NORTH CAROLINA FISHERIES ASSOCIATION INC (EIN 560930703) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Principal Officer

JOHN SKINNER

Phone

2527266232

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA FISHERIES ASSOCIATION INC, founded in 1952, is a small nonprofit that reported $205K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $198K left a modest 4% surplus.

Mission

TO PROMOTE COMMERCIAL FISHING INDUSTRY

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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 $204,867

Program Service Revenue $0

Investment Income $0

Other Revenue $435

TOTAL REVENUE $205,302

Expense Breakdown

Grants Paid $2,850

Salaries & Benefits $129,271

Fundraising Expenses $0

Other Expenses $65,396

TOTAL EXPENSES $197,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,302	$175,924	+0.2%
Expenses	$197,517	$160,312	+0.2%
Net Income	$7,785	$15,612	-0.5%

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

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT FULCHER	CHAIRMAN	2.00	Director	$0	$0	$0
JOHN G SKINNER	PRESIDENT/SECRETARY	30.00	Officer	$60,000	$0	$60,000
DEWEY HEMILRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MARK VRABLIC	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY POTTER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE DUNBAR	DIRECTOR	1.00	Director	$0	$0	$0
RALPHIE CRADDOCK	DIRECTOR	1.00	Director	$0	$0	$0
RANDY ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY STYRON	DIRECTOR	1.00	Director	$0	$0	$0
HARDY PLYER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF COWARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISSY FULCHER CHHOON	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY JUDY	DIRECTOR	1.00	Director	$0	$0	$0
JESS HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SPRUILL	DIRECTOR	1.00	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
2025	$205,302	$197,517	$45,906	$7,785
2024	$175,924	$160,312	$35,079	$15,612
2023	$221,601	$270,969	$18,526	$-49,368
2022	$272,126	$273,518	$70,240	$-1,392
2021	$372,542	$419,894	$70,948	$-47,352
2020	$278,204	$253,211	$96,689	$24,993

NORTH CAROLINA FISHERIES ASSOCIATION INC