BOSTON PUBLIC MARKET ASSOCIATION I… - 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

2001

Legal Domicile

Principal Officer

CHERYL CRONIN

Phone

6179734909

Tax Period

2023-01-01 to 2023-12-31

BOSTON PUBLIC MARKET ASSOCIATION INC, founded in 2001, is a community nonprofit in the Public & Societal Benefit sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

OUR MISSION IS TO CONTINUE TO DEVELOP AND OPERATE A PERMANENT YEAR-ROUND MARKET IN BOSTON AND TO SUPPORT THE FARMERS, FISHERS, AND ENTREPRENEURS WHO GROW, CATCH, AND PRODUCE LOCAL FOOD, AND TO NOURISH OUR COMMUNITY WITH FOOD AND EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $3,007,212 Revenue: $1,403,256

DEVELOPMENT AND OPERATION OF A PERMANENT MARKET -THE BOSTON PUBLIC MARKET ASSOCIATION, INC. IS THE DEVELOPER AND OPERATOR OF THE BOSTON PUBLIC MARKET (BPMA) THAT OPENED IN JULY 2015. BPMA INVESTED...

DEVELOPMENT AND OPERATION OF A PERMANENT MARKET -THE BOSTON PUBLIC MARKET ASSOCIATION, INC. IS THE DEVELOPER AND OPERATOR OF THE BOSTON PUBLIC MARKET (BPMA) THAT OPENED IN JULY 2015. BPMA INVESTED ADDITIONAL RESOURCES IN MARKETING, DEVELOPMENT, SMALL BUSINESS SUPPORT, AND RENT SUBSIDIES FOR ITS PERMANENT VENDORS. ALL ELIGIBLE VENDORS AT THE PERMANENT PUBLIC MARKET ACCEPT HEALTHY INCENTIVES PROGRAM, WIC, AND SENIOR COUPONS. BPMA ALSO OPERATED A SUCCESSFUL SHORT-TERM VENDOR PROGRAM, PROVIDING AN OPPORTUNITY FOR OVER 30 DIFFERENT SMALL FOOD BUSINESSES TO SELL IN THE MARKET ON A WEEKLY BASIS. WITH OVER 1.5 MILLION VISITORS IN 2023, BPMA HAS CONTINUED TO OPERATE THE MARKET AS A PUBLIC, CIVIC SPACE WHERE ALL ARE WELCOME AND EVERY MEMBER OF THE COMMUNITY CAN LEARN MORE ABOUT THE LOCAL FOOD SYSTEM FROM SMALL, INDEPENDENT NEW ENGLAND FOOD BUSINESSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $971,476

Program Service Revenue $1,291,354

Investment Income $0

Other Revenue $470,738

TOTAL REVENUE $2,733,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $796,646

Fundraising Expenses $122,989

Program Expenses $3,007,212

Other Expenses $2,598,604

TOTAL EXPENSES $3,395,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,733,568	$2,523,196	+0.1%
Expenses	$3,395,250	$2,653,685	+0.3%
Net Income	$-661,682	$-130,489	+4.1%

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

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

$286,318

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CLARK	BOARD CHAIR	2.50	Officer Director	$0	$0	$0
MARY JO MEISNER	VICE CHAIR	0.25	Officer Director	$0	$0	$0
ADAM MARGOLIN	TREASURER	0.25	Officer Director	$0	$0	$0
LISA SEBESTA	DIRECTOR	0.25	Director	$0	$0	$0
JAN SAGLIO	DIRECTOR	0.25	Director	$0	$0	$0
KURT HEMR	DIRECTOR	0.25	Director	$0	$0	$0
SAM THAKARAR	DIRECTOR (UNTIL 2023)	0.25	Director	$0	$0	$0
LAUREN K STEIN	DIRECTOR	0.25	Director	$0	$0	$0
DONALD WIEST	DIRECTOR	0.25	Director	$0	$0	$0
MARLO FOGELMAN	DIRECTOR	0.25	Director	$0	$0	$0
PRATT WILEY	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL CRONIN	CEO	40.00	Officer	$275,000	$11,318	$286,318
CHELSEA DOLINER	DIRECTOR OF MARKETING & COMMS.	40.00	Highest	$102,692	$0	$102,692

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	No data	No data	No data	No data
2023	$2,733,568	$3,395,250	$9,795,226	$-661,682
2022	$2,523,196	$2,653,685	$10,512,049	$-130,489
2021	$1,304,589	$2,138,442	$10,519,355	$-833,853
2020	$1,886,168	$2,259,302	$11,449,580	$-373,134
2019	$1,737,815	$2,575,041	$11,582,740	$-837,226
2019	$1,728,994	$2,560,391	$11,641,754	$-831,397
2018	$1,720,268	$2,705,213	$12,249,864	$-984,945

BOSTON PUBLIC MARKET ASSOCIATION INC