SUSTAINABLE SCALLOPING FUND CORP

EIN: 991811654

NEW BEDFORD, MA

Total Revenue
$620,150
Total Expenses
$185,230
Total Assets
$434,920
Net Assets
$434,920
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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
2024
Legal Domicile
MA
Principal Officer
JOHN A LEES JR
Phone
5087586600
Tax Period
2024-04-01 to 2025-03-31

SUSTAINABLE SCALLOPING FUND CORP, founded in 2024, is a small nonprofit that reported $620K in total revenue in fiscal year 2024. The organization ran a surplus of $435K, a strong 70% operating margin.

Mission

TO PROTECT AND ADVANCE THE SUSTAINABILITY OF THE ATLANTIC SEA SCALLOP FISHERY

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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 (2024)

Revenue Breakdown

Contributions & Grants $610,517
Program Service Revenue $0
Investment Income $9,633
Other Revenue $0
TOTAL REVENUE $620,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $185,230
Other Expenses $185,230
TOTAL EXPENSES $185,230

Year-over-Year Comparison

2024 2023 Change
Revenue $620,150 N/A N/A
Expenses $185,230 N/A N/A
Net Income $434,920 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN A LEES JR PRESIDENT 5.00
Officer Director
$0 $0 $0
JOHN MURRAY TREASURER 5.00
Officer Director
$0 $0 $0
MICHAEL QUINN CLERK 5.00
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
2025 $620,150 $185,230 $434,920 $434,920
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