BOSTON SEAMAN'S FRIEND SOCIETY INC

EIN: 042103913 501(c)(3)

CHELSEA, MA

Total Revenue
$436,433
Total Expenses
$405,432
Total Assets
$1,505,703
Net Assets
$1,489,758
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
MA
Principal Officer
JOHN MULLOY
Phone
6178893222
Tax Period
2024-01-01 to 2024-12-31

BOSTON SEAMAN'S FRIEND SOCIETY INC, founded in 1922, is a small nonprofit that reported $436K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $405K left a modest 7% surplus.

Mission

CHRISTIAN CHURCH MINISTRY OF CARE, COMPASSION AND HOSPITALITY TO INTERNATIONAL MARITIME CREWS AWAY FROM HOME DURING THEIR VISIT TO PORTS IN NEW ENGLAND. SHIP VISITING IS CENTRAL TO THE MISSION. MATERIALS INCLUDING CELL PHONE ACCESS, PERSONAL CARE ITEMS, CLOTHING AND HATS.

Program Service Accomplishments

Program 1
Expenses: $379,860

VISIT FOREIGN SHIP SEAMAN TO PROVIDE SPIRTUAL COMFORT AND SUPPORT

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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 $158,252
Program Service Revenue $0
Investment Income $271,241
Other Revenue $6,940
TOTAL REVENUE $436,433

Expense Breakdown

Grants Paid $0
Salaries & Benefits $246,260
Fundraising Expenses $0
Program Expenses $379,860
Other Expenses $159,172
TOTAL EXPENSES $405,432

Year-over-Year Comparison

2024 2023 Change
Revenue $436,433 $258,829 +0.7%
Expenses $405,432 $276,576 +0.5%
Net Income $31,001 $-17,747 -2.7%
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

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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
8
Independent Members
8
Employees
8
Volunteers
8

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
$84,615
Total Directors
7
$84,615
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MULLOY PRESIDENT 2.00
Officer Director
$0 $0 $0
THOMAS WILLOUGHBY DIRECTOR 2.00
Director
$0 $0 $0
CHARLES ITZ TREASURER 4.00
Officer Director
$0 $0 $0
RONALD STRAUSS DIRECTOR 2.00
Director
$0 $0 $0
CHESTER D HOOPER DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY ROBIE DIRECTOR 2.00
Director
$0 $0 $0
DAVID J HULSE CLERK 30.00
Officer Director
$84,615 $0 $84,615
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 $436,433 $405,432 $1,505,703 $31,001
2023 $258,829 $276,576 $1,518,196 $-17,747
2022 $240,156 $229,651 $1,537,109 $10,505
2021 $338,396 $254,040 $1,894,286 $84,356
2020 $180,946 $188,676 $1,755,392 $-7,730
2019 $183,788 $164,737 $1,580,955 $19,051
2018 $258,914 $202,674 $1,398,526 $56,240
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