CAPE ANN COMMERCIAL FISHERMEN'S LOAN FUND INC

EIN: 042588840

GLOUCESTER, MA

Total Revenue
$3,770
Total Expenses
$6,384
Total Assets
$98,728
Net Assets
$79,257
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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
1976
Legal Domicile
MA
Principal Officer
ROCHELLE GENOVESE
Phone
9782832959
Tax Period
2024-07-01 to 2025-06-30

CAPE ANN COMMERCIAL FISHERMEN'S LOAN FUND INC, founded in 1976, is a micro nonprofit that reported $4K in total revenue in fiscal year 2024. Expenses of $6K exceeded revenue, resulting in a 69% operating deficit.

Mission

PROVIDE BUSINESS LOANS TO THOSE IN THE COMMERICAL FISHING INDUSTRY WHO ARE UNABLE TO OBTAIN TRADITIONAL FINANCING.

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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 $0
Investment Income $3,770
Other Revenue $0
TOTAL REVENUE $3,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,384
Other Expenses $6,384
TOTAL EXPENSES $6,384

Year-over-Year Comparison

2024 2023 Change
Revenue $3,770 $3,500 +0.1%
Expenses $6,384 $4,198 +0.5%
Net Income $-2,614 $-698 +2.7%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARMAND APARO PRESIDENT 0.50
Officer Director
$0 $0 $0
ROCHELLE GENOVESE TREASURER 0.50
Officer Director
$0 $0 $0
SCOTT MEMHARD CLERK 0.50
Officer Director
$0 $0 $0
JOSEPH ORLANDO DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM MUNIZ DIRECTOR 0.50
Director
$0 $0 $0
AL COTTONE DIRECTOR 0.50
Director
$0 $0 $0
MARK RING VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MICHAEL FRONTIERO DIRECTOR 0.50
Director
$0 $0 $0
MARYANN BLAND ASSISTANT TREASURER 0.50
Officer Director
$0 $0 $0
ARMAND APARO DIRECTOR 0.50
Director
$0 $0 $0
RICHARD BURGESS DIRECTOR 0.50
Director
$0 $0 $0
PETER MONDELLO DIRECTOR 0.50
Director
$0 $0 $0
FRANK ROSE DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY GROSS DIRECTOR 0.50
Director
$0 $0 $0
NICK GIACALONE DIRECTOR 0.50
Director
$0 $0 $0
FRANCESCO PAUL VITALE DIRECTOR 0.50
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 $3,770 $6,384 $98,728 $-2,614
2024 $3,500 $4,198 $97,742 $-698
2023 $255 $4,043 $98,440 $-3,788
2022 $2,438 $9,248 $102,225 $-6,810
2021 $3,986 $5,668 $689,515 $-1,682
2020 $14,078 $13,849 $689,069 $229
2019 $16,693 $16,419 $683,739 $274
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