THE BOSTON SOCIETY INC

EIN: 201661990 501(c)(3) Education

LEXINGTON, MA

Total Revenue
$295,315
Total Expenses
$277,705
Total Assets
$232,797
Net Assets
$231,827
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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
2004
Legal Domicile
MA
Principal Officer
ADAM BROCKMAN
Phone
7818610134
Tax Period
2023-01-01 to 2023-12-31

THE BOSTON SOCIETY INC, founded in 2004, is a small nonprofit in the Education sector that reported $295K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $278K left a modest 6% surplus.

Mission

THE MISSION OF THE BOSTON SOCIETY IS TO PROVIDE A FORUM WHERE EDUCATION, TRAINING, DISCUSSION AND TRADE ASSOCIATION ACTIVITIES FOR SUPPORT OF THE HEALTHCARE COMMUNITY WILL BE FACILITATED. THE ORGANIZATION WAS FOUNDED IN RESPONSE TO A GROWING NEED FOR AN ALTERNATIVE FORUM FOR THE DISCUSSION OF APPLIED PHARMACEUTICAL RESEARCH. THE FOUNDING MEMBERS OF THE BOSTON SOCIETY CREATED A SOCIETY TO ORGANIZE MEETINGS THAT ARE INDUSTRIALLY FOCUSED, WHILE MAINTAINING NON- PROFIT STATUS, RELEVANT VENUE, AND CORRESPONDINGLY LOW RATES. THE ORGANIZATION PROVIDES SEVERAL OF THESE MEETINGS EACH YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $292,244
Investment Income $2,163
Other Revenue $908
TOTAL REVENUE $295,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,896
Fundraising Expenses $0
Program Expenses $248,988
Other Expenses $102,809
TOTAL EXPENSES $277,705

Year-over-Year Comparison

2023 2022 Change
Revenue $295,315 $252,403 +0.2%
Expenses $277,705 $287,841 0.0%
Net Income $17,610 $-35,438 -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
9
Independent Members
8
Employees
2
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
4
$162,200
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELENA TUFA EXECUTIVE DI 40.00
Officer
$115,896 $28,527 $144,423
JEN BROCKMAN TREASURER 10.00
Officer
$17,777 $0 $17,777
PATRICK BENNETT DIRECTOR 1.00
Director
$0 $0 $0
HEMANT BHUTANI DIRECTOR 1.00
Director
$0 $0 $0
ADAM BROCKMAN PRESIDENT 25.00
Officer Director
$0 $0 $0
DIETER DREXLER DIRECTOR 1.00
Director
$0 $0 $0
BENOIT MOREAU DIRECTOR 1.00
Director
$0 $0 $0
WILL PROCTOR DIRECTOR 1.00
Director
$0 $0 $0
FARHAD SAYYARPOUR DIRECTOR 1.00
Director
$0 $0 $0
RAMA SIVASUBRAMANIAN DIRECTOR 1.00
Director
$0 $0 $0
LARRY ELVEBAK SECRETARY 1.00
Officer
$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 No data No data No data No data
2023 $295,315 $277,705 $232,797 $17,610
2022 $252,403 $287,841 $214,926 $-35,438
2021 $162,124 $208,987 $252,433 $-46,863
2020 $213,913 $254,166 $300,450 $-40,253
2019 $486,218 $460,701 $377,397 $25,517
2018 $405,765 $389,966 $331,466 $15,799
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