HARVARD COLLEGE ASSOCIATION FORUS-… - 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

2006

Legal Domicile

Principal Officer

Michael Pecorara

Tax Period

2022-01-01 to 2022-12-31

HARVARD COLLEGE ASSOCIATION FORUS-CHINA RELATIONS, founded in 2006, is a micro nonprofit in the International Affairs sector that reported $77K in total revenue in fiscal year 2022. Expenses of $160K exceeded revenue, resulting in a 109% operating deficit.

Mission

HAUSCR seeks to promote the exchange of ideas and opportunities between students at Harvard University and in China, through a series of cross-cultural exchange programs it organizes each year. HAUSCR seeks to enrich the education of the Chinese youth with the Western liberal arts education style at Harvard, and enrich the cultural understanding of China at Harvard.

Program Service Accomplishments

Program 1

Expenses: $51,407 Revenue: $1,200

China Thinks Big (CTB) is a social entrepreneurship competition for Chinese high school students. The participants analyze one of several prominent social issues in China presented to them, and...

China Thinks Big (CTB) is a social entrepreneurship competition for Chinese high school students. The participants analyze one of several prominent social issues in China presented to them, and devise an innovative solution to tackle that issue in their local communities. Each team's work is judged by business executives, local leaders, academic figures, as well as Harvard undergrads.

Program 2

Expenses: $109,077 Revenue: $75,483

Harvard College Summit for Young Leaders in China (HSYLC) connectings Harvard students by enabling them to teach seminars on topics of their own choosing to pre-selected top high school students in China. The conference aims to simulate a Harvard educational experience with liberal arts style education, extra curricular activities, and renowned guest speakers. The conference lasts one week, and is our flagship program. During the COVID-19 pandemic, HSYLC has operated virtually, bringing this experience to students through virtual platforms.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,683

Investment Income $0

Other Revenue $0

TOTAL REVENUE $76,683

Expense Breakdown

Grants Paid $109,077

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,484

Other Expenses $51,407

TOTAL EXPENSES $160,484

Year-over-Year Comparison

	2022	2021	Change
Revenue	$76,683	$71,861	+0.1%
Expenses	$160,484	$106,126	+0.5%
Net Income	$-83,801	$-34,265	+1.4%

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

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
Audrey Chin	Co-President	15	Director	$0	$0	$0
Charlie Yang	Co-President	15	Director	$0	$0	$0
Michael Pecorara	Chief Financial Officer	10	Officer	$0	$0	$0
Jieyan Wang	Co-CTB Director	10	Officer	$0	$0	$0
Jennifer Xiong	Co-CTB Director	10	Officer	$0	$0	$0
Emma Cardwell	Co-HSYLC Director	10	Officer	$0	$0	$0
Kellie Liu	Co-HSYLC Director	10	Officer	$0	$0	$0
Melissa Liu	Co-Community Director	10	Officer	$0	$0	$0
Jennifer Niemi	Co-Community Director	10	Officer	$0	$0	$0
Keagan Yap	YSA Director	10	Officer	$0	$0	$0
Heather Park	BPC Director	10.00	Officer	$0	$0	$0
Grace Li	Technology Director	10	Officer	$0	$0	$0
Truong Nguyen	Co-Mentorship Director	10	Officer	$0	$0	$0
Vivian Zhao	Co-Mentorship Director	10	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
2022	$76,683	$160,484	$86,741	$-83,801
2021	$71,862	$106,128	$170,541	$-34,266

HARVARD COLLEGE ASSOCIATION FORUS-CHINA RELATIONS