Waterfront Historic Area League of New Bedford Inc (EIN 046130520) - 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

1962

Legal Domicile

Principal Officer

Diana Henry

Tax Period

2023-01-01 to 2023-12-31

Waterfront Historic Area League of New Bedford Inc, founded in 1962, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

The mission of the Waterfront Historic Area LeaguE (WHALE) is to foster historic preservation and continued use of the citys architectural heritage to enhance community and economic vitality in New Bedford.

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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 $1,037,016

Program Service Revenue $8,582

Investment Income $12,278

Other Revenue $28,895

TOTAL REVENUE $1,086,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,959

Fundraising Expenses $50,945

Program Expenses $951,405

Other Expenses $912,044

TOTAL EXPENSES $1,138,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,086,771	$1,103,377	0.0%
Expenses	$1,138,003	$1,192,331	0.0%
Net Income	$-51,232	$-88,954	-0.4%

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

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
David Wyzenbeek	Director	0.50	Director	$0	$0	$0
Corey Pacheco	Director	0.50	Director	$0	$0	$0
Melissa Costa	Director	0.50	Director	$0	$0	$0
Michael Murray	Director	0.50	Director	$0	$0	$0
Ramon Silva	Director	0.50	Director	$0	$0	$0
Patricia Thornton	Director	0.50	Director	$0	$0	$0
Laura Parrish	Director	0.50	Director	$0	$0	$0
Carl Silva	Director	0.50	Director	$0	$0	$0
Andrew Burnes	Director	0.50	Director	$0	$0	$0
Jeremy Dagold	First Vice President	1.00	Officer Director	$0	$0	$0
Diana Henry	President	2.00	Officer Director	$0	$0	$0
Danielle N Poyant	Asst Treasurer	1.00	Officer Director	$0	$0	$0
Lee Blake	Second Vice President	1.00	Officer Director	$0	$0	$0
Peter Hawes	Asst Secretary & Clerk	1.00	Officer Director	$0	$0	$0
June Goguen	Secretary & Clerk	1.00	Officer Director	$0	$0	$0
Colleen Trahan	Treasurer	1.00	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
2024	No data	No data	No data	No data
2023	$1,086,771	$1,138,003	$2,095,193	$-51,232
2022	$1,103,377	$1,192,331	$2,545,477	$-88,954
2021	$938,473	$1,247,708	$2,546,226	$-309,235
2020	$680,876	$384,492	$2,567,689	$296,384
2019	$1,495,919	$1,281,220	$2,551,269	$214,699
2018	$998,506	$806,183	$2,188,242	$192,323

Waterfront Historic Area League of New Bedford Inc