THE GLOUCESTER FUND INC (EIN 043521016) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

BARRETT S PETT

Phone

9782812822

Tax Period

2024-01-01 to 2024-12-31

THE GLOUCESTER FUND INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $210K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $179K left a modest 15% surplus.

Mission

PROMOTE CIVIC, CULTURAL, EDUCATIONAL, ATHLETIC & BENEVOLENT PURPOSES IN GLOUCESTER, MA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $208,840

Program Service Revenue $0

Investment Income $838

Other Revenue $0

TOTAL REVENUE $209,678

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $0

Fundraising Expenses $388

Program Expenses $172,448

Other Expenses $171,367

TOTAL EXPENSES $178,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,678	$188,469	+0.1%
Expenses	$178,867	$164,230	+0.1%
Net Income	$30,811	$24,239	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRETT S PETT	PRESIDENT & DIRECTOR	20.00	Officer Director	$0	$0	$0
BRENT A TARR	TREASURER & DIRECTOR	5.00	Officer Director	$0	$0	$0
FRANCES MONDELLO	CLERK & DIRECTOR	0.00	Officer Director	$0	$0	$0
EUGENE P MONDELLO JR	DIRECTOR	0.00	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
2024	$209,678	$178,867	$332,330	$30,811
2023	$188,469	$164,230	$326,518	$24,239
2022	$220,205	$143,463	$302,279	$76,742
2021	$260,407	$193,917	$205,037	$66,490
2018	$317,572	$183,045	$243,709	$134,527

THE GLOUCESTER FUND INC