HARVARD BUSINESS SCHOOL CLUB OF CL… - 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

1952

Legal Domicile

Principal Officer

PNC BANK NA

Phone

2162229272

Tax Period

2023-01-01 to 2023-12-31

HARVARD BUSINESS SCHOOL CLUB OF CLEVELAND, founded in 1952, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $250K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $347K exceeded revenue, resulting in a 38% operating deficit.

Mission

PROVIDING SCHOLARSHIPS; FURTHERING BUSINESS EDUCATION; PROMOTING EDUCATIONAL MEEETINGS

Program Service Accomplishments

Program 1

Expenses: $72,267

FURTHERING BUSINESS EDUCATION AT HARVARD SCHOOL OF BUSINESS

Program 2

Expenses: $50,868

GENERAL SUPPORT OF THE EDWINS FOUNDATION AND THEIR MISSION

Program 3

Expenses: $30,521

GENERAL SUPPORT OF COLLEGE NOW GREATER CLEVELAND AND THEIR MISSION

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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 $0

Program Service Revenue $0

Investment Income $282,246

Other Revenue $-31,931

TOTAL REVENUE $250,315

Expense Breakdown

Grants Paid $315,834

Salaries & Benefits $26,424

Fundraising Expenses $0

Program Expenses $321,318

Other Expenses $4,244

TOTAL EXPENSES $346,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,315	$543,107	-0.5%
Expenses	$346,502	$244,681	+0.4%
Net Income	$-96,187	$298,426	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	6.0		$26,424	$0	$26,424

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	$250,315	$346,502	$4,333,914	$-96,187
2022	$543,107	$244,681	$4,384,275	$298,426
2021	$955,233	$330,384	$4,091,023	$624,849
2020	$421,312	$144,300	$3,466,196	$277,012

HARVARD BUSINESS SCHOOL CLUB OF CLEVELAND