BOSTON FISHERIES FOUNDATION INC

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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

2012

Legal Domicile

Principal Officer

VINCENT NAGLE

Phone

6179863573

Tax Period

2024-07-01 to 2025-06-30

BOSTON FISHERIES FOUNDATION INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $222K in total revenue in fiscal year 2024. Revenue surged 851% from the prior year, signaling strong growth momentum.

Mission

THE BOSTON FISHERIES FOUNDATION IS A NON-PROFIT ORGANIZATION CREATED TO: (1) SUPPORT AND EXPAND SUSTAINABLE FISHERIES, WHICH IN TURN SUSTAIN THE NEW ENGLAND ECONOMY; (2) EDUCATE THE MEDIA AND THE PUBLIC ABOUT THE ROLE PLAYED BY FISHERMAN IN PRESERVING OUR WILD OCEAN STOCKS THROUGH HARVESTING AND MANAGEMENT; (3) EDUCATE THE MEDIA AND THE PUBLIC ABOUT THE BENEFITS OF SUSTAINABLY HARVESTED SEAFOOD AS HIGH-QUALITY NUTRITION WHOSE PRODUCTION PROTECTS THE ENVIRONMENT FROM DEFORESTATION, GLOBAL WARMING, AND OTHER NEGATIVE IMPACTS; (4) FACILITATE PUBLIC AWARENESS OF OUR HISTORY AND THE IMPORTANCE OF WILD HARVESTS TO THE PROUD TRADITIONS OF AN INDEPENDENT NEW ENGLAND; AND (5) DEVELOP A MARITIME FISHERIES MUSEUM TO HONOR OUR HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $200,000

EDUCATE THE MEDIA AND THE PUBLIC ABOUT THE ROLE PLAYED BY FISHERMAN IN PRESERVING OUR WILD OCEAN STOCKS THROUGH HARVESTING AND MANAGEMENTEDUCATE THE MEDIA AND THE PUBLIC ABOUT THE BENEFITS OF...

EDUCATE THE MEDIA AND THE PUBLIC ABOUT THE ROLE PLAYED BY FISHERMAN IN PRESERVING OUR WILD OCEAN STOCKS THROUGH HARVESTING AND MANAGEMENTEDUCATE THE MEDIA AND THE PUBLIC ABOUT THE BENEFITS OF SUSTAINABLY HARVESTED SEAFOOD AS HIGH-QUALITY NUTRITION WHOSE PRODUCTION PROTECTS THE ENVIRONMENT FROM DEFORESTATION, GLOBAL WARMING, AND OTHER NEGATIVE IMPACTS

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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 $222,474

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $222,474

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,000

Other Expenses $22,206

TOTAL EXPENSES $222,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,474	$23,404	+8.5%
Expenses	$222,206	$41,630	+4.3%
Net Income	$268	$-18,226	-1.0%

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

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
CHRIS EDLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MATT KING	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA SANFILLIPO	DIRECTOR	1.00	Director	$0	$0	$0
JOE ZANTI	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BASILE	PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT NAGLE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
VINCENT NAGLE	TREASURER	1.00	Officer	$0	$0	$0
KATE BALZARINI	SECRETARY	1.00	Officer	$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	$222,474	$222,206	$7,230	$268