New England Fishery Management Cou… - Form 990 Financial Data

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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

Principal Officer

Cate O'Keefe

Phone

9784650492

Tax Period

2024-01-01 to 2024-12-31

New England Fishery Management Council, founded in 1976, is a community nonprofit in the Animal-Related sector that reported $5.3M in total revenue in fiscal year 2024. Expenses of $5.1M left a modest 4% surplus.

Mission

The Council is authorized to prepare, monitor and revise fishery management plans and data collection programs for domestic and foreign fishing within the 200-mile U.S. Exclusive Economic Zone (EEZ). This is done with approval and implementation by the Secretary of Commerce.

Program Service Accomplishments

Program 1

Expenses: $4,304,986 Revenue: $0

The NEFMC was created by the Magnuson Fishery Act of 1976. The purpose of the organization is to prepare and monitor fishery management plans with respect to each fishery in its geographical area of...

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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 $5,321,864

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,321,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,727,649

Fundraising Expenses $0

Program Expenses $4,304,986

Other Expenses $1,406,038

TOTAL EXPENSES $5,133,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,321,864	$5,221,697	+0.0%
Expenses	$5,133,687	$5,218,591	0.0%
Net Income	$188,177	$3,106	+59.6%

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

$340,104

Total Directors

$310,168

Key Employees

$189,786

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Keliher	Council Member	10.00	Director	$0	$0	$0
Melanie Griffin	Council Member	10.00	Director	$0	$0	$0
John Pappalardo	Council Member	10.00	Director	$22,074	$0	$22,074
Scott Olszewski	Council Member	10.00	Director	$0	$0	$0
Peter Aarrestad	Council Member	10.00	Director	$0	$0	$0
Cheri Patterson	Council Member	10.00	Director	$0	$0	$0
Michael Pentony	Council Member	10.00	Director	$0	$0	$0
Alan Tracy	Council Member	10.00	Director	$16,414	$0	$16,414
Daniel McKiernan	Council Member	10.00	Director	$0	$0	$0
Matthew Gates	Council Member	10.00	Director	$0	$0	$0
Daniel Salerno	Council Member	10.00	Director	$35,658	$0	$35,658
Terrence Gray	Council Member	10.00	Director	$0	$0	$0
Kristin Brawn	Council Member	10.00	Director	$11,320	$0	$11,320
Geoffrey Smith	Council Member	10.00	Director	$9,622	$0	$9,622
Mark Alexander	Council Member	10.00	Director	$13,584	$0	$13,584
Michael Pierdinock	Council Member	10.00	Director	$24,904	$0	$24,904
Megan Ware	Council Member	10.00	Director	$0	$0	$0
Moira Kelly	Council Member	10.00	Director	$0	$0	$0
Renee Zobel	Council Member	10.00	Director	$0	$0	$0
Eric Hansen	Council Member	10.00	Director	$20,376	$0	$20,376
Peter Whelen	Council Member	10.00	Director	$16,414	$0	$16,414
Jackie Odell	Council Member	10.00	Director	$19,244	$0	$19,244
Ted Platz	Council Member	10.00	Director	$15,282	$0	$15,282
Bill Lucey	Council Member	10.00	Director	$14,716	$0	$14,716
Richard J Bellavance	Chairman	10.00	Officer Director	$47,544	$0	$47,544
Eric Reid	Former Chairman	10.00	Officer Director	$43,016	$0	$43,016
Cate O'Keefe	Executive Director	40.00	Officer	$182,216	$67,328	$249,544
Christopher Kellogg	Former Deputy Director	40.00	Key Emp	$147,991	$41,795	$189,786
Margaret Bernier	Adminstrative Officer	40.00	Highest	$182,880	$58,660	$241,540
Andrew Applegate	Senior Fishery Analyst	40.00	Highest	$166,120	$65,524	$231,644
Janice Plante	Public Affairs Officer	40.00	Highest	$137,227	$35,465	$172,692
Michelle Bachman	Fishery Analyst	40.00	Highest	$134,357	$74,027	$208,384
Jamie Cournane	Fishery Analyst	40.00	Highest	$133,667	$60,891	$194,558

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	$5,321,864	$5,133,687	$1,301,832	$188,177
2023	$5,221,697	$5,218,591	$1,329,253	$3,106
2022	$4,717,125	$4,718,391	$1,333,341	$-1,266
2021	$4,054,851	$4,100,064	$1,318,657	$-45,213
2020	$4,298,613	$4,287,271	$1,321,485	$11,342
2019	$4,205,916	$4,702,442	$1,245,723	$-496,526
2018	$5,073,336	$4,560,714	$1,690,255	$512,622

New England Fishery Management Council