New Bedford Port Society (EIN 042239744) - 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

1830

Legal Domicile

Principal Officer

Philip Oliveira

Phone

5089923295

Tax Period

2024-01-01 to 2024-12-31

New Bedford Port Society, founded in 1830, is a small nonprofit that reported $447K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $393K left a modest 12% surplus.

Mission

Serving the maritime community for over 191 years, the Seamens Bethel is also the site of dozens of weddings, christenings, and memorial services each year. Our Society provides a venue to honor New Bedfords fishermen as a worldwide tourist destination.

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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 $134,526

Program Service Revenue $71,064

Investment Income $244,648

Other Revenue $-2,900

TOTAL REVENUE $447,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,538

Fundraising Expenses $12,455

Program Expenses $304,711

Other Expenses $308,042

TOTAL EXPENSES $392,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,338	$749,047	-0.4%
Expenses	$392,580	$390,125	+0.0%
Net Income	$54,758	$358,922	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Brian Rothschild	Director	Director	$0	$0	$0
Philip Beauregard	Director	Director	$0	$0	$0
Hon Armand Fernandes	Director	Director	$0	$0	$0
Richard Fabio	Director	Director	$0	$0	$0
Fred Toomey	Director	Director	$0	$0	$0
William Clark	Director	Director	$0	$0	$0
E Jeffrey Pontiff	Director	Director	$0	$0	$0
Peter Haley	Director	Director	$0	$0	$0
Charles Cotter	Director	Director	$0	$0	$0
Thomas P Walsh	Director	Director	$0	$0	$0
Joseph S Finnerty	Director	Director	$0	$0	$0
Jesse St Gervais	Director	Director	$0	$0	$0
Christopher Hendricks	Director	Director	$0	$0	$0
Roy Enoksen	Director	Director	$0	$0	$0
Peter Anthony	Director	Director	$0	$0	$0
Philip Oliveira	President	Officer Director	$0	$0	$0
Paul J Stubbs	Treasurer	Officer Director	$0	$0	$0
Timothy Walker	2nd Vice President	Officer Director	$0	$0	$0
David Duggan	1st Vice President	Officer Director	$0	$0	$0
Matthew Downey	Clerk	Officer Director	$0	$0	$0
Loring Weeks	Asst Clerk	Officer Director	$0	$0	$0
Bruce Oliveira	Asst Treasurer	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
2024	$447,338	$392,580	$7,511,645	$54,758
2024	$749,047	$390,125	$6,524,824	$358,922
2023	$693,806	$311,669	$6,195,942	$382,137
2022	$240,067	$160,669	$5,783,931	$79,398
2021	$488,251	$129,674	$6,396,471	$358,577
2020	$292,635	$129,583	$5,984,420	$163,052
2019	$450,330	$153,829	$5,745,480	$296,501
2018	$511,267	$133,604	$5,414,325	$377,663

New Bedford Port Society