Boston Seamans Friend Society Inc (EIN 042103913) - Form 990 Financial Analysis & Trantor Score

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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

1922

Legal Domicile

Principal Officer

John Mulloy

Phone

7816704783

Tax Period

2023-01-01 to 2023-12-31

Boston Seamans Friend Society Inc, founded in 1922, is a small nonprofit that reported $259K in total revenue in fiscal year 2023. Net assets of $1.3M represent 61 months of operating reserves.

Mission

Christian church Ministry of care, compassion and hospitality to international martime 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

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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 $249,490

Program Service Revenue $0

Investment Income $0

Other Revenue $9,339

TOTAL REVENUE $258,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,438

Fundraising Expenses $0

Program Expenses $82,113

Other Expenses $87,138

TOTAL EXPENSES $276,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,829	$240,156	+0.1%
Expenses	$276,576	$229,651	+0.2%
Net Income	$-17,747	$10,505	-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

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

Employees

Volunteers

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

$36,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ida Macrae	Executive Dir.	30.00	Officer	$36,696	$0	$36,696
Stephen Dodge	Clerk Secretary	2.00	Officer Director	$0	$0	$0
Eric Gagnon	Director	1.00	Director	$0	$0	$0
Chester Hooper	Director	1.00	Director	$0	$0	$0
Charles Itz	Treasurer	4.00	Officer Director	$0	$0	$0
John Mulloy	Chair President	2.00	Officer Director	$0	$0	$0
Jeffrey Robie	Director	1.00	Director	$0	$0	$0
Andrew Wandell	Director	1.00	Director	$0	$0	$0
Thomas Willoughby	Vice Chair Pres	1.00	Officer 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
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

Boston Seamans Friend Society Inc