Greater New Bedford Industrial Foundation

EIN: 042186191 501(c)(3)

New Bedford, MA

Total Revenue
$118,416
Total Expenses
$132,676
Total Assets
$695,150
Net Assets
$680,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MA
Principal Officer
Elizabeth Isherwood
Phone
5089913122
Tax Period
2024-09-01 to 2025-08-31

Greater New Bedford Industrial Foundation, founded in 1955, is a small nonprofit that reported $118K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $133K exceeded revenue, resulting in a 12% operating deficit.

Mission

Dedicated to bringing jobs to New Bedford and Dartmouth and focused on facilitating the development and expansion of businesses and the creation of jobs within the New Bedford Business Park, managing and improving the park and acting as an advocate for its tenants.

Program Service Accomplishments

Program 1
Expenses: $130,389 Revenue: $63,096

Dedicated to bringing jobs to New Bedford and Dartmouth and focused on facilitating the development and expansion of businesses and the creation of jobs within the New Bedford Business Park, managing...

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Dedicated to bringing jobs to New Bedford and Dartmouth and focused on facilitating the development and expansion of businesses and the creation of jobs within the New Bedford Business Park, managing and improving the park and acting as an advocate for tenants of the New Bedford Business Park.

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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 $0
Program Service Revenue $83,180
Investment Income $35,236
Other Revenue $0
TOTAL REVENUE $118,416

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $130,389
Other Expenses $122,676
TOTAL EXPENSES $132,676

Year-over-Year Comparison

2024 2023 Change
Revenue $118,416 $101,449 +0.2%
Expenses $132,676 $126,956 +0.0%
Net Income $-14,260 $-25,507 -0.4%
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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
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
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
Michael Tavares Secretary 0.35
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 $118,416 $132,676 $695,150 $-14,260
2024 $101,449 $126,956 $698,998 $-25,507
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
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