PORT SALERNO SEAFOOD FESTIVAL INC

EIN: 463079521

PORT SALERNO, FL

Total Revenue
$279,501
Total Expenses
$337,809
Total Assets
$3,140
Net Assets
$-8,471
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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
2013
Legal Domicile
FL
Principal Officer
EDWARD B OLSEN JR
Phone
7722631735
Tax Period
2018-04-01 to 2019-03-31

PORT SALERNO SEAFOOD FESTIVAL INC, founded in 2013, is a small nonprofit that reported $280K in total revenue in fiscal year 2018. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $338K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO HOST AN ANNUAL FESTIVAL TO BRING POSITIVE AWARENESS OF THE LOCAL COMMERCIAL FISHING INDUSTRY AND SUPPORT THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $337,809 Revenue: $279,501

THE EVENT BRINGS COMMUNITY AWARENESS AND BENEFITS TO MANY LOCAL NON-PROFIT ORGANIZATIONS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $279,501
Investment Income $0
Other Revenue $0
TOTAL REVENUE $279,501

Expense Breakdown

Grants Paid $23,900
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $337,809
Other Expenses $313,909
TOTAL EXPENSES $337,809

Year-over-Year Comparison

2018 2017 Change
Revenue $279,501 $428,446 -0.3%
Expenses $337,809 $458,812 -0.3%
Net Income $-58,308 $-30,366 +0.9%
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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
500

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
$23,808
Total Directors
6
$23,808
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD B OLSEN JR PRESIDENT 10.00
Officer Director
$0 $0 $23,808
STEPHEN ENGLISH SR VICE PRESIDE 2.00
Officer Director
$0 $0 $0
STEPHEN ENGLISH JR TREASURER 2.00
Officer Director
$0 $0 $0
JIMMY STUART SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT ROWAN DIRECTOR 2.00
Director
$0 $0 $0
THOMAS HULUSKA DIRECTOR 2.00
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
2019 $279,501 $337,809 $3,140 $-58,308
2018 $428,446 $458,812 $67,044 $-30,366
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