BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOSTON CELEBRATIONS INC C/O CONVENTURES INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $442K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $628K exceeded revenue, resulting in a 42% operating deficit.
BOSTON CELEBRATIONS, INC'S LONG-STANDING MISSION IS TO BUILD AND CELEBRATE DIVERSITY AND COMMUNITY THROUGH THE ARTS, NEW YEAR'S ENTERTAINMENT AND EDUCATION, AND CELEBRATION OF INDEPENDENCE DAY.
IN FULFILLMENT OF ITS MISSION TO BUILD AND CELEBRATE DIVERSITY AND COMMUNITY THROUGH THE ARTS, BOSTON CELEBRATIONS, INC. PRODUCED AN INTERNATIONALLY RENOWNED NEW YEAR'S EVE FESTIVAL AND BOSTON...
IN FULFILLMENT OF ITS MISSION TO BUILD AND CELEBRATE DIVERSITY AND COMMUNITY THROUGH THE ARTS, BOSTON CELEBRATIONS, INC. PRODUCED AN INTERNATIONALLY RENOWNED NEW YEAR'S EVE FESTIVAL AND BOSTON HARBORFEST TO CELEBRATE INDEPENDENCE DAY. SINCE 1975, BOSTON'S FIRST NIGHT FIRST DAY HAS BEEN A NEW YEAR'S CELEBRATION OF ARTISTIC PERFORMANCES, THE WONDERS OF THE SEASON AND THE BEGINNING OF A NEW YEAR. ENTERTAINMENT AND SPECIAL ATTRACTIONS WERE FOCUSED IN COPLEY SQUARE AND BACK BAY; INCLUDING CULTURAL AND MUSICAL PERFORMANCES IN VARIOUS INDOOR VENUES, FANTASTIC ICE SCULPTURES, LIGHT DISPLAYS, THE PEOPLE'S PROCESSION, AND FAMILY FIREWORKS ON BOSTON COMMON. BOSTON HARBORFEST TAKES OVER BOSTON FOR 3-5 DAYS TO CELEBRATE BOSTON'S HISTORY AND MARITIME HERITAGE. IT INCLUDES AN ARTS FESTIVAL, RESTAURANT TASTING AND LIVE ENTERTAINMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $442,379 | $830,336 | -0.5% |
| Expenses | $628,046 | $572,667 | +0.1% |
| Net Income | $-185,667 | $257,669 | -1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS A KERSHAW | PRESIDENT | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATTHEW GAUGHAN | CLERK | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| DAVID COLELLA | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| DAVID CHOATE | ASSISTANT CLERK | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $442,379 | $628,046 | $69,839 | $-185,667 |
| 2024 | $830,336 | $572,667 | $268,884 | $257,669 |
| 2023 | $495,729 | $538,443 | $385,631 | $-42,714 |
| 2022 | $277,538 | $466,454 | $189,841 | $-188,916 |
| 2021 | $14,843 | $33,518 | $169,724 | $-18,675 |
| 2020 | $415,217 | $281,906 | $223,250 | $133,311 |
| 2019 | $319,514 | $330,479 | $225,270 | $-10,965 |
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