CAPE ANN FISHERIES DEVELOPMENT CORPORATION C/O MASSDEVELOPMENT (EIN 043422217) - 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

1997

Legal Domicile

Principal Officer

WILLIAM GROGAN

Phone

9782831938

Tax Period

2024-07-01 to 2025-06-30

CAPE ANN FISHERIES DEVELOPMENT CORPORATION C/O MASSDEVELOPMENT, founded in 1997, is a small nonprofit in the Unknown sector that reported $615K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 23% operating margin.

Mission

TITLE HOLDING CORP.- SEAFOOD PROCESSING FACILITY

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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 $0

Program Service Revenue $545,960

Investment Income $19,235

Other Revenue $49,493

TOTAL REVENUE $614,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $474,400

TOTAL EXPENSES $474,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$614,688	$480,402	+0.3%
Expenses	$474,400	$522,083	-0.1%
Net Income	$140,288	$-41,681	-4.4%

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
WILLIAM GROGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA WALL	CLERK	1.00	Officer Director	$0	$0	$0
GARY WALKER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID MARSH	DIRECTOR (THRU 5/2025)	1.00	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
2025	$614,688	$474,400	$3,132,270	$140,288
2024	$480,402	$522,083	$3,011,265	$-41,681
2023	$541,803	$407,921	$3,140,467	$133,882
2022	$508,030	$411,054	$3,123,151	$96,976
2021	$463,374	$397,041	$3,121,984	$66,333
2020	$474,890	$421,105	$3,122,898	$53,785
2019	$338,890	$437,131	$3,210,331	$-98,241
2018	$396,055	$427,013	$3,284,603	$-30,958

CAPE ANN FISHERIES DEVELOPMENT CORPORATION C/O MASSDEVELOPMENT