WEATHERVANE SEAFOODS WELFARE TRUST

EIN: 016129359

KITTERY, ME

Total Revenue
$74,636
Total Expenses
$198,772
Total Assets
$2,685
Net Assets
$2,685
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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
1989
Legal Domicile
ME
Principal Officer
TARA REYNOLDS
Phone
2074390335
Tax Period
2022-01-01 to 2022-12-31

WEATHERVANE SEAFOODS WELFARE TRUST, founded in 1989, is a micro nonprofit that reported $75K in total revenue in fiscal year 2022. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $199K exceeded revenue, resulting in a 166% operating deficit.

Mission

VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $74,636
Investment Income $0
Other Revenue $0
TOTAL REVENUE $74,636

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $198,772
Other Expenses $198,772
TOTAL EXPENSES $198,772

Year-over-Year Comparison

2022 2021 Change
Revenue $74,636 $367,280 -0.8%
Expenses $198,772 $267,452 -0.3%
Net Income $-124,136 $99,828 -2.2%
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
1
Independent Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY GAGNER TRUSTEE 0.50
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
2022 $74,636 $198,772 $2,685 $-124,136
2021 $367,280 $267,452 $126,820 $99,828
2020 $597,130 $653,777 $26,992 $-56,647
2019 $512,736 $477,495 $83,639 $35,241
2018 $493,620 $481,198 $48,398 $12,422
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