California Wetfish Producers Assoc… - 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

2003

Legal Domicile

Principal Officer

MARK FINA

Phone

8056935430

Tax Period

2024-04-01 to 2025-03-31

California Wetfish Producers Association, founded in 2003, is a community nonprofit in the Animal-Related sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $346K, a strong 29% operating margin.

Mission

The major goals are to protect and maintain access to wetfish resources in California, promote sustainable production of wetfish resources in California, and facilitate communication within and outside the wetfish industry.

Program Service Accomplishments

Program 1

Expenses: $766,406

CWPA represented interests of member fishery participants, including harvesters and processors, in several forums, including principally with the Pacific Fishery Management Council, the National...

CWPA represented interests of member fishery participants, including harvesters and processors, in several forums, including principally with the Pacific Fishery Management Council, the National Marine Fisheries Service (NMFS), and the California Department of Fish and Wildlife (CDFW). This work is intended to maintain sustainability and access to coastal pelagic species (CPS) fisheries (including squid, anchovy, sardine, mackerel). CPWA has engaged in research to ensure the sustainability of CPS fisheries. Specifically, CWPA has administered nearshore acoustic surveys of CPS in coordination with NMFS and has provided support to CDFW for validation and generation of correction factors for aerial surveys of CPS. CWPA has also surveyed market squid paralarva and conducted related research concerning squid recruitment. CPS is also leading a research project exploring nearshore dynamics of sardine populations.

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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 $1,167,353

Program Service Revenue $0

Investment Income $11,589

Other Revenue $6,685

TOTAL REVENUE $1,185,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,050

Fundraising Expenses $0

Program Expenses $766,406

Other Expenses $681,808

TOTAL EXPENSES $839,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,185,627	$984,046	+0.2%
Expenses	$839,858	$941,371	-0.1%
Net Income	$345,769	$42,675	+7.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FINA	EXECUTIVE DIRECTOR	40.0	Highest	$150,000	$0	$150,000
Ryan Augello	DIRECTOR	2.0	Director	$0	$0	$0
Joe Cappuccio	DIRECTOR	2.0	Director	$0	$0	$0
Richie Ashley	DIRECTOR	2.0	Director	$0	$0	$0
Carter Goetz	DIRECTOR	2.0	Director	$0	$0	$0
Ken Towsley	DIRECTOR	2.0	Director	$0	$0	$0
Nick Jurlin	DIRECTOR	2.0	Director	$0	$0	$0
Porter McHenry	DIRECTOR	2.0	Director	$0	$0	$0
Corbin Hanson	DIRECTOR	2.0	Director	$0	$0	$0
John Barry	DIRECTOR	2.0	Director	$0	$0	$0
Lillo Augello	DIRECTOR	2.0	Director	$0	$0	$0
VINCE TORRE	PRESIDENT	2.0	Officer	$0	$0	$0
NEIL GULIELMO	VICE PRESIDENT	2.0	Officer	$0	$0	$0
Mike Carpenter	Treasurer	2.0	Officer	$0	$0	$0
Diane Pleschner	Secretary	2.0	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	$1,185,627	$839,858	$923,305	$345,769
2024	$984,046	$941,371	$577,536	$42,675
2023	$940,311	$759,368	$534,861	$180,943
2022	$764,338	$507,287	$353,918	$257,051
2021	$471,582	$603,157	$96,867	$-131,575
2020	$331,386	$624,951	$228,442	$-293,565
2019	$376,907	$478,618	$522,007	$-101,711

California Wetfish Producers Association