GREATER FALL RIVER RE-CREATION COMMITTEE (EIN 042491918) - 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

1971

Legal Domicile

Principal Officer

GRACE GERLING

Phone

5086790922

Tax Period

2023-07-01 to 2024-06-30

GREATER FALL RIVER RE-CREATION COMMITTEE, founded in 1971, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. The organization ran a surplus of $804K, a strong 27% operating margin.

Mission

PUBLIC RECREATION PROGRAMS

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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 $2,814,288

Program Service Revenue $69,834

Investment Income $17,523

Other Revenue $31,978

TOTAL REVENUE $2,933,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,141,439

Fundraising Expenses $15,219

Program Expenses $1,603,811

Other Expenses $987,891

TOTAL EXPENSES $2,129,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,933,623	$2,717,849	+0.1%
Expenses	$2,129,330	$1,991,012	+0.1%
Net Income	$804,293	$726,837	+0.1%

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

250

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

$90,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE GERLING	EXECUTIVE DIRECTOR	40.00	Officer	$84,431	$5,652	$90,083
GREGORY O'DONNELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL FAGGIOLI	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN VIEIRA	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SAM CORDEIRO	TREASURER	1.00	Officer Director	$0	$0	$0
TIMOTHY BURKE	CLERK	1.00	Officer Director	$0	$0	$0
KAYLA BOTELHO	DIRECTOR	1.00	Director	$0	$0	$0
DEPUTY CHIEF CHARLES J CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN GAUVIN	DIRECTOR	1.00	Director	$0	$0	$0
ATTY SEAN HURLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LETENDRE	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY MEDEIROS	DIRECTOR	1.00	Director	$0	$0	$0
RAQUEL PACHECO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PRESTON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TRIPP	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$2,933,623	$2,129,330	$3,802,714	$804,293
2023	$2,717,849	$1,991,012	$3,036,115	$726,837
2022	$2,473,922	$2,207,389	$2,300,068	$266,533
2022	$2,462,199	$2,195,665	$2,300,069	$266,534
2021	$2,150,242	$1,771,424	$2,340,015	$378,818
2020	$1,460,669	$1,462,858	$1,811,055	$-2,189
2019	$1,607,919	$1,421,670	$1,713,649	$186,249
2018	$1,551,987	$1,386,200	$1,524,815	$165,787

GREATER FALL RIVER RE-CREATION COMMITTEE