BERING SEA FISHERIES RESEARCH FOUNDATION (EIN 201055264) - 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

DOUGLAS B WELLS

Phone

4254868173

Tax Period

2024-01-01 to 2024-12-31

BERING SEA FISHERIES RESEARCH FOUNDATION, founded in 2004, is a community nonprofit in the Animal-Related sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 214% from the prior year, signaling strong growth momentum.

Mission

TO AID, ENCOURAGE, PROMOTE, AND SUPPORT SCIENTIFIC RESEARCH AND EDUCATION REGARDING THE SHELLFISH AND ANCILLARY FISHERIES OF THE NORTH PACIFIC

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,785,550

Program Service Revenue $0

Investment Income $15,086

Other Revenue $0

TOTAL REVENUE $2,800,636

Expense Breakdown

Grants Paid $14,822

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,970,081

TOTAL EXPENSES $2,984,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,800,636	$890,909	+2.1%
Expenses	$2,984,903	$1,304,847	+1.3%
Net Income	$-184,267	$-413,938	-0.6%

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

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
DOUG WELLS	PRESIDENT, DIRECTOR	3.00	Officer Director	$0	$0	$0
EDWARD POULSEN	VICE PRESIDENT, DIRECTOR	2.00	Officer Director	$0	$0	$0
FRANK KELTY	VICE PRESIDENT, DIRECTOR	2.00	Officer Director	$0	$0	$0
LENNY HERZOG	SECRETARY, DIRECTOR	2.00	Officer Director	$0	$0	$0
GARRY LONCON	TREASURER, DIRECTOR	2.00	Officer Director	$0	$0	$0
MARK CASTO	DIRECTOR	1.00	Director	$0	$0	$0
LOUIE LOWENBERG	DIRECTOR	1.00	Director	$0	$0	$0
GARY PAINTER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
WES JONES	DIRECTOR	1.00	Director	$0	$0	$0
OWEN KVINGE	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
SINCLAIR WILT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GOODMAN	EXECUTIVE DIRECTOR	8.00	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
2024	$2,800,636	$2,984,903	$1,054,423	$-184,267
2023	$890,909	$1,304,847	$1,018,138	$-413,938
2022	$207,261	$495,859	$1,426,912	$-288,598
2021	$1,273,156	$1,109,207	$1,894,594	$163,949
2020	$815,693	$684,326	$1,549,181	$131,367
2019	$866,672	$1,039,834	$1,425,126	$-173,162
2018	$878,791	$1,127,388	$1,613,624	$-248,597

BERING SEA FISHERIES RESEARCH FOUNDATION