OLD SALT FISHING FOUNDATION INC (EIN 200961806) - 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

2004

Legal Domicile

Principal Officer

THOMAS VERDENSKY

Tax Period

2022-01-01 to 2022-12-31

OLD SALT FISHING FOUNDATION INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 5% surplus.

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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 (2022)

Revenue Breakdown

Contributions & Grants $329,179

Program Service Revenue $809,110

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1,138,290

Expense Breakdown

Grants Paid $66,946

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,017,913

Other Expenses $1,013,626

TOTAL EXPENSES $1,080,572

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,138,290	$981,160	+0.2%
Expenses	$1,080,572	$980,715	+0.1%
Net Income	$57,718	$445	+128.7%

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

N/A

Employees

N/A

Volunteers

445

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
ALAN MCLEOD	BOARD MEMBER	3.00	Director	$0	$0	$0
AMY VERDENSKY	BOARD MEMBER	30.00	Director	$0	$0	$0
GRAY BURTCHAELL	BOARD MEMBER	10.00	Director	$0	$0	$0
ZAC STURM	BOARD MEMBER	20.00	Director	$0	$0	$0
DENNIS CLINE	BOARD MEMBER	10.00	Director	$0	$0	$0
AMIE MCRANIE	SECRETARYMEMBERSHIP	14.00	Officer Director	$0	$0	$0
THOMAS VERDENSKY	PRESIDENT	25.00	Officer	$0	$0	$0
DAN CASEY	VICE PRESIDENT	12.00	Officer	$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
2022	$1,138,290	$1,080,572	$101,785	$57,718
2021	$981,160	$980,715	$62,604	$445
2020	$644,524	$648,842	$47,392	$-4,318
2019	$1,301,664	$1,341,066	$47,190	$-39,402
2018	$1,319,214	$1,315,023	$86,592	$4,191

OLD SALT FISHING FOUNDATION INC