FRIENDS OF BLS CREW 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

2006

Legal Domicile

Principal Officer

Terence Dougherty

Phone

6173272463

Tax Period

2021-01-01 to 2021-12-31

FRIENDS OF BLS CREW INC, founded in 2006, is a small nonprofit that reported $210K in total revenue in fiscal year 2021. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 36% operating margin.

Mission

This organization supports the Boston Latin School Crew Team through funding expenses not covered by the Boston public school system.

Program Service Accomplishments

Program 1

Expenses: $3,828 Revenue: $3,828

Over 100 students started in a provided structured pre-season training in preparation for the competition season, which was interrupted by the COVID-19 pandemic. As a result, when conditions...

Over 100 students started in a provided structured pre-season training in preparation for the competition season, which was interrupted by the COVID-19 pandemic. As a result, when conditions permitted a number of students were taught sculling technique, with limited competitions.

Program 2

Expenses: $97,489 Revenue: $151,824

Students participated in Spring and Summer training and regatta competitions

Program 3

Expenses: $33,234 Revenue: $51,757

Students participated in Fall training and regattas

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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 (2021)

Revenue Breakdown

Contributions & Grants $99,925

Program Service Revenue $109,614

Investment Income $3

Other Revenue $0

TOTAL REVENUE $209,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,452

Fundraising Expenses $0

Program Expenses $134,551

Other Expenses $77,099

TOTAL EXPENSES $134,551

Year-over-Year Comparison

	2021	2020	Change
Revenue	$209,542	$142,945	+0.5%
Expenses	$134,551	$150,044	-0.1%
Net Income	$74,991	$-7,099	-11.6%

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

N/A

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
Terence Dougherty	President	2	Officer	$0	$0	$0
Roberta Upton	Treasurer	3	Officer	$0	$0	$0
Audrey Richardson	Vice President	4	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
2021	$209,542	$134,551	$147,288	$74,991
2019	$308,173	$237,761	$89,758	$70,412
2018	$194,275	$234,960	$19,346	$-40,685