FLORIDA INSTITUTE FOR SALTWATER HERITAGE INC (EIN 650272644) - 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

1991

Legal Domicile

Phone

9417940043

Tax Period

2024-01-01 to 2024-12-31

FLORIDA INSTITUTE FOR SALTWATER HERITAGE INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $444K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $399K, a strong 90% operating margin.

Mission

FLORIDA INSTITUTE FOR SALTWATER HERITAGE (FISH) IS DEDICATED TO THE PROMOTION, EDUCATION AND PRESERVATION OF CORTEZ AND FLORIDAS COMMERCIAL FISHING AND OTHER TRADITIONAL MARITIME CULTURES INCLUDING THE ENVIRONMENT UPON WHICH THESE COMMUNITIES DEPEND.

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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 $353,073

Program Service Revenue $0

Investment Income $21,774

Other Revenue $69,226

TOTAL REVENUE $444,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,031

Other Expenses $45,254

TOTAL EXPENSES $45,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$444,073	$220,159	+1.0%
Expenses	$45,254	$53,499	-0.2%
Net Income	$398,819	$166,660	+1.4%

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

200

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
KIM MCVEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
JANE VONHAHMANN	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID CADMUS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
PATRICIA POTTS	DIRECTOR	5.00	Director	$0	$0	$0
CYNTHIA RODGERS	DIRECTOR	5.00	Director	$0	$0	$0
TIM CANNIFF	DIRECTOR	5.00	Director	$0	$0	$0
NATHAN MESCHELLE	DIRECTOR	5.00	Director	$0	$0	$0
STEVE BAKER	DIRECTOR	5.00	Director	$0	$0	$0
KAREN BELL	SECRETARY	5.00	Officer Director	$0	$0	$0
ALEXANDER GARNER	DIRECTOR	5.00	Director	$0	$0	$0
LANCE PLOWMAN	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	$444,073	$45,254	$1,785,742	$398,819
2023	$220,159	$53,499	$1,468,280	$166,660
2022	$175,669	$54,413	$1,338,440	$121,256
2021	$80,262	$62,694	$1,238,804	$17,568
2020	$144,214	$64,611	$1,255,970	$79,603
2019	$94,798	$64,509	$1,206,513	$30,289
2018	$111,873	$86,589	$1,205,344	$25,284

FLORIDA INSTITUTE FOR SALTWATER HERITAGE INC