WELLFLEET SHELLFISH PROMOTION AND … - 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

2002

Legal Domicile

Principal Officer

NANCY O'CONNELL

Phone

5083493499

Tax Period

2024-01-01 to 2024-12-31

WELLFLEET SHELLFISH PROMOTION AND TASTING INC, founded in 2002, is a small nonprofit in the Animal-Related sector that reported $883K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $153K, a strong 17% operating margin.

Mission

THE ORGANIZATION IS DEVOTED TO PRESERVING, PROTECTING AND PROMOTING WELLFLEET, MASSACHUSETTS' SHELLFISHING AND AQUACULTURE INDUSTRIES.

Program Service Accomplishments

Program 1

Expenses: $259,762

SPONSORSHIP AND AWARENESS BUILDING PROGRAMS TO PROMOTE THE SHELLFISHING INDUSTRY IN WELLFLEET, MASSACHUSETTS.

Program 2

GRANTS AWARDED TO STUDENTS PURSUING CAREERS IN THE MARINE SCIENCES AND COMMUNITY GRANTS TO THOSE WHOSE EDUCATIONAL CONTRIBUTIONS WILL INCREASE AWARENESS OF WELLFLEETS SHELLFISHERY.

Program 3

INSURANCE TO PROTECT THE GENERAL PUBLIC FOR LIABILITY ISSUES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $182,032

Program Service Revenue $680,090

Investment Income $20,713

Other Revenue $0

TOTAL REVENUE $882,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,820

Fundraising Expenses $362,659

Program Expenses $259,762

Other Expenses $618,577

TOTAL EXPENSES $729,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$882,835	$756,040	+0.2%
Expenses	$729,397	$621,052	+0.2%
Net Income	$153,438	$134,988	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLI BERTRAND	DIRECTOR	10.00	Director	$0	$0	$0
JODI BIRCHALL	DIRECTOR	10.00	Director	$0	$0	$0
LISA BROWN	CLERK	10.00	Officer Director	$0	$0	$0
JANET DROHAN	DIRECTOR	10.00	Director	$0	$0	$0
CHRIS MEARL	DIRECTOR	10.00	Director	$0	$0	$0
NANCY O'CONNELL	PRESIDENT	10.00	Officer Director	$0	$0	$0
ALFRED PICARD	DIRECTOR	10.00	Director	$0	$0	$0
JAKE PUFFER	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL ROSE	DIRECTOR	10.00	Director	$0	$0	$0
ELIZABETH SHOOK	DIRECTOR	10.00	Director	$0	$0	$0
THOMAS SIGGI	TREASURER	10.00	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	$882,835	$729,397	$1,110,532	$153,438
2023	$756,040	$621,052	$958,372	$134,988
2022	$457,281	$387,492	$879,580	$69,789
2021	$362,675	$186,621	$747,160	$176,054
2020	$104,956	$378,235	$726,106	$-273,279
2019	$482,454	$406,985	$832,568	$75,469
2019	$482,454	$406,985	$834,385	$75,469
2018	$410,268	$354,807	$772,326	$55,461

WELLFLEET SHELLFISH PROMOTION AND TASTING INC