Massachusetts Fishermen's Partnership
Nonprofit profile at a glance
- EIN
- 043302036
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- Gloucester, MA, USA
- Phone
- 9782824847
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $114,688
- Expenses
- $111,433
- Assets
- $196,467
- Liabilities
- $800
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- EDWARD BARRETT (PRESIDENT)
People named in this filing
- EDWARD BARRETT (PRESIDENT)
- PAUL VITALE (TREASURER)
- JACKIE ODELL (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mfp provides a variety of services related to outreach and enrollment in health plans for fishing families, promotion of other economic development strategies to benefit Massachusetts commercial fishermen, and the development of a program aimed at assessing and improving fisheries science and management.
What it reported doing in 2024
Provide outreach for fishermen safety training, outreach and assistance to members of the fishing industry to enroll in the affordable care act specifically to the ma health connector and provide wellness programs to members of the fishing industry.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 51
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.7%; rating input score 87
- Program expense ratio: 89.2%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.8%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 1.76; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 21.2% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: -5.2% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 86.7% of revenue deployed · 89.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $99K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- 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.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.