CROSS SOUND MARKETING ASSOCIATION

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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

2003

Legal Domicile

Principal Officer

RYLAND BELL

Phone

9072392300

Tax Period

2024-01-01 to 2024-12-31

CROSS SOUND MARKETING ASSOCIATION, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $111K in total revenue in fiscal year 2024. Revenue surged 206% from the prior year, signaling strong growth momentum. Net assets of $561K represent 61 months of operating reserves.

Mission

PROMOTE AND MAINTAIN ADEQUATE FUNDING TO MARKET FISHERIES PRODUCTS FROM ALASKA; DEVELOP MARKETS FOR FISHERIES PRODUCTS; ASSIST FISHERS TO MARKET AND DEVELOP FISHERIES PRODUCTS; AND UNDERTAKE ANY OTHER ACTIVITIES THAT MAY BE DEEMED TO BE IN THE BEST INTERESTS OF THE CORPORATION, NOT PROHIBITED BY LAW.

Program Service Accomplishments

Program 1

MAINTAINED INFRASTRUCTURE ESSENTIAL TO ALLOWING COMMERCIAL SALMON TROLLERS TO OPERATE: WE PROVIDED NEARBY ACCESS TO GEAR, GROCERIES, SHOWERS & LAUNDRY ALLOWING FISHERS TO SPEND MORE TIME FISHING AND...

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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 $0

Program Service Revenue $1,600

Investment Income $464

Other Revenue $108,737

TOTAL REVENUE $110,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,965

Fundraising Expenses $0

Other Expenses $51,893

TOTAL EXPENSES $110,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,801	$36,248	+2.1%
Expenses	$110,858	$109,178	+0.0%
Net Income	$-57	$-72,930	-1.0%

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

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
RYLAND BELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
NELSON MERRELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ERIK STROMEE	BOARD SECRET	1.00	Officer Director	$0	$0	$0
HENRY LEON	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK BAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES PEEP	BOARD MEMBER	1.00	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	$110,801	$110,858	$563,386	$-57
2023	$36,248	$109,178	$568,384	$-72,930
2022	$57,013	$178,369	$637,794	$-121,356
2021	$120,847	$112,494	$759,729	$8,353
2020	$92,683	$104,905	$751,382	$-12,222
2019	$91,058	$129,387	$764,435	$-38,329
2018	$137,141	$126,956	$802,109	$10,185