GREATER NEW BEDFORD INDUSTRIAL FOUNDATION DEVELOPMENT CORP (EIN 043291730) - 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

1955

Legal Domicile

Principal Officer

ELIZABETH ISHERWOOD

Phone

5089913122

Tax Period

2020-09-01 to 2021-08-31

GREATER NEW BEDFORD INDUSTRIAL FOUNDATION DEVELOPMENT CORP, founded in 1955, is a micro nonprofit in the Community Improvement sector that reported $12K in total revenue in fiscal year 2020. The organization ran a surplus of $7K, a strong 58% operating margin.

Mission

ENHANCE INDUSTRIAL DEVELOPMENT

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,000

Other Expenses $5,000

TOTAL EXPENSES $5,000

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,000	$12,000	N/A
Expenses	$5,000	$5,000	N/A
Net Income	$7,000	$7,000	N/A

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

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
ELIZABETH ISHERWOOD	CHAIRMAN	2.25	Officer Director	$0	$0	$0
DAVID CABRAL	VICE CHAIR	0.30	Officer Director	$0	$0	$0
JEFF VANCURA	TREASURER	1.20	Officer Director	$0	$0	$0
ROBERT B MITCHELL	SECRETARY	0.35	Officer Director	$0	$0	$0
MELVYN HOLLAND	CHAIRMAN EMERITUS	0.10	Director	$0	$0	$0
PETER ANTHONY	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN CARANDO	DIRECTOR	0.25	Director	$0	$0	$0
RAYMOND L CEBULA	DIRECTOR	0.25	Director	$0	$0	$0
DAVE MARTIN	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN NEUGER	DIRECTOR	0.10	Director	$0	$0	$0
CARL RIBEIRO	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY PAGLIUCA	DIRECTOR	0.25	Director	$0	$0	$0
DONALD RUDNICK	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL TAVARES	DIRECTOR	0.25	Director	$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
2021	$12,000	$5,000	$425,001	$7,000
2020	$12,000	$5,000	$425,001	$7,000
2019	$30,000	$4,510	$425,001	$25,490

GREATER NEW BEDFORD INDUSTRIAL FOUNDATION DEVELOPMENT CORP