V NORTHEAST FISHERY SECTOR INC

EIN: 270247381 Animal-Related

NORTH KINGSTOWN, RI

Total Revenue
$75,762
Total Expenses
$72,529
Total Assets
$16,850
Net Assets
$16,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MA
Principal Officer
CHRISTOPHER T BROWN
Phone
4019320070
Tax Period
2019-01-01 to 2019-12-31

V NORTHEAST FISHERY SECTOR INC, founded in 2009, is a micro nonprofit in the Animal-Related sector that reported $76K in total revenue in fiscal year 2019. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $73K left a modest 4% surplus.

Mission

THE MISSION OF THE ORGANIZATION INCLUDES, BUT IS NOT LIMITED TO, CIVIC, EDUCATIONAL, SCIENTIFIC AND AGRICULTURAL (REGARDING THE HARVESTING OF AQUATIC RESOURCES) ACTIVITIES. THE ORGANIZATION ENGAGES IN THE FORMING OF A SECTOR OF FISHERMEN ("MEMBERS") TO RECEIVE OR ACCEPT AN AGGREGATE ALLOCATION OF FISHING PRIVILEGES TO BE HARVESTED BY MEMBERS. IN ADDITION, IT WILL MANAGE THE HARVEST OF THE AGGREGATE ALLOCATION OF FISHING PRIVILGES AMONG THE MEMBERS, TO ENHANCE THE CONDITIONS OF THE MEMBERS AND THE RELEVANT FISHERIES AND TO IMPROVE THE EFFICIENCY OF HARVEST OF THE RELEVANT FISHERY RESOURCES. FINALLY, THE ORGANIZATION ENCOURAGES RESPONSIBLE FISHING METHODS AND PRACTICES TO CONSERVE FISHERY AND OTHER ENVIRONMENTAL RESOURCES, ADVANCING AND ENSURING SURVIVAL OF SUSTAINABLE FISHERIES, AND PROVIDING OPPORTUNITIES FOR ECONOMICALLY PRACTICAL AND VIABLE ENTRY TO AND EXIT FROM THE RELEVANT FISHERIES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $6,500
Program Service Revenue $62,238
Investment Income $7,024
Other Revenue $0
TOTAL REVENUE $75,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,940
Fundraising Expenses $0
Program Expenses $65,184
Other Expenses $41,589
TOTAL EXPENSES $72,529

Year-over-Year Comparison

2019 2018 Change
Revenue $75,762 $69,553 +0.1%
Expenses $72,529 $58,452 +0.2%
Net Income $3,233 $11,101 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
3
$26,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER T BROWN SR PRESIDENT 2.00
Officer Director
$0 $0 $0
DONALD FOX DIRECTOR 0.25
Director
$0 $0 $0
ROBERT WESTCOTT TREASURER 2.00
Officer Director
$0 $0 $0
RODMAN SYKES DIRECTOR 0.25
Director
$0 $0 $0
DANIEL SALERNO SECRETARY 0.25
Officer
$26,000 $0 $26,000
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
2019 $75,762 $72,529 $16,850 $3,233
2018 $69,553 $58,452 $15,137 $11,101
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