FALL RIVER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)JOBS FOR FALL RIVER INC, founded in 1978, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 215% operating deficit.
THE ORGANIZATION'S MISSION IS TO PROMOTE PROSPERITY AND THE GENERAL WELFARE OF THE CITIZENS OF THE CITY OF FALL RIVER BY STIMULATING ECONOMIC AND INDUSTRIAL GROWTH AND EXPANSION IN THE AREA TO INCLUDE THE CITY OF FALL RIVER AND THE TOWNS OF FREETOWN, SOMERSET AND WESTPORT.
PROPERTY DEVELOPMENT ACTIVITIES: THE REFURBISHMENT AND OPERATION OF A HISTORIC DOWNTOWN BUILDING DEVELOPED AS COMMERCIAL, RETAIL AND/OR CAMPUS SPACE. LOCATED IN AN ECONOMICALLY CHALLENGED AREA OF...
PROPERTY DEVELOPMENT ACTIVITIES: THE REFURBISHMENT AND OPERATION OF A HISTORIC DOWNTOWN BUILDING DEVELOPED AS COMMERCIAL, RETAIL AND/OR CAMPUS SPACE. LOCATED IN AN ECONOMICALLY CHALLENGED AREA OF FALL RIVER (THE "CITY") WITH THE INTENTION OF PROVIDING ECONOMIC DEVELOPMENT AND RECOVERY.
LENDING PROGRAMS, ORIGINATING FROM FEDERAL AND PRIVATE GRANTS OR LOANS: THE ORGANIZATION MAKES LOANS TO ELIGIBLE LOCAL BUSINESSES.
PROPERTY RESTORATION ACTIVITIES: AT ITS INCEPTION, IT WAS TO RESTORE AND PRESERVE THE LINCOLN PARK CAROUSEL, A PHILADELPHIA TOBOGGAN COMPANY CAROUSEL CONSTRUCTED IN 1920. THE CAROUSEL WAS FULLY...
PROPERTY RESTORATION ACTIVITIES: AT ITS INCEPTION, IT WAS TO RESTORE AND PRESERVE THE LINCOLN PARK CAROUSEL, A PHILADELPHIA TOBOGGAN COMPANY CAROUSEL CONSTRUCTED IN 1920. THE CAROUSEL WAS FULLY RESTORED AND OPERATIONAL IN 1985. THIS LOCAL LANDMARK WAS PLACED AT THE CITY'S WATERFRONT NEXT TO BATTLESHIP COVE. EFFECTIVE JULY 1, 2021, THE CAROUSEL WILL BE LEASED AND OPERATED BY FALL RIVER CAROUSEL CREAMERY. REVENUES DERIVED FROM ITS OPERATION ARE KEPT AND REPORTED BY THE UMMC AND APPLIED TO THEIR COSTS OF OPERATIONS.
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 | $1,013,688 | $1,120,696 | -0.1% |
| Expenses | $3,191,833 | $1,645,705 | +0.9% |
| Net Income | $-2,178,145 | $-525,009 | +3.1% |
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 |
|---|---|---|---|---|---|---|
| BRUCE FERNANDES | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| CARLOS A DACUNHA | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANCISCO J CABRAL | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| FRANK MARCHIONE | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRED M FRANCO | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| JAMES M KARAM | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES P SABRA | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| JAMES WALLACE | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| JANNA LAFRANCE | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| KENNETH R REZENDES | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| MARIA FERREIRA-BEDARD | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| MARK CORDEIRO | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL BENEVIDES | MEMBER AT LARGE (OUTGOING) | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL BUSHELL | MEMBER AT LARGE (OUTGOING) | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL LUND | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHELLE PELLETIER | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| PAUL C BURKE | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| PAUL S MEDEIROS | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| REBECCA COLLINS | MEMBER AT LARGE (OUTGOING) | 0.50 |
Director
|
$0 | $0 | $0 |
| ROBERT MONGEON | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| ROBIN HODKINSON | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| RON RUSIN | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SAMUEL CORDEIRO | MEMBER AT LARGE (AS OF 4/25) | 0.50 |
Director
|
$0 | $0 | $0 |
| STEPHANIE MANCINI | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| TIMOTHY CHAVES | MEMBER AT LARGE | 0.50 |
Director
|
$0 | $0 | $0 |
| KENNETH FIOLA | EXECUTIVE VICE PRESIDENT | 40.00 |
Officer
|
$321,420 | $12,146 | $333,566 |
| LYNN OLIVEIRA | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$112,155 | $32,745 | $144,900 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,013,688 | $3,191,833 | $7,678,698 | $-2,178,145 |
| 2024 | $1,120,696 | $1,645,705 | $10,067,879 | $-525,009 |
| 2023 | $1,157,861 | $1,317,473 | $10,598,026 | $-159,612 |
| 2022 | $1,626,254 | $1,476,517 | $10,855,631 | $149,737 |
| 2021 | $2,763,476 | $1,156,459 | $11,824,089 | $1,607,017 |
| 2020 | $662,906 | $1,068,814 | $10,298,907 | $-405,908 |
| 2019 | $568,192 | $1,207,666 | $10,602,274 | $-639,474 |
| 2018 | $1,193,459 | $1,320,904 | $12,016,770 | $-127,445 |
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