ATLANTIC OFFSHORE LOBSTERMEN'S ASSOCIATION (EIN 050355848) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

GRANT MOORE

Phone

6038289342

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC OFFSHORE LOBSTERMEN'S ASSOCIATION, founded in 1973, is a small nonprofit that reported $188K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $179K left a modest 5% surplus.

Mission

PROVIDE EDUCATIONAL SERVICES AND REGULATORY INFORMATION ABOUT FISH AND LOBSTER HARVESTING AND CONSERVATION OF OCEAN WILDLIFE

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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 $188,494

Program Service Revenue $0

Investment Income $307

Other Revenue $-539

TOTAL REVENUE $188,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,943

Fundraising Expenses $0

Program Expenses $115,706

Other Expenses $89,761

TOTAL EXPENSES $178,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,262	$255,498	-0.3%
Expenses	$178,704	$260,476	-0.3%
Net Income	$9,558	$-4,978	-2.9%

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

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

$40,480

Total Directors

$1,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BORDEN	EXECUTIVE DI	20.00	Officer	$40,480	$0	$40,480
HEIDI HENNINGER	DEPUTY DIREC	30.00		$38,359	$0	$38,359
HENRY SOULE	DEPUTY DIREC	30.00	Director	$1,923	$0	$1,923
CHRISTOPHER CAMPANALE	BOARD MEMBER	N/A	Director	$0	$0	$0
DENNIS COLBERT	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT DUSEAU	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN OUELLETTE	BOARD MEMBER	N/A	Director	$0	$0	$0
JONATHAN SHAFMASTER	PRESIDENT	5.00	Officer Director	$0	$0	$0
JONATHAN WILLIAMS	BOARD MEMBER	N/A	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
2024	No data	No data	No data	No data
2023	$188,262	$178,704	$172,677	$9,558
2022	$255,498	$260,476	$171,276	$-4,978
2021	$289,046	$298,491	$170,859	$-9,445
2020	$163,520	$166,681	$178,335	$-3,161
2019	$184,917	$154,568	$181,425	$30,349
2018	$237,414	$221,002	$151,098	$16,412

ATLANTIC OFFSHORE LOBSTERMEN'S ASSOCIATION