GB COD FIXED GEAR SECTOR INC (EIN 412237942) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

GREG CONNORS

Phone

5089452432

Tax Period

2023-01-01 to 2023-12-31

GB COD FIXED GEAR SECTOR INC, founded in 2007, is a small nonprofit in the Animal-Related sector that reported $191K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

THE GEORGES BANK COD FIXED GEAR SECTOR REPRESENTS A PROACTIVE GROUP OF SMALL, DAYBOAT FISHERMEN ON CAPE COD THAT HAVE VOLUNTARILY COME TOGETHER TO COOPERATIVELY MANAGE ANNUAL ALLOCATIONS OF FISH. ITS MEMBERS AGREE TO FISH WITHIN SUSTAINABLE LIMITS AND TO STOP FISHING ONCE QUOTAS HAVE BEEN MET, THEREBY, PROTECTING FISH POPULATIONS FOR FUTURE GENERATIONS. THE FEDERAL GOVERNMENT (I.E. NATIONAL MARINE FISHERIES SERVICE) HAS AGREED TO PROVIDE THESE QUOTAS TO THE SECTOR, WHICH INCLUDES FISHERMEN WHO HAVE DEVELOPED AND INCORPORATED THEIR ORGANIZATION IN COMPLIANCE WITH STATE AND FEDERAL TAX REQUIREMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $189,929

Investment Income $4

Other Revenue $1,138

TOTAL REVENUE $191,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,307

Other Expenses $200,326

TOTAL EXPENSES $200,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,071	$383,995	-0.5%
Expenses	$200,326	$425,238	-0.5%
Net Income	$-9,255	$-41,243	-0.8%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG CONNORS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON AMARU	TREASURER	1.00	Officer Director	$0	$0	$0
GREG WALINSKI	CLERK	1.00	Officer Director	$0	$0	$0
ERIC HESSE	DIRECTOR	1.00	Director	$0	$0	$0
TIM LINNELL	DIRECTOR	1.00	Director	$0	$0	$0
JARED BENNET	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MACALLISTER	DIRECTOR	1.00	Director	$0	$0	$0
NICK O'TOOLE	DIRECTOR	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	No data	No data	No data	No data
2023	$191,071	$200,326	$41,945	$-9,255
2022	$383,995	$425,238	$52,401	$-41,243
2021	$163,851	$179,564	$95,032	$-15,713
2020	$113,592	$146,355	$110,795	$-32,763
2019	$52,882	$108,085	$142,118	$-55,203
2018	$40,252	$70,953	$209,587	$-30,701

GB COD FIXED GEAR SECTOR INC