GREATER NEW BEDFORD INDUSTRIAL FOUNDATION (EIN 042186191) - 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

1955

Legal Domicile

Principal Officer

ELIZABETH ISHERWOOD

Phone

5089913122

Tax Period

2022-09-01 to 2023-08-31

GREATER NEW BEDFORD INDUSTRIAL FOUNDATION, founded in 1955, is a small nonprofit that reported $401K in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 26% operating margin.

Mission

TO PROMOTE INDUSTRIAL 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $87,295

Investment Income $313,974

Other Revenue $0

TOTAL REVENUE $401,269

Expense Breakdown

Grants Paid $145,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,049

Other Expenses $150,444

TOTAL EXPENSES $295,444

Year-over-Year Comparison

	2022	2021	Change
Revenue	$401,269	$294,457	+0.4%
Expenses	$295,444	$190,358	+0.6%
Net Income	$105,825	$104,099	+0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH ISHERWOOD	CHAIRMAN	2.25	Officer Director	$0	$0	$0
DAVID CABRAL	VICE CHAIR	0.30	Officer Director	$0	$0	$0
JEFF VANCURA	TREASURER	1.20	Officer Director	$0	$0	$0
ROBERT B MITCHELL	SECRETARY	0.35	Officer Director	$0	$0	$0
MELVYN A HOLLAND	CHAIRMAN EMERITUS	0.10	Director	$0	$0	$0
PETER ANTHONY	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN CARANDO	DIRECTOR	0.25	Director	$0	$0	$0
STEPHEN NEUGER	DIRECTOR	0.10	Director	$0	$0	$0
JEFFREY PAGLIUCA	DIRECTOR	0.25	Director	$0	$0	$0
STEPHANIE POYANT-MORAN	DIRECTOR	0.25	Director	$0	$0	$0
DONALD RUDNICK	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL TAVARES	DIRECTOR	0.25	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	$401,269	$295,444	$884,850	$105,825
2022	$294,457	$190,358	$627,761	$104,099
2021	$85,873	$160,050	$520,448	$-74,177
2020	$95,367	$189,832	$597,610	$-94,465
2019	$84,340	$136,164	$685,524	$-51,824

GREATER NEW BEDFORD INDUSTRIAL FOUNDATION