HIGHER AMBITION LEADERSHIP ALLIANCE INC

EIN: 900875514 501(c)(3) Social Science

BURLINGTON, MA

Total Revenue
$2,053,007
Total Expenses
$1,896,530
Total Assets
$559,844
Net Assets
$171,859
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MA
Principal Officer
NATHANIEL FOOTE
Phone
7813283911
Tax Period
2024-01-01 to 2024-12-31

HIGHER AMBITION LEADERSHIP ALLIANCE INC, founded in 2012, is a community nonprofit in the Social Science sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.9M left a modest 8% surplus.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $219,682
Program Service Revenue $1,533,325
Investment Income $0
Other Revenue $300,000
TOTAL REVENUE $2,053,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $390,681
Fundraising Expenses $138,754
Program Expenses $1,460,624
Other Expenses $1,505,849
TOTAL EXPENSES $1,896,530

Year-over-Year Comparison

2024 2023 Change
Revenue $2,053,007 $2,547,236 -0.2%
Expenses $1,896,530 $1,749,246 +0.1%
Net Income $156,477 $797,990 -0.8%
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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Governance

Voting Members
6
Independent Members
6
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
3
$177,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHANIEL W FOOTE CHAIR, TREASURER, & DIRECTOR 10.00
Officer Director
$0 $0 $0
RUSSELL A EISENSTAT CLERK & DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BEER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD GOCHNAUER DIRECTOR 1.00
Director
$0 $0 $0
EDWARD LUDWIG DIRECTOR 1.00
Director
$0 $0 $0
MARY GENTILE DIRECTOR 1.00
Director
$0 $0 $0
KATHY MACDONALD CO-EXECUTIVE DIRECTOR 20.00
Officer
$145,000 $0 $145,000
THOMAS CUNNINGHAM EXECUTIVE DIRECTOR OF LEADERSHIP PROGRAMMING 40.00
Officer
$32,000 $0 $32,000
IRENE BENSON FINANCE & OFFICE ADMINISTRATOR 40.00
Highest
$56,340 $20,180 $121,081
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 $2,053,007 $1,896,530 $559,844 $156,477
2023 $2,547,236 $1,749,246 $749,997 $797,990
2022 $2,125,782 $2,570,168 $520,928 $-444,386
2021 $3,669,886 $4,307,928 $1,076,909 $-638,042
2020 $3,228,417 $3,100,273 $1,600,133 $128,144
2019 $3,357,883 $3,250,786 $1,226,025 $107,097
2018 $2,475,924 $2,257,430 $1,087,834 $218,494
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