Fishing For Life

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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

Legal Domicile

Principal Officer

Thomas Goodrich

Phone

6129875466

Tax Period

2024-01-01 to 2024-12-31

Fishing For Life is a small nonprofit in the Philanthropy & Grantmaking sector that reported $726K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $688K left a modest 5% surplus.

Mission

Serving Youth Family & Community Through Fishing and Outdoor Programs

Program Service Accomplishments

Program 1

Expenses: $399,525 Revenue: $195,507

DEEP C's\HIGH C's - designed to encourage Christian spiritual growth in youth & men

Program 2

Expenses: $60,920 Revenue: $93,707

TROUT PONDS - mobile trout pond for sports and other shows with educational fishing games for kids

Program 3

Expenses: $27,162 Revenue: $47,240

LAKE EVENTS - provides outdoor programs for children and families of military families who were either killed in action or for other reasons cannot provide outdoor activities for their families

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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 $324,605

Program Service Revenue $336,454

Investment Income $14,934

Other Revenue $50,351

TOTAL REVENUE $726,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,176

Fundraising Expenses $0

Program Expenses $487,607

Other Expenses $287,495

TOTAL EXPENSES $687,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$726,344	$793,966	-0.1%
Expenses	$687,671	$695,441	0.0%
Net Income	$38,673	$98,525	-0.6%

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

N/A

Employees

Volunteers

800

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

$166,651

Total Directors

$83,451

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Goodrich	Executive Dir.	45.00	Officer Director	$83,451	$0	$83,451
Laura Hudson	COO	45.00	Officer	$83,200	$0	$83,200
Russ Weybright	Director	5.00	Director	$0	$0	$0
Brad Patterson	Chairman	5.00	Director	$0	$0	$0
Mike Stilwell	Director	5.00	Director	$0	$0	$0
Mary Wilcox	Director	5.00	Director	$0	$0	$0
Stu Bernard	Director	5.00	Director	$0	$0	$0
Dan DeFrang	mike s	5.00	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
2024	$726,344	$687,671	$891,738	$38,673
2023	$793,966	$695,441	$828,295	$98,525
2022	$774,799	$608,625	$732,263	$166,174
2021	$714,622	$509,568	$516,500	$205,054
2020	$484,612	$334,158	$454,319	$150,454
2019	$375,794	$404,613	$308,429	$-28,819
2018	$417,067	$427,868	$342,440	$-10,801