DESTIN FISHING MUSEUM FOUNDATI DBA DESTIN HISTORY & FISHING MU

EIN: 383676873 501(c)(3) Arts, Culture & Humanities

DESTIN, FL

Total Revenue
$126,655
Total Expenses
$219,893
Total Assets
$417,951
Net Assets
$415,716
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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
FL
Principal Officer
TARRA DESTIN
Phone
8508376611
Tax Period
2024-01-01 to 2024-12-31

DESTIN FISHING MUSEUM FOUNDATI DBA DESTIN HISTORY & FISHING MU, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $127K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $220K exceeded revenue, resulting in a 74% operating deficit.

Mission

PRESERVATION AND EDUCATION OF DESTIN HERITAGE

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,400
Program Service Revenue $52,791
Investment Income $-45
Other Revenue $49,509
TOTAL REVENUE $126,655

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,618
Fundraising Expenses $0
Program Expenses $201,604
Other Expenses $114,275
TOTAL EXPENSES $219,893

Year-over-Year Comparison

2024 2023 Change
Revenue $126,655 $236,191 -0.5%
Expenses $219,893 $185,780 +0.2%
Net Income $-93,238 $50,411 -2.8%
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
13
Independent Members
13
Employees
4
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
14
$45,444
Key Employees
1
$45,444
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
T DESTIN PRESIDENT 2
Officer Director
$0 $0 $0
M NORBERG VICE PRESIDENT 2
Officer Director
$0 $0 $0
J BELCHER TREASURER 2
Officer Director
$0 $0 $0
TERRY LONG SECRETARY 2
Officer Director
$0 $0 $0
T HENSLEY DIRECTOR 2
Director
$0 $0 $0
M KERSANAC DIRECTOR 2
Director
$0 $0 $0
J G COMELLA DIRECTOR 2
Director
$0 $0 $0
C NOONAN DIRECTOR 2
Director
$0 $0 $0
EMMA KING DIRECTOR 2
Director
$0 $0 $0
K SCHWEICKERT DIRECTOR 2
Director
$0 $0 $0
N SLATON DIRECTOR 2
Director
$0 $0 $0
T HARBUCK DIRECTOR 2
Director
$0 $0 $0
L TAYLOR DIRECTOR 2
Director
$0 $0 $0
V WILLIAMS EXECUTIVE DIR 40
Director Key Emp Highest
$45,444 $0 $45,444
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 $126,655 $219,893 $417,951 $-93,238
2023 $236,191 $185,780 $472,712 $50,411
2021 $150,818 $122,075 $421,107 $28,743
2019 $138,060 $111,680 $376,279 $26,380
2018 $355,603 $133,533 $333,979 $222,070
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