FORT BRAGG GROUNDFISH CONSERVATION… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

MICHELLE NORVELL

Phone

7072722817

Tax Period

2024-01-01 to 2024-12-31

FORT BRAGG GROUNDFISH CONSERVATION TRUST, founded in 2014, is a micro nonprofit in the Animal-Related sector that reported $56K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 34% operating margin.

Mission

ORGANIZATION MISSION THE MISSION OF THIS CORPORATION SHALL BE TO INCREASE OPPORTUNITIES FOR LOCAL FISHING OPERATIONS TO PARTICIPATE IN SUSTAINABLE FISHING ACTIVITIES ALONG THE WEST COAST OF THE UNITED STATES AND DEVELOP THOSE FISHING OPPORTUNITIES IN A MANNER THAT ENHANCES THE ECONOMIC, SOCIAL, AND ENVIROMENTAL CONDITIONS OF FISHERY PARTICIPANTS AND FISHERY RESOURES.

Program Service Accomplishments

Program 1

ESTABLISHED ADDITIONAL BUSINESS RELATIONS WITH NEW FISHING OPERATIONS AND LEASED QUOTA POUNDS TO EXTEND THEIR SEASON

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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 $0

Program Service Revenue $55,638

Investment Income $0

Other Revenue $0

TOTAL REVENUE $55,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,862

Fundraising Expenses $0

Other Expenses $2,659

TOTAL EXPENSES $36,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,638	$77,672	-0.3%
Expenses	$36,521	$31,225	+0.2%
Net Income	$19,117	$46,447	-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

Employees

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANISHA NORVELL	CFO	001.15	Officer Highest	$30,000	$0	$30,000
MICHELLE NORVELL	PRESIDENT	010.00	Officer	$0	$0	$0
CAROL MILLSAP	VICE PRESIDENT	001.15	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	$55,638	$36,521	$1,463,971	$19,117
2023	$77,672	$31,225	$1,444,854	$46,447
2022	$72,966	$31,886	$1,398,407	$41,080
2021	$35,763	$26,857	$1,357,327	$8,906
2020	$50,949	$32,884	$1,354,902	$18,065
2019	$223,071	$29,935	$1,343,028	$193,136
2018	$76,441	$37,509	$1,155,809	$38,932

FORT BRAGG GROUNDFISH CONSERVATION TRUST