Vii Northeast Fishery Sector Inc
Nonprofit profile at a glance
- EIN
- 270247664
- IRS 990-EZ coverage
- 2012–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2009
- Location
- New Bedford, MA, USA
- Phone
- 5089923334
- Rating confidence
- Limited
- Sector
- Fisheries Resources
Reported finances
- Revenue
- $18,859
- Expenses
- $20,671
- Assets
- $6,973
- Liabilities
- $10,342
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LARS VINJERUD II (PRESIDENT)
People named in this filing
- LARS VINJERUD II (PRESIDENT)
- CORBIN PETTWAY (TREASURER)
- ANTONIO PEREIRA (CLERK)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Working to achieve and ensure the survival of sustainable fisheries in new england.
What it reported doing in 2022
A fishing cooperative to allocate allowable catch of multispecies on an annual basis in order to enhance and maintain commercial fisheries.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -9.6%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 1.48; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.3% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: -22.1% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 10 filing years from 2012 to 2022
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.