PRINCE HENRY SOCIETY SCHOLARSHIP FOUNDATION OF NEW BEDFORD INC (EIN 043130685) - 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

1991

Legal Domicile

Principal Officer

JOSEPH TAVARES

Phone

5089949333

Tax Period

2023-01-01 to 2023-12-31

PRINCE HENRY SOCIETY SCHOLARSHIP FOUNDATION OF NEW BEDFORD INC, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $150K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $66K, a strong 44% operating margin.

Mission

THE ORGANIZATION RENDERS FINANCIAL ASSISTANCE TO THE EDUCATIONAL PROGRAMS OF THE PRINCE HENRY SOCIETY OF MASSACHUSETTS, NEW BEDFORD CHAPTER.

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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 $88,264

Program Service Revenue $0

Investment Income $62,127

Other Revenue $0

TOTAL REVENUE $150,391

Expense Breakdown

Grants Paid $69,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,095

Other Expenses $14,831

TOTAL EXPENSES $84,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,391	$204,754	-0.3%
Expenses	$84,331	$70,935	+0.2%
Net Income	$66,060	$133,819	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GASPAR	DIRECTOR	1.00	Director	$0	$0	$0
AGOSTINHO PINTO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PEREIRA	CLERK	1.00	Director	$0	$0	$0
WAYNE TRAHAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
JOSEPH TAVARES	PRESIDENT	1.00	Director	$0	$0	$0
WILLIAM VIVEIROS	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY MARTIN	TREASURER	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$150,391	$84,331	$1,388,332	$66,060
2022	$204,754	$70,935	$1,181,952	$133,819
2021	$101,298	$69,109	$1,386,405	$32,189
2020	$72,599	$61,953	$1,222,220	$10,646
2019	$156,607	$61,102	$1,056,756	$95,505
2018	$90,237	$61,595	$871,154	$28,642

PRINCE HENRY SOCIETY SCHOLARSHIP FOUNDATION OF NEW BEDFORD INC