$2,719,915	$154,572
2023	$1,135,606	$1,086,381	$2,525,234	$49,225
2022	$2,020,153	$1,044,091	$2,494,386	$976,062
2021	$256,021	$1,032,136	$3,298,161	$-776,115
2020	$291,272	$1,154,952	$3,305,597	$-863,680
2019	$2,193,405	$1,321,849	$3,136,269	$871,556
2018	$1,188,314	$1,141,417	$2,274,628	$46,897

HARVARD BUSINESS SCHOOL CLUB OF GREATER NEW YORK INC