MASSACHUSETTS FISHERMEN'S PARTNERSHIP

EIN: 043302036

GLOUCESTER, MA

Total Revenue
$609,904
Total Expenses
$614,326
Total Assets
$268,149
Net Assets
$258,487
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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
1996
Legal Domicile
MA
Principal Officer
EDWARD BARRETT
Phone
9782824847
Tax Period
2020-01-01 to 2020-12-31

MASSACHUSETTS FISHERMEN'S PARTNERSHIP, founded in 1996, is a small nonprofit that reported $610K in total revenue in fiscal year 2020. Revenue decreased 14% compared to the prior year.

Mission

WORKING IN PARTNERSHIP TO PROTECT OUR ECOLOGICAL AND COMMUNITY WELL-BEING, THE MASSACHUSETTS FISHERMEN'S PARTNERSHIP PLEDGES MUTUAL SUPPORT TO PRESERVE THE LIVING HERITAGE OF FISHING FAMILIES BY PROMOTING THE COMMON INTERESTS AND ECONOMIC VIABILITY OF COMMERCIAL FISHERMEN OF ALL SECTORS. FURTHERMORE, WE AGREE TO COLLABORATE WITH THOSE IN OTHER STATES AND NATIONS WHO ARE COMMITTED TO COMPARABLE GOALS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $609,666
Investment Income $238
Other Revenue $0
TOTAL REVENUE $609,904

Expense Breakdown

Grants Paid $0
Salaries & Benefits $502,165
Fundraising Expenses $0
Program Expenses $508,127
Other Expenses $112,161
TOTAL EXPENSES $614,326

Year-over-Year Comparison

2020 2019 Change
Revenue $609,904 $711,826 -0.1%
Expenses $614,326 $782,831 -0.2%
Net Income $-4,422 $-71,005 -0.9%
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

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Governance

Voting Members
14
Independent Members
14
Employees
10
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
5
$80,722
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA SANFILIPPO EXECUTIVE DI 40.00
Officer
$74,844 $5,878 $80,722
WILLIAM ADLER DIRECTOR 1.00
Director
$0 $0 $0
EDWARD BARRETT PRESIDENT 2.00
Officer Director
$0 $0 $0
RONALD BORJESON DIRECTOR 1.00
Director
$0 $0 $0
GAETANO BRANCALEONE DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL CLEARY DIRECTOR 1.00
Director
$0 $0 $0
JOHN HAVILAND VICE PRESIDE 2.00
Officer Director
$0 $0 $0
TODD JESSE DIRECTOR 1.00
Director
$0 $0 $0
RAYMOND KANE DIRECTOR 1.00
Director
$0 $0 $0
JAMES KENDALL DIRECTOR 1.00
Director
$0 $0 $0
FRANK MIRARCHI DIRECTOR 1.00
Director
$0 $0 $0
KAREN MURDOCK DIRECTOR 1.00
Director
$0 $0 $0
JACKIE ODELL SECRETARY 2.00
Officer Director
$0 $0 $0
PAUL THERIAULT DIRECTOR 1.00
Director
$0 $0 $0
PAUL VITALE TREASURER 2.00
Officer 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
2020 $609,904 $614,326 $268,149 $-4,422
2019 $711,826 $782,831 $298,569 $-71,005
2018 $688,713 $655,438 $368,365 $33,275
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