MASSACHUSETTS FISHERMEN'S PARTNERS… - Form 990 Financial Data

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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

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

MFP PROVIDES A VARIETY OF SERVICES RELATED TO OUTREACH AND ENROLLMENT IN HEALTH PLANS FOR FISHING FAMILIES, PROMOTION OF OTHER ECONOMIC DEVELOPMENT STRATEGIES TO BENEFIT MASSACHUSETTS COMMERCIAL FISHERMEN, AND THE DEVELOPMENT OF A PROGRAM AIMED AT ASSESSING AND IMPROVING FISHERIES SCIENCE AND MANAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $508,127 Revenue: $609,666

PROVIDE OUTREACH FOR FISHERMEN SAFETY TRAINING, OUTREACH AND ASSISTANCE TO MEMBERS OF THE FISHING INDUSTRY TO ENROLL IN THE AFFORDABLE CARE ACT SPECIFICALLY TO THE MA HEALTH CONNECTOR AND PROVIDE...

PROVIDE OUTREACH FOR FISHERMEN SAFETY TRAINING, OUTREACH AND ASSISTANCE TO MEMBERS OF THE FISHING INDUSTRY TO ENROLL IN THE AFFORDABLE CARE ACT SPECIFICALLY TO THE MA HEALTH CONNECTOR AND PROVIDE WELLNESS PROGRAMS TO MEMBERS OF THE FISHING INDUSTRY.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$80,722

Total Directors

Key Employees

Highest Compensated

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

MASSACHUSETTS FISHERMEN'S PARTNERSHIP