Fishermen in Newport
Nonprofit profile at a glance
- EIN
- 061819678
- IRS 990 coverage
- 2015–2016
- Forms available
- Form 990 2016
- Location
- Newport, RI, USA
- Phone
- 4014659669
- Rating confidence
- Limited
Reported finances
- Revenue
- $342,519
- Expenses
- $284,692
- Assets
- $216,250
- Liabilities
- $4,693
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DAVID SPENCER (PRESIDENT)
People named in this filing
- DAVID SPENCER (PRESIDENT)
- DENNIS INGRAM (DIRECTOR)
- PETER WAKEMAN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To purchase fish products from local
What it reported doing in 2016
Was able to purchase from newport fishermen $445231 in fresh fish products which was well above what the market was paying for the same product
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.9%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.76; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 47.7% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 28.4% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 30.1% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2015 to 2016
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.