World Aquaculture Society Inc

EIN: 581739990 501(c)(3) Science & Technology

Sorrento, LA

Total Revenue
$2,352,623
Total Expenses
$2,371,218
Total Assets
$986,263
Net Assets
$765,867
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
LA
Principal Officer
John Cooksey
Phone
2255783137
Tax Period
2024-04-01 to 2025-03-31

World Aquaculture Society Inc, founded in 1970, is a community nonprofit in the Science & Technology sector that reported $2.4M in total revenue in fiscal year 2024.

Mission

Description of Organization Mission Farmers and Businessmen in a forum to provide for their mutual edification. World Aquaculture promotes the study of mariculture and aquatic science and the dissemination of information in those fields.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $173,207
Program Service Revenue $2,179,416
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,352,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,918
Fundraising Expenses $0
Program Expenses $2,186,591
Other Expenses $2,249,300
TOTAL EXPENSES $2,371,218

Year-over-Year Comparison

2024 2023 Change
Revenue $2,352,623 $2,250,600 +0.0%
Expenses $2,371,218 $2,396,027 0.0%
Net Income $-18,595 $-145,427 -0.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
3
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr David Cline Past-President 004.00
Officer Director
$0 $0 $0
Foluke Areola President-Elect 004.00
Officer Director
$0 $0 $0
Dr Wendy Sealey President 004.00
Officer Director
$0 $0 $0
Dr Matt Parker Treasurer 004.00
Officer Director
$0 $0 $0
Angela Caporelli MS Secretary 004.00
Officer Director
$0 $0 $0
Shivaun Leonard Director 002.00
Director
$0 $0 $0
Yahira Piedrahita Director 002.00
Director
$0 $0 $0
Catrione Macleod Director 002.00
Director
$0 $0 $0
Brian Small Director 002.00
Director
$0 $0 $0
Russell Grice Director 002.00
Director
$0 $0 $0
Benter Anyango Director 002.00
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 $2,352,623 $2,371,218 $986,263 $-18,595
2024 $2,250,600 $2,396,027 $915,231 $-145,427
2023 $2,291,104 $2,246,591 $1,124,600 $44,513
2022 $186,488 $639,319 $1,124,415 $-452,831
2021 $214,348 $637,830 $858,207 $-423,482
2020 $857,249 $796,197 $1,359,751 $61,052
2019 $970,675 $862,290 $2,047,869 $108,385
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