BRISTOL BAY REGIONAL SEAFOOD DEVELOPMENT ASSOCIATION INC

EIN: 202660011 Animal-Related

ANCHORAGE, AK

Total Revenue
$4,023,111
Total Expenses
$3,414,105
Total Assets
$4,989,703
Net Assets
$4,844,316
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
AK
Principal Officer
LILANI DUNN
Phone
9076772371
Tax Period
2023-01-01 to 2023-12-31

BRISTOL BAY REGIONAL SEAFOOD DEVELOPMENT ASSOCIATION INC, founded in 2005, is a community nonprofit in the Animal-Related sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $609K, a strong 15% operating margin.

Mission

TO MAXIMIZE THE VALUE OF THE BRISTOL BAY FISHERY FOR THE BENEFIT OF ITS MEMBERS BY FOCUSING ON THE ECONOMIC WELLBEING OF BBRSDA MEMBERS, SUPPORTING A SUSTAINABLE BRISTOL BAY COMMERCIAL FISHERY, AND PROVIDING THE HIGHEST QUALITY WILD SALMON PRODUCTS.

Program Service Accomplishments

Program 1
Expenses: $2,159,429

MARKETING:TO CONDUCT MARKETING AND PROMOTION. FROM 1/1/23 TO 12/31/23, BBRSDA SUPPORTED PROJECTS THAT PROMOTED CONSUMER AWARENESS OF BRISTOL BAY SOCKEYE SALMON IN THE MARKETPLACE AND SUPPORTED...

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MARKETING:TO CONDUCT MARKETING AND PROMOTION. FROM 1/1/23 TO 12/31/23, BBRSDA SUPPORTED PROJECTS THAT PROMOTED CONSUMER AWARENESS OF BRISTOL BAY SOCKEYE SALMON IN THE MARKETPLACE AND SUPPORTED BRANDED MARKETING EFFORTS. DATA DEMONSTRATING THESE EFFORTS ARE: -BOARD FUNDED 10 MARKETING PROJECTS IN 2023 (INCLUDING PROGRAM SUPPORT EXPENSES). THESE PROJECTS FUNDED EFFORTS TO EXPAND BBSS BRAND REACH, PROMOTE BBSS IN THE DOMESTIC RETAIL & FOODSERVICE MARKETS AND STRATEGIZING EXPANDING OUR GLOBAL PRESENCE. -EXECUTED MARKETING PARTNERSHIPS WITH 26 RETAILERS. -ORGANIZED AND FACILITATED IN-STORE BBSS PROMOTIONS AT 4,734 RETAIL LOCATIONS THROUGH: DISTRIBUTION OF BBSS BRANDED ASSETS INCLUDING: RECIPE CARDS, POSTERS, APRONS, CASE CLINGS, ICE SPEARS, INFORMATIONAL CARDS, AND BRANDED APRONS; DEVELOPMENT OF CO-BRANDED PR ASSETS; AND SOCIAL MEDIA SUPPORT. -ATTENDED 3 TRADE SHOWS: SENA, PME, GSE -ATTENDED ASMI'S ANNUAL ALL-HANDS (INDUSTRY) MEETING, NFI GLOBAL SEAFOOD MARKET CONFERENCE -SPONSORED/PARTICIPATED IN 3 MARKETING EVENTS: ALASKA SYMPHONY OF SEAFOODS, SEAFOOD 101 AND FALL FISHERMEN'S FESTIVAL -ADDED DIGITAL ASSETS TO ONLINE MEDIA LIBRARY -SUPPORTED A CONSUMER AND CUSTOMER FACING WEBSITE, AS WELL AS A BBSS FACEBOOK AND INSTAGRAM PAGES -COMMISSIONED SOCKEYE MARKET REPORTS AND PRESENTATIONS AT MEMBER MEETINGS -CREATION OF NEW VIDEO AND PHOTOGRAPHY ASSETS HIGHLIGHTING THE FISHERY AND PRODUCT ATTRIBUTES OF BRISTOL BAY SOCKEYE SALMON. -THE MARKETING COMMITTEE MET 9 TIMES IN SUPPORT OF THE MARKETING PROGRAM. -OVER 370 CONTACTS ARE SUBSCRIBED TO OUR QUARTERLY NEWSLETTERS -FOUR PRESS RELEASES HIT THE WIRE: SALMON COOKING GUIDE, FRESH BRISTOL BAY SOCKEYE, BRISTOL BAY SOCKEYE SALMON WEEK IN DC, AND BRISTOL BAY CHOICE AT SYMPHONY OF SEAFOOD

Program 2
Expenses: $298,766

SUSTAINABILITY:TO HELP ENSURE THE BIOLOGICAL SUSTAINABILITY OF THE BRISTOL BAY SALMON FISHERY, BBRSDA UNDERTOOK THE FOLLOWING SUSTAINABILITY EFFORTS FROM 1/1/23 TO 12/31/23: -BBRSDA MEMBERS AND ITS...

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SUSTAINABILITY:TO HELP ENSURE THE BIOLOGICAL SUSTAINABILITY OF THE BRISTOL BAY SALMON FISHERY, BBRSDA UNDERTOOK THE FOLLOWING SUSTAINABILITY EFFORTS FROM 1/1/23 TO 12/31/23: -BBRSDA MEMBERS AND ITS BOARD CONSIDER THE PROPOSED PEBBLE MINE AN EXISTENTIAL THREAT TO THE BRISTOL BAY SALMON FISHERY. THE ORGANIZATION FUNDED SEVERAL EFFORTS PERTAINING TO THE PEBBLE MINE FOCUSED ON EXPANDING INFORMATION ABOUT POTENTIAL PROJECT IMPACTS AND SEEKING MAXIMUM ENVIRONMENTAL PROTECTIONS FOR SALMON HABITAT IN BRISTOL BAY, INCLUDING A $45,000 GRANT TO COMMERCIAL FISHERMEN FOR BRISTOL BAY FOR DOING STAKEHOLDER OUTREACH AND COMMUNICATION. -BBRSDA GRANTED $83,256 TO A UNIVERSITY OF WASHINGTON STUDY LOOKING AT THE IMPACTS OF CLIMATE CHANGE ON SOCKEYE SALMON IN THE NUSHAGAK RIVER SYSTEM AND $30,000 TO RELATED GRADUATE STUDENT RESEARCH. -BBRSDA COMMITTED $11,000 TO SKIPPER SCIENCE, AN APP DESIGNED TO COLLECT SCIENTIFIC OBSERVATIONS FROM FISHERMEN. THE APP WAS ADAPTED TO FACILITATE RECORDING FISHERMEN'S KING SALMON HARVESTS AFTER NUSHAGAK KING SALMON WERE DESIGNATED A STOCK OF CONCERN IN SPRING OF 2023. -THE BOARD COMMITTED $95,752 TO THE BRISTOL BAY SCIENCE AND RESEARCH INSTITUTE, A GROUP THAT CONDUCTS SALMON ASSESSMENT PROJECTS AND OTHER SCIENTIFIC RESEARCH IN BRISTOL BAY DURING THE FISHING SEASON, INCLUDING ON-BOARD GENETICS ANALYSIS. THESE PROJECTS RESULTED IN BETTER INFORMATION ABOUT THE SALMON RUN TIMING AND DESTINATION, AS WELL AS PROVIDING SUPPORT FOR FISHERY MANAGEMENT AND RESOURCE SUSTAINABILITY. -THE SUSTAINABILITY COMMITTEE MET 2 TIMES IN SUPPORT OF THE SUSTAINABILITY PROGRAM.

Program 3
Expenses: $544,590

OUTREACH & ORGANIZATION:TO FOSTER INVOLVEMENT WITH OUR MEMBERS, MAINTAIN ORGANIZATIONAL STRUCTURE, IMPROVE FISHERY SAFETY, AND SUPPORT OTHER PROGRAMS; THE BBRSDA UNDERTOOK THE FOLLOWING EFFORTS FROM...

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OUTREACH & ORGANIZATION:TO FOSTER INVOLVEMENT WITH OUR MEMBERS, MAINTAIN ORGANIZATIONAL STRUCTURE, IMPROVE FISHERY SAFETY, AND SUPPORT OTHER PROGRAMS; THE BBRSDA UNDERTOOK THE FOLLOWING EFFORTS FROM 1/1/23 TO 12/31/23: -EXECUTED AN ELECTION FOR TWO OPEN BOARD SEATS. -SPONSORED THE "BRISTOL BAY FISHERIES REPORT" ON THE LOCAL RADIO STATION IN DILLINGHAM (KDLG). -HELD A PHOTO CONTEST FOR BRISTOL BAY FISHERMEN TO SUPPORT MARKETING EFFORTS AND GATHER MARKETING CONTENT. -SUPPORTED CREW MEMBER TRAINING BEFORE THE 2023 FISHING SEASON. -PROMOTED FISHERMEN'S SAFETY TRAININGS BEFORE THE 2023 FISHING SEASON. -PUBLISHED MARKET INFORMATION TO THE BBRSDA WEBSITE FOR MEMBERS. -PUBLISHED 11 ELECTRONIC NEWSLETTERS AND DISTRIBUTED TO MEMBERS. -HOSTED TWO MEMBER MEETINGS, ONE IN NAKNEK, AK IN THE SPRING AND ONE IN SEATTLE, WA IN THE FALL. -CREATED THE 2022 ANNUAL REPORT AND DISTRIBUTED IT TO MEMBERS. -HELD AN ELECTION FOR THE SETNET FLEET TO DECIDE ON WHETHER TO JOIN THE ORGANIZATION. -THE OUTREACH COMMITTEE MET 5 TIMES IN SUPPORT OF THE OUTREACH PROGRAM.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,814,485
Program Service Revenue $0
Investment Income $208,204
Other Revenue $422
TOTAL REVENUE $4,023,111

Expense Breakdown

Grants Paid $1,478,926
Salaries & Benefits $662,497
Fundraising Expenses $0
Program Expenses $3,178,304
Other Expenses $1,272,682
TOTAL EXPENSES $3,414,105

Year-over-Year Comparison

2023 2022 Change
Revenue $4,023,111 $3,044,231 +0.3%
Expenses $3,414,105 $3,473,024 0.0%
Net Income $609,006 $-428,793 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
5
Volunteers
10

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
5
$220,185
Total Directors
8
$39,200
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRITZ JOHNSON PRESIDENT 2.00
Officer Director
$5,600 $0 $5,600
ERICK SABO VICE PRESIDENT 2.00
Officer Director
$5,200 $0 $5,200
DOUG MORGAN SECRETARY / TREASURER 2.00
Officer Director
$5,800 $0 $5,800
MATT DEWITTE DIRECTOR 2.00
Officer Director
$600 $0 $600
MARK NIVER DIRECTOR 2.00
Director
$6,000 $0 $6,000
FRANZ SCHONBERG DIRECTOR 2.00
Director
$5,700 $0 $5,700
PETER ANDREW DIRECTOR 2.00
Director
$4,500 $0 $4,500
MICHAEL JACKSON DIRECTOR, THROUGH SEPTEMBER 2.00
Director
$5,800 $0 $5,800
ANDREW WINK EXECUTIVE DIRECTOR, THROUGH 12/12/23 40.00
Officer
$192,785 $10,200 $202,985
LILANI DUNN MARKETING DIRECTOR 41.00
Highest
$141,170 $6,141 $147,311
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 $4,023,111 $3,414,105 $4,989,703 $609,006
2022 $3,044,231 $3,473,024 $4,589,183 $-428,793
2021 $1,799,564 $2,290,585 $4,997,281 $-491,021
2020 $3,121,521 $3,087,923 $5,493,039 $33,598
2019 $3,058,468 $2,281,474 $5,233,125 $776,994
2018 $2,267,527 $1,689,332 $4,476,952 $578,195
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