EEL RIVER RECOVERY PROJECT 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

2016

Legal Domicile

Principal Officer

Patrick Higgins

Phone

7078394987

Tax Period

2024-01-01 to 2024-12-31

EEL RIVER RECOVERY PROJECT INC, founded in 2016, is a community nonprofit in the Environment sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 502% from the prior year, signaling strong growth momentum. The organization ran a surplus of $654K, a strong 30% operating margin.

Mission

To empower communities to collaborate in monitoring the ecological conditions of the Eel River. To share information about the health of the watershed and to work together to formulate a restoration strategy.

Program Service Accomplishments

Program 1

Expenses: $1,301,635 Revenue: $1,931,143

The Eel River Recovery Project won a CALFIRE Climate Change Initiative grant, the Tenmile Creek Watershed Forest Health Project, which is to thin 975 acres of forest in northern Mendocino County near the community of Laytonville, California. Hand thinning the forest and creating piles for burning or using lop and scatter methods for broadcast burning, with a total of 925 ares planned for prescribed fire. Services are being provided to private landowners and the Cahto Tribe, with forests on the Cahto Rancheria being thinned. The project is creating local jobs, reducing the risk of catastrophic fire, restoring oak woodlands, and improving biodiversity and is expected to also improve stream base flows, as tree evapotransperation is decreased. Outreach and education are also included in this project.

Program 2

Expenses: $104,576 Revenue: $104,576

The State Water Resources Control Board awarded ERRP a 319h grant funded with use of US EPA money to abate non-point source pollution. The Tenmile Creek Erosion Control and riparian Restoration...

The State Water Resources Control Board awarded ERRP a 319h grant funded with use of US EPA money to abate non-point source pollution. The Tenmile Creek Erosion Control and riparian Restoration Project will repair 620 feet of eroding stream bank, restore the riparian area using living willow and create improved fish habitat for ESA-listed Pacific salmon species.

Program 3

Expenses: $79,861 Revenue: $79,861

The California Department of Water Resources awarded ERRP an Urban Stream Restoration Program Grant for the Town Creek Restoration and Education Project in Covelo in north eastern Mendocino County...

The California Department of Water Resources awarded ERRP an Urban Stream Restoration Program Grant for the Town Creek Restoration and Education Project in Covelo in north eastern Mendocino County. The Project's primary purpose is to treat a 720 foot reach of eroding bank on Town Creek using bioengineering methods, including planning and permitting. ERRP will work with the Round Valley Elementary School and Round Valley High School to involve them in stream restoration and will do outreach to the community to improve stewardship.

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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 $24,906

Program Service Revenue $2,193,069

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,217,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,741

Fundraising Expenses $0

Program Expenses $1,563,561

Other Expenses $1,345,820

TOTAL EXPENSES $1,563,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,217,975	$368,368	+5.0%
Expenses	$1,563,561	$375,828	+3.2%
Net Income	$654,414	$-7,460	-88.7%

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

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

$186,276

Total Directors

Key Employees

$178,873

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Higgins	Board Chair	40	Officer Key Emp Highest	$178,873	$0	$178,873
Imil Ferrara	Treasurer	2	Officer	$7,403	$0	$7,403
Catherine Warren	Trustee	0	Officer	$0	$0	$0
Ernie Merrifield	Trustee	0	Officer	$0	$0	$0
Bryan McFadin	Secretary	0	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
2025	No data	No data	No data	No data
2024	$2,217,975	$1,563,561	$675,031	$654,414
2023	$368,368	$375,828	$20,617	$-7,460
2022	$352,086	$354,488	$22,552	$-2,402
2021	$217,889	$216,767	$24,954	$1,122
2020	$159,051	$162,080	$23,832	$-3,029