BOSTON HARBOR NOW INC

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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

1995

Legal Domicile

Principal Officer

KATHERINE ABBOTT

Phone

5083773003

Tax Period

2024-04-01 to 2025-03-31

BOSTON HARBOR NOW INC, founded in 1995, is a mid-sized nonprofit in the Environment sector that reported $10.1M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 46% operating margin.

Mission

OUR MISSION IS TO ENSURE THAT THE PEOPLE OF GREATER BOSTON BENEFIT FROM A VIBRANT, RESILIENT, AND INCLUSIVE WATERFRONT, HARBOR, AND ISLANDS; THESE SPACES ARE EQUITABLE, ACCESSIBLE, AND ADAPTED TO CLIMATE CHANGE; AND TO ENSURE OUR PUBLIC, ENVIRONMENTAL, AND ECONOMIC HEALTH AND WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $2,163,368 Revenue: $176,081

BOSTON HARBOR NOW, INC. (BHN), AS THE NON-PROFIT PARTNER OF THE BOSTON HARBOR ISLANDS NATIONAL AND STATE PARK, MANAGES A NUMBER OF OPERATIONS, FACILITIES, AND REVENUE-GENERATING SERVICES TO ENHANCE VISITOR EXPERIENCE AND PROVIDE FUNDING TO SUPPORT THE PARK. MANAGED SERVICES INCLUDE PUBLIC FERRY OPERATIONS, ISLAND-BASED FOOD SERVICE AND PRIVATE EVENTS. IN ADDITION, BHN MANAGES THE MAINLAND PARK WELCOME CENTER LOCATED IN BOSTON ON BEHALF OF THE NATIONAL PARK SERVICE. BHN ALSO ORGANIZES PROGRAMMING, PROVIDES FREE AND REDUCED COST ACCESS TO UNDERSERVED YOUTH AND FAMILIES, AND WORKS WITH MANY COMMUNITY PARTNERS AND NONPROFITS TO INCREASE USE AND APPRECIATION OF THE HARBOR.

Program 2

Expenses: $840,485

BOSTON HARBOR NOW, INC. LEADS HARBORWALK 2.0 TO ENSURE AN ACCESSIBLE, RESILIENT AND EQUITABLE HARBOR THROUGH PLANNING, POLICY, AND ADVOCACY WORK. TO ADDRESS THE DETRIMENTAL EFFECTS OF CLIMATE CHANGE, BOSTON HARBOR NOW WORKS TO REFORM REGULATIONS AND PROCESSES TO EXPEDITE THE IMPLEMENTATION OF RESILIENCE PROJECTS, INCLUDING NATURE-BASED SOLUTIONS ON THE WATERFRONT AND ISLANDS. WE REVIEW ALL MAJOR PUBLIC AND PRIVATE DEVELOPMENT AND INFRASTRUCTURE PROPOSALS ALONG THE BOSTON WATERFRONT TO ENSURE THAT RESILIENCE AND ACCESSIBILITY ARE MAXIMIZED.

Program 3

Expenses: $477,784

BOSTON HARBOR NOW, INC. PROVIDES THOUGHT LEADERSHIP FOR THE HARBOR, WATERFRONT AND ISLANDS, INCREASES AWARENESS ABOUT THE HARBOR, WATERFRONT AND ISLANDS, AND INCREASES ENGAGEMENT WITH THESE PLACES...

BOSTON HARBOR NOW, INC. PROVIDES THOUGHT LEADERSHIP FOR THE HARBOR, WATERFRONT AND ISLANDS, INCREASES AWARENESS ABOUT THE HARBOR, WATERFRONT AND ISLANDS, AND INCREASES ENGAGEMENT WITH THESE PLACES THROUGH PROGRAM PARTICIPATION, AND DIGITAL INTERACTION.

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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 $10,059,619

Program Service Revenue $176,081

Investment Income $150,700

Other Revenue $-264,127

TOTAL REVENUE $10,122,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,586,821

Fundraising Expenses $541,616

Program Expenses $4,092,203

Other Expenses $2,800,111

TOTAL EXPENSES $5,450,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,122,273	$6,077,089	+0.7%
Expenses	$5,450,425	$4,911,917	+0.1%
Net Income	$4,671,848	$1,165,172	+3.0%

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

991

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

$305,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEAGHAN HOOPER-BERDIK	CHAIR	5.00	Officer Director	$0	$0	$0
BOB DELHOME	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ELAINE RICHARDSON	TREASURER	3.00	Officer Director	$0	$0	$0
CATHY STONE	CLERK	3.00	Officer Director	$0	$0	$0
MARY KAY LEONARD	CHAIR, BOARD OF ADVISORS	3.00	Director	$0	$0	$0
GRACE MACOMBER BIRD	DIRECTOR	1.00	Director	$0	$0	$0
KISHORE VARANASI	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
MALIA LAZU	DIRECTOR	1.00	Director	$0	$0	$0
SHELAGH MAHONEY	DIRECTOR	1.00	Director	$0	$0	$0
ANN LAGASSE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MCELWEE	DIRECTOR	1.00	Director	$0	$0	$0
BUD RIS	DIRECTOR	1.00	Director	$0	$0	$0
GREG HERREMA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MINER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE FAY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
NALINI SHARMA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WALKER	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY CARD	DIRECTOR	1.00	Director	$0	$0	$0
DEMETRIOUSE RUSSELL	DIRECTOR (UNTIL 3/2025)	1.00	Director	$0	$0	$0
BOB GOLLEDGE	DIRECTOR (UNTIL 10/2024)	1.00	Director	$0	$0	$0
BETSY WALL	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE ABBOTT	PRESIDENT AND CEO	40.00	Officer	$288,486	$17,229	$305,715
JANINE DAILEY	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$182,411	$9,688	$192,099
ALANKRITA NARANG	CHIEF OPERATING OFFICER	40.00	Highest	$129,234	$12,144	$141,378
JOSEPH CHRISTO	MGMT. DIR., STONE LIVING LAB	40.00	Highest	$128,991	$9,577	$138,568
REBECCA SMERLING	DIRECTOR - PUBLIC PROGRAMS	40.00	Highest	$103,992	$25,448	$129,440
BUTTRA CHRISTIAN MERFELD	DIRECTOR - COMMUNICATIONS	40.00	Highest	$106,661	$19,087	$125,748

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	$10,122,273	$5,450,425	$9,729,333	$4,671,848
2024	$6,077,089	$4,911,917	$4,941,502	$1,165,172
2023	$4,841,932	$5,091,051	$3,760,964	$-249,119
2022	$5,208,606	$4,110,274	$4,066,521	$1,098,332
2021	$3,870,181	$3,651,027	$3,155,873	$219,154
2020	$4,062,624	$3,665,224	$2,720,770	$397,400
2019	$2,544,876	$3,050,699	$2,311,680	$-505,823
2019	$2,912,494	$3,125,809	$2,290,993	$-213,315
2018	$3,039,556	$3,028,531	$2,512,498	$11,025
2018	$3,824,386	$3,170,542	$2,987,673	$653,844