Islamorada Charter Boat Association Inc (EIN 592344436) - 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

1983

Legal Domicile

Principal Officer

Dianne Harbaugh

Phone

3055224868

Tax Period

2025-01-01 to 2025-12-31

Islamorada Charter Boat Association Inc, founded in 1983, is a micro nonprofit in the Recreation & Sports sector that reported $65K in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 34% operating margin.

Mission

To promote charter fishing and conservation of fisheries.

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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 (2025)

Revenue Breakdown

Contributions & Grants $59,338

Program Service Revenue $0

Investment Income $5,499

Other Revenue $11

TOTAL REVENUE $64,848

Expense Breakdown

Grants Paid $11,557

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,821

Other Expenses $31,261

TOTAL EXPENSES $42,818

Year-over-Year Comparison

	2025	2024	Change
Revenue	$64,848	$51,183	+0.3%
Expenses	$42,818	$62,560	-0.3%
Net Income	$22,030	$-11,377	-2.9%

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

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

$19,691

Total Directors

$19,691

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dianne Harbaugh	Treasurer	011.00	Officer Director	$19,691	$0	$19,691
Greg Eklund	President	004.00	Officer Director	$0	$0	$0
Zander Hall	Vice President	001.00	Officer Director	$0	$0	$0
Greg Hartlaub	Secretary	001.00	Officer Director	$0	$0	$0
Raymond Biaz	Director	001.00	Director	$0	$0	$0
Dylan Bryan	Director	001.00	Director	$0	$0	$0
Paul Johnson	Director	001.00	Director	$0	$0	$0
Steve Leopold	Director	001.00	Director	$0	$0	$0
Kit Mobley	Director	001.00	Director	$0	$0	$0
Larry Wren	Director	001.00	Director	$0	$0	$0
Wes King	Director	001.00	Director	$0	$0	$0
Bruce Andersen	Director	001.00	Director	$0	$0	$0
Ryan Jenkins	Director	001.00	Director	$0	$0	$0
Joey Spaulding	Director	001.00	Director	$0	$0	$0
Mark Carrenard	Director	001.00	Director	$0	$0	$0
Mike Diaz	Director	001.00	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	$64,848	$42,818	$231,034	$22,030
2024	$51,183	$62,560	$209,004	$-11,377
2023	$26,206	$49,614	$220,380	$-23,408
2022	$49,376	$39,151	$243,788	$10,225
2021	$22,157	$39,516	$233,563	$-17,359
2020	$68,931	$38,552	$250,923	$30,379
2019	$39,076	$34,921	$220,545	$4,155
2018	$43,639	$37,989	$216,390	$5,650

Islamorada Charter Boat Association Inc