Key West and Lower Keys Fishing Gu… - 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

2004

Legal Domicile

Principal Officer

Brian Stilley

Phone

3053043125

Tax Period

2024-01-01 to 2024-12-31

Key West and Lower Keys Fishing Guides Association Inc, founded in 2004, is a small nonprofit in the Environment sector that reported $178K in total revenue in fiscal year 2024. Revenue surged 232% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 49% operating margin.

Mission

The Lower Keys Guides Association is a non-profit organization of professional fishing guides dedicated to working for a sustainable resource through wise management practices, while recognizing the importance of sport fishing to the economy and cultural heritage of the Florida Keys.

Program Service Accomplishments

Program 1

Expenses: $87,287 Revenue: $128,455

Merkin Fishing Tournament

Program 2

Expenses: $31,246 Revenue: $47,651

Showdown Fishing Tournament

Program 3

Expenses: $1,227 Revenue: $18,850

OC Marine Clean Up Event

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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 $91,696

Program Service Revenue $0

Investment Income $8,560

Other Revenue $77,809

TOTAL REVENUE $178,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,438

Fundraising Expenses $3,761

Program Expenses $119,760

Other Expenses $47,312

TOTAL EXPENSES $90,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,065	$53,562	+2.3%
Expenses	$90,750	$74,129	+0.2%
Net Income	$87,315	$-20,567	-5.2%

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

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
Jared Cyr	Director	2.00	Director	$0	$0	$0
Nick LaBadie	Director	2.00	Director	$0	$0	$0
Brian Holeman	Director	2.00	Director	$0	$0	$0
Andrew Tipler	Director	2.00	Director	$0	$0	$0
Nathaniel Linville	Director	2.00	Director	$0	$0	$0
Nicholas Calabro	Director	2.00	Director	$0	$0	$0
Zach Stells	Director	2.00	Director	$0	$0	$0
Lenny Leonard	Director	2.00	Director	$0	$0	$0
Brian Stilley	President	2.00	Officer	$0	$0	$0
Brandon Cyr	Vice President	2.00	Officer	$0	$0	$0
Chad Huff	Treasurer	5.00	Officer	$0	$0	$0
Bob Beighley	Secretary	2.00	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	$178,065	$90,750	$334,425	$87,315
2023	$53,562	$74,129	$244,854	$-20,567
2022	$146,982	$88,552	$264,634	$58,430
2021	$171,984	$70,959	$206,206	$101,025

Key West and Lower Keys Fishing Guides Association Inc