FISHING HAS NO BOUNDARIES INC

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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

1989

Legal Domicile

Principal Officer

KATHY OVERMAN

Phone

7156343185

Tax Period

2024-01-01 to 2024-12-31

FISHING HAS NO BOUNDARIES INC, founded in 1989, is a small nonprofit that reported $340K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 56 months of operating reserves.

Mission

FISHING HAS NO BOUNDARIES MISSION IS TO PROVIDE RECREATIONAL FISHING OPPORTUNITIES FOR ALL ANGLERS WITH DISABILITIES REGARDLESS OF THEIR AGE, RACE, GENDER, OR DISABILITY.

Program Service Accomplishments

Program 1

Expenses: $283,580 Revenue: $61,509

PROGRAM SERVICE EXPENSES PROVIDE FISHING OPPORTUNITIES FOR INDIVIDUALS WITH DISABILITIES. THERE WERE APPROXIMATELY 1,000 INDIVIDUALS WHO BENEFITED FROM THIS ORGANIZATION.

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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 $183,351

Program Service Revenue $36,786

Investment Income $35,257

Other Revenue $84,149

TOTAL REVENUE $339,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,559

Fundraising Expenses $10,205

Program Expenses $283,580

Other Expenses $283,130

TOTAL EXPENSES $334,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$339,543	$1,257,608	-0.7%
Expenses	$334,689	$290,241	+0.2%
Net Income	$4,854	$967,367	-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

2250

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

$15,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY OVERMAN	EXECUTIVE DIRECTOR	20.00	Officer	$15,600	$0	$15,600
VANCE BALSTAD	DIRECTOR	1.00	Director	$0	$0	$0
KARL EKSTROM	DIRECTOR	1.00	Director	$0	$0	$0
JOHN B ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA LINDUS	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
IVAN UTTECH	DIRECTOR	1.00	Director	$0	$0	$0
JIM KOPPA	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM DVORAK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE GEBAUER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID KOCH	SECRETARY	1.00	Officer 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	$339,543	$334,689	$1,593,631	$4,854
2023	$1,257,608	$290,241	$1,589,278	$967,367
2022	$210,693	$138,167	$630,206	$72,526
2021	$162,905	$234,844	$559,443	$-71,939
2020	$198,290	$178,198	$571,692	$20,092
2019	$317,642	$290,074	$548,979	$27,568
2018	$460,587	$343,693	$527,149	$116,894