HARVARD CLUB OF NAPLES

EIN: 592226964 501(c)(3)

Naples, FL

Total Revenue
$54,105
Total Expenses
$68,846
Total Assets
$824,348
Net Assets
$824,348
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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
1982
Legal Domicile
FL
Principal Officer
Peggy Lamb
Phone
3107209903
Tax Period
2023-09-01 to 2024-08-31

HARVARD CLUB OF NAPLES, founded in 1982, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $69K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE CLUB IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. IN FURTHERANCE OF SUCH PURPOSES THE CLUB SHALL FOSTER A SPIRIT OF FRATERNITY AMONG GRADUATES FACULTY AND STUDENTS ALONG WITH SERVICE TO THE COMMUNITY; ENCOURAGE RECREATIONAL ACTIVITIES FOR ITS MEMBERS; SERVE IN EXTENDING KNOWLEDGE OF THE AIMS AND ACHIEVEMENTS OF HARVARD UNIVERSITY; PROMOTE THE INTEREST OF ALL ALUMNI ALUMNAE IN THE ACADEMIC AND EXTRACURRICULAR ACTIVITIES OF HARVARD UNIVERSITY; REPRESENT THE INTERESTS OF THE UNIVERSITY IN SOUTHWEST FLORIDA; AND GENERALLY DO ALL THINGS TO PROMOTE AND ENCOURAGE COMMUNICATIONS BETWEEN HARVARD UNIVERSITY AND ITS ALUMNI ALUMNAE RESIDENT IN ITS CLUB AREA OF COLLIER AND LEE COUNTIES FLORIDA.

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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 $19,475
Program Service Revenue $17,575
Investment Income $17,055
Other Revenue $0
TOTAL REVENUE $54,105

Expense Breakdown

Grants Paid $38,818
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $61,621
Other Expenses $30,028
TOTAL EXPENSES $68,846

Year-over-Year Comparison

2023 2022 Change
Revenue $54,105 $49,321 +0.1%
Expenses $68,846 $46,952 +0.5%
Net Income $-14,741 $2,369 -7.2%
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
15
Independent Members
15
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peggy Lamb President 4.00
Officer Director
$0 $0 $0
David Sissman Vice President 3.00
Officer Director
$0 $0 $0
Karen Schmitt Vice President 3.00
Officer Director
$0 $0 $0
Matthew Temple Treasurer 3.00
Officer Director
$0 $0 $0
Bill Humenuk Secretary 3.00
Officer Director
$0 $0 $0
Cara Blazier Director 2.00
Director
$0 $0 $0
Karl Bourdeau Director 2.00
Director
$0 $0 $0
Lorren Elkins Director 2.00
Director
$0 $0 $0
Michael Feldman Director 2.00
Director
$0 $0 $0
Richard LeBer Director 2.00
Director
$0 $0 $0
Patrick Moran Director 2.00
Director
$0 $0 $0
Francisco Myslicki Director 2.00
Director
$0 $0 $0
Mark Rubin Director 2.00
Director
$0 $0 $0
Danielle Sherwood Director 2.00
Director
$0 $0 $0
Marilynne White 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
2024 $54,105 $68,846 $824,348 $-14,741
2023 $49,321 $46,952 $713,069 $2,369
2022 $63,395 $41,201 $657,438 $22,194
2021 $54,715 $23,959 $745,621 $30,756
2020 $90,935 $63,772 $601,574 $27,163
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