GLOUCESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE ORGANIZATION'S MISSION IS TO PROMOTE CIVIC, CULTURAL, EDUCATIONAL, ATHLETIC AND BENEVOLENT PURPOSES OR ACTIVITIES IN BENEFIT OF THE CITIZENS OF GLOUCESTER, MASSACHUSETTS. ITS MOTTO IS "PARTNERING WITH THE COMMUNITY TO BENEFIT THE COMMUNITY".
DURING 2024, THE ORGANIZATION CONTINUED ITS SUPPORT FOR AND ON-GOING PRESENTATION OF CIVIC EVENTS FOR THE CITY OF GLOUCESTER, INCLUDING SUMMERTIME CONCERTS AND U.S. FLAGS DISPLAY, JULY 4TH AND LABOR...
DURING 2024, THE ORGANIZATION CONTINUED ITS SUPPORT FOR AND ON-GOING PRESENTATION OF CIVIC EVENTS FOR THE CITY OF GLOUCESTER, INCLUDING SUMMERTIME CONCERTS AND U.S. FLAGS DISPLAY, JULY 4TH AND LABOR DAY FIREWORKS,THE CITY'S UNIQUE FISHTOWN HORRIBLES PARADE, A KIDS HALLOWEEN FESTIVAL, THE CITY'S CHRISTMAS TREE DISPLAY, SANTA PARADE AND A HOLIDAY HISTORIC AREA WALK.
DURING 2024, THE ORGANIZATION CONTINUED ITS ON-GOING SUPPORT OF THE GLOUCESTER POLICE DEPARTMENT'S COMMUNITY IMPACT UNIT, WHICH ADMINISTERS AN INNOVATIVE KOPS-N-KIDS COMMUNITY OUTREACH PROGRAM AIMED...
DURING 2024, THE ORGANIZATION CONTINUED ITS ON-GOING SUPPORT OF THE GLOUCESTER POLICE DEPARTMENT'S COMMUNITY IMPACT UNIT, WHICH ADMINISTERS AN INNOVATIVE KOPS-N-KIDS COMMUNITY OUTREACH PROGRAM AIMED AT BUILDING POSITIVE RELATIONSHIPS BETWEEN GLOUCESTER CHILDREN AND POLICE OFFICERS. THE UNIT ALSO PROVIDES SUBSTANCE ABUSE RECOVERY TRAINING CLASSES RUN BY PROFESSIONAL RECOVERY COACHES.
DURING 2024, THE ORGANIZATION'S THIRD LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS SUPPORT OF THE CITY OF GLOUCESTER'S HISTORIC AND CULTURAL HERITAGE. THE ORGANIZATION SUPPORTED A PROGRAM WITH A GOAL...
DURING 2024, THE ORGANIZATION'S THIRD LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS SUPPORT OF THE CITY OF GLOUCESTER'S HISTORIC AND CULTURAL HERITAGE. THE ORGANIZATION SUPPORTED A PROGRAM WITH A GOAL TO PRODUCE TEN PUBLIC ART MURALS IN VARIOUS LOCATIONS AROUND THE CITY. IT ALSO CONTINUED A PROJECT TO RESTORE BRONZE PLAQUES WHICH COMMEMORATE THE CITY'S HISTORIC IDENTITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare THE GLOUCESTER FUND INC with other nonprofits in Massachusetts and across the country.