National Association of Charterboa… - Form 990 Financial Data

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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

2013

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

National Association of Charterboat Operators Inc, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $136K exceeded revenue, resulting in a 482% operating deficit.

Mission

NACOs mission is to represent and to help advance the interests of charter boat operators who carry passengers for hire for fishing, sailing, diving, and eco-tours through educational programs, print, and electronic communications.

Program Service Accomplishments

Program 1

Expenses: $45,749

The organization provides education for members of NACO, along with the opportunity to meet with fellow members to network with each other.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,097

Program Service Revenue $0

Investment Income $72

Other Revenue $11,216

TOTAL REVENUE $23,385

Expense Breakdown

Grants Paid $45,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,749

Other Expenses $91,021

TOTAL EXPENSES $136,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,385	$145,907	-0.8%
Expenses	$136,021	$94,047	+0.4%
Net Income	$-112,636	$51,860	-3.2%

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

Employees

N/A

Volunteers

N/A

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
Joe Headley	Director	0.00	Director	$0	$0	$0
Dave Pecci	Director	0.00	Director	$0	$0	$0
Rodger Parcelles	Director	0.00	Director	$0	$0	$0
Frank Becker	Director	0.00	Director	$0	$0	$0
Richard Yamada	Director	0.00	Director	$0	$0	$0
Shawn Gibson	Director	0.00	Director	$0	$0	$0
Mike Schoonveld	Director	0.00	Director	$0	$0	$0
Greg Sutter	Director	0.00	Director	$0	$0	$0
Paul Malo	Director	0.00	Director	$0	$0	$0
Jim Deibler Jr	Director	0.00	Director	$0	$0	$0
Tom Dogan	Director	0.00	Director	$0	$0	$0
Eddie Green	Director	0.00	Director	$0	$0	$0
Robert F Zales II	President	0.00	Officer Director	$0	$0	$0
Susan Mason	Executive Director	3.00	Officer Director	$0	$0	$0
Butch Smith	Vice President	0.00	Officer Director	$0	$0	$0
Ron Maglio	Treasurer	0.00	Officer Director	$0	$0	$0
Charlie Phillips	Secretary	0.00	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
2023	$23,385	$136,021	$85,649	$-112,636
2022	$145,907	$94,047	$183,884	$51,860
2021	$68,145	$83,422	$179,682	$-15,277
2020	$123,871	$81,741	$200,182	$42,130
2019	$106,405	$130,898	$37,213	$-24,493
2018	$113,284	$96,202	$77,431	$17,082

National Association of Charterboat Operators Inc