MASSACHUSETTS LOBSTERMEN'S ASSOC INC (EIN 042587614) - 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

1963

Legal Domicile

Principal Officer

DAVID CASONI

Phone

7815456984

Tax Period

2023-07-01 to 2024-06-30

MASSACHUSETTS LOBSTERMEN'S ASSOC INC, founded in 1963, is a small nonprofit that reported $765K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $940K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE PROMOTION OF CONSERVATION IN LOBSTER FISHERIES, THE ENCOURAGEMENT OF ENFORCEMENT OF MARINE FISHERIES LAWS, THE ENCOURAGEMENT OF SOUND ECONOMICAL PRACTICES, THE PROMOTION OF COOPERATION AND AN EXCHANGE OF IDEAS AMONG LOBSTERMEN, AND THE SPONSORSHIP AND ADMINISTRATION OF EDUCATIONAL AND OTHER 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 $58,808

Program Service Revenue $720,653

Investment Income $2

Other Revenue $-14,073

TOTAL REVENUE $765,390

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $213,113

Fundraising Expenses $0

Other Expenses $723,593

TOTAL EXPENSES $939,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$765,390	$872,840	-0.1%
Expenses	$939,706	$636,522	+0.5%
Net Income	$-174,316	$236,318	-1.7%

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

N/A

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

$311,981

Total Directors

$321,056

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR SAWYER JR	PRESIDENT	3.00	Officer Director	$6,220	$0	$7,996
DAVID CASONI	SECRETARY/TREASURER	3.00	Officer Director	$3,366	$0	$6,549
WILLIAM LISTER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$12,310
JARRETT DRAKE	VICE PRESIDENT	3.00	Officer Director	$142,513	$0	$145,538
ELIZABETH CASONI	EXECUTIVE DIRECTOR	40.00	Officer Director	$128,234	$11,354	$139,588
MARK RING	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM SOUZA	DIRECTOR	3.00	Director	$0	$0	$0
STEVEN HOLLER	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT WARD	DIRECTOR	3.00	Director	$0	$0	$0
BOB NIHTILA	DIRECTOR	3.00	Director	$0	$0	$3,025
MIKE BARTLETT	DIRECTOR	3.00	Director	$0	$0	$0
TOM TOMKIEWICZ	DIRECTOR	3.00	Director	$0	$0	$0
ERIC LORENTZEN	DIRECTOR	3.00	Director	$0	$0	$3,025
WILLIAM OGG	DIRECTOR	3.00	Director	$0	$0	$0
DAVE MAGEE	DIRECTOR	3.00	Director	$0	$0	$3,025

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	$765,390	$939,706	$617,840	$-174,316
2023	$872,840	$636,522	$762,150	$236,318
2022	$442,628	$455,768	$547,248	$-13,140
2021	$667,385	$633,824	$633,716	$33,561
2020	$624,664	$633,918	$780,649	$-9,254
2019	$376,505	$353,253	$587,580	$23,252
2018	$306,456	$366,183	$563,255	$-59,727

MASSACHUSETTS LOBSTERMEN'S ASSOC INC