THE CATFISH INSTITUTE (EIN 640729771) - 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

1986

Legal Domicile

Phone

6629779559

Tax Period

2024-01-01 to 2024-12-31

THE CATFISH INSTITUTE, founded in 1986, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Expenses of $2.8M exceeded revenue, resulting in a 41% operating deficit.

Mission

To promote and develop the farm-raised catfish 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 $1,945,234

Program Service Revenue $0

Investment Income $73,660

Other Revenue $0

TOTAL REVENUE $2,018,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,077

Fundraising Expenses $0

Program Expenses $2,838,987

Other Expenses $2,538,910

TOTAL EXPENSES $2,838,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,018,894	$2,029,577	0.0%
Expenses	$2,838,987	$2,062,725	+0.4%
Net Income	$-820,093	$-33,148	+23.7%

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

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

$279,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER BARLOW	President	40.00	Officer	$168,750	$6,600	$175,350
JEREMY ROBBINS	Vice President	40.00	Officer	$103,750	$0	$103,750
JESSE DONAHOO	Director	5.00	Director	$0	$0	$0
BRAD PHILLIPS	Director	5.00	Director	$0	$0	$0
GEORGE SMELLEY	VICE CHAIRMAN	10.00	Officer Director	$0	$0	$0
BUBBA DRURY	Director	5.00	Director	$0	$0	$0
ANDREW STAINBACK	Director	5.00	Director	$0	$0	$0
ANDY JONES	Director	5.00	Director	$0	$0	$0
JASON GUIDRY	Director	5.00	Director	$0	$0	$0
ANDY PROSSER	Director	5.00	Director	$0	$0	$0
BILL BATTLE	Treasurer	5.00	Officer Director	$0	$0	$0
JONATHAN MILLS	Chairman	10.00	Officer Director	$0	$0	$0
BRAD STEVENS	Director	5.00	Director	$0	$0	$0
SOLON SCOTT IV	Director	5.00	Director	$0	$0	$0
DAVID ALLEN	Director	5.00	Director	$0	$0	$0
DEAN BUTCH WILSON	Director	5.00	Director	$0	$0	$0
RIC PERKINS	Director	5.00	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
2024	$2,018,894	$2,838,987	$2,316,971	$-820,093
2023	$2,029,577	$2,062,725	$3,153,053	$-33,148
2022	$1,954,798	$1,926,944	$3,150,066	$27,854
2021	$1,990,280	$1,894,782	$3,120,947	$95,498
2020	$1,864,667	$1,848,659	$3,025,199	$16,008
2019	$1,990,890	$2,264,321	$3,009,191	$-273,431
2018	$1,991,049	$2,143,303	$3,284,127	$-152,254

THE CATFISH INSTITUTE