Greater Fall River Development Corp (EIN 042171799) - 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

1954

Legal Domicile

Principal Officer

STEVEN KENYON

Phone

5086757770

Tax Period

2024-05-01 to 2025-04-30

Greater Fall River Development Corp, founded in 1954, is a small nonprofit that reported $676K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $430K, a strong 64% operating margin.

Mission

BUSINESS AND JOB DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $676,091

Other Revenue $0

TOTAL REVENUE $676,091

Expense Breakdown

Grants Paid $138,372

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $172,932

Other Expenses $107,463

TOTAL EXPENSES $245,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,091	$528,415	+0.3%
Expenses	$245,835	$2,348,928	-0.9%
Net Income	$430,256	$-1,820,513	-1.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$250

Total Directors

$250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER SAULINO ESQ	CLERK	1.0	Officer Director	$250	$0	$250
PAUL M JONCAS	PRESIDENT	1.0	Officer Director	$0	$0	$0
JASON M RUA	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
PHILIP PELLETIER	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
STEVEN KENYON	TREASURER	1.0	Officer Director	$0	$0	$0
PETER CABRAL	ASSISTANT TREASURER	1.0	Officer Director	$0	$0	$0
JAMES PALUMBO	ASSISTANT CLERK	1.0	Officer Director	$0	$0	$0
F NELSON BLOUNT	DIRECTOR	1.0	Director	$0	$0	$0
BRUCE FERNANDES CPA MST	DIRECTOR	1.0	Director	$0	$0	$0
JAMES P SABRA	DIRECTOR	1.0	Director	$0	$0	$0
MARTIN SCHWALM	DIRECTOR	1.0	Director	$0	$0	$0
R CHRISTIAN LAFRANCE	DIRECTOR	1.0	Director	$0	$0	$0
JAMES WALLACE	DIRECTOR	1.0	Director	$0	$0	$0
KENNETH R REZENDES	DIRECTOR	1.0	Director	$0	$0	$0
MATTHEW BURKE	DIRECTOR	1.0	Director	$0	$0	$0
JEFFREY PAGLIUCA	DIRECTOR	1.0	Director	$0	$0	$0
PAUL CARRIGG	DIRECTOR	1.0	Director	$0	$0	$0
DANIEL ABRAHAM	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL BUSHELL	DIRECTOR	1.0	Director	$0	$0	$0
STEPHEN KARAM	DIRECTOR	1.0	Director	$0	$0	$0
SHAUN O'HEARN JR	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT BOGAN	PAST PRESIDENT	1.0	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
2025	$676,091	$245,835	$9,905,263	$430,256
2024	$528,415	$2,348,928	$9,498,881	$-1,820,513
2023	$641,232	$299,818	$10,771,557	$341,414
2022	$716,852	$315,460	$10,684,852	$401,392
2021	$990,480	$1,236,368	$11,371,721	$-245,888
2020	$355,980	$497,147	$10,649,185	$-141,167
2019	$471,147	$286,244	$11,030,044	$184,903

Greater Fall River Development Corp