NATIONAL JET BOAT ASSOCIATION

EIN: 237276530

Wilmington, CA

Total Revenue
$294,091
Total Expenses
$328,044
Total Assets
$77,839
Net Assets
$77,839
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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
1969
Legal Domicile
CA
Phone
7145851605
Tax Period
2023-01-01 to 2023-12-31

NATIONAL JET BOAT ASSOCIATION, founded in 1969, is a small nonprofit that reported $294K in total revenue in fiscal year 2023. Expenses of $328K exceeded revenue, resulting in a 12% operating deficit.

Mission

EDUCATION & PUBLIC SAFETY. EDUCATION & PUBLIC SAFETY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,852
Program Service Revenue $254,239
Investment Income $0
Other Revenue $0
TOTAL REVENUE $294,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $328,044
Other Expenses $328,044
TOTAL EXPENSES $328,044

Year-over-Year Comparison

2023 2022 Change
Revenue $294,091 N/A N/A
Expenses $328,044 N/A N/A
Net Income $-33,953 $0 N/A
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE DeCLARK PRESIDENT 2
Officer
$0 $0 $0
KJELL ADAMS KJELL ADAMS 2
Officer
$0 $0 $0
JOE SHELFO SECRETARY 2
Officer
$0 $0 $0
PAUL MITCHELL TREASURER 2
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
2023 $294,091 $328,044 $77,839 $-33,953
2022 $279,169 $271,728 $111,792 $7,441
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