Newburyport Waterfront Trust (EIN 223232975) - 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

1991

Legal Domicile

Principal Officer

Matt Pieniazek

Phone

9784629247

Tax Period

2023-07-01 to 2024-06-30

Newburyport Waterfront Trust, founded in 1991, is a small nonprofit that reported $172K in total revenue in fiscal year 2023. The organization ran a surplus of $41K, a strong 24% operating margin.

Mission

Maintaining the Waterfront Park The Organization collects rents and receives contributions to maintain Newburyports Waterfront Park for public use.

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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 $0

Program Service Revenue $163,545

Investment Income $8,095

Other Revenue $0

TOTAL REVENUE $171,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,155

Other Expenses $130,530

TOTAL EXPENSES $130,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,640	$172,039	0.0%
Expenses	$130,530	$131,423	0.0%
Net Income	$41,110	$40,616	+0.0%

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
Matthew Pieniazek	Chairman	4.00	Officer Director	$0	$0	$0
Dan Mello	Secretary	2.00	Officer Director	$0	$0	$0
Leslie Eckholdt	Treasurer	2.00	Officer Director	$0	$0	$0
Mike Sullivan	Vice Chairman	3.00	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	No data	No data	No data	No data
2024	$171,640	$130,530	$2,669,118	$41,110
2023	$172,039	$131,423	$2,628,008	$40,616
2022	$152,879	$138,903	$2,602,462	$13,976
2021	$167,546	$122,157	$2,611,073	$45,389
2020	$115,317	$119,761	$2,543,212	$-4,444
2019	$120,274	$86,569	$2,545,053	$33,705

Newburyport Waterfront Trust