BONEFISH & TARPON TRUST INC

EIN: 650988321 501(c)(3) Animal-Related

MIAMI, FL

Total Revenue
$2,442,536
Total Expenses
$4,113,189
Total Assets
$1,981,013
Net Assets
$498,073
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
FL
Principal Officer
JIM MCDUFFIE
Phone
7866189479
Tax Period
2025-01-01 to 2025-06-30

BONEFISH & TARPON TRUST INC, founded in 1999, is a community nonprofit in the Animal-Related sector that reported $2.4M in total revenue in fiscal year 2025. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 68% operating deficit.

Mission

TO CONSERVE AND RESTORE BONEFISH, TARPON AND PERMIT FISHERIES AND HABITATS THROUGH RESEARCH, STEWARDSHIP, EDUCATION AND ADVOCACY

Program Service Accomplishments

Program 1
Expenses: $3,551,718

PROVIDING SUPPORT TO VARIOUS PROGRAMS STUDYING THE BEHAVIOR OF BONEFISH, TARPON, AND PERMIT

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,440,842
Program Service Revenue $0
Investment Income $11,369
Other Revenue $-9,675
TOTAL REVENUE $2,442,536

Expense Breakdown

Grants Paid $1,301,336
Salaries & Benefits $1,069,029
Fundraising Expenses $0
Program Expenses $3,551,718
Other Expenses $1,742,824
TOTAL EXPENSES $4,113,189

Year-over-Year Comparison

2025 2024 Change
Revenue $2,442,536 $5,496,257 -0.6%
Expenses $4,113,189 $5,203,667 -0.2%
Net Income $-1,670,653 $292,590 -6.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
26
Employees
17
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
9
$394,074
Total Directors
31
$394,074
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD BREWER PAST CHAIRMAN 0.00
Officer Director
$0 $0 $0
BILL HORN VICE CHAIR EMERITUS 0.00
Officer Director
$0 $0 $0
JIM MCDUFFIE PRESIDENT 40.00
Officer Director
$376,074 $18,000 $394,074
TOM DAVIDSON CHAIRMAN EMERITUS 0.00
Officer Director
$0 $0 $0
RUSS FISHER VICE CHAIRMAN EMERITUS 0.00
Officer Director
$0 $0 $0
CARL NAVARRE CHAIRMAN 10.00
Officer Director
$0 $0 $0
JEFF HARKAVY DIRECTOR 0.00
Director
$0 $0 $0
STU APTE DIRECTOR 0.00
Director
$0 $0 $0
JOHN ABPLANALP DIRECTOR 0.00
Director
$0 $0 $0
RICH ANDREWS DIRECTOR 0.00
Director
$0 $0 $0
RODNEY BARRETO DIRECTOR 0.00
Director
$0 $0 $0
TIM O'BRIEN DIRECTOR 0.00
Director
$0 $0 $0
EVAN CARRUTHERS VICE CHAIR 5.00
Officer Director
$0 $0 $0
ADOLPHUS A BUSCH IV DIRECTOR 0.00
Director
$0 $0 $0
JOHN DAVIDSON TREASURER 0.00
Officer Director
$0 $0 $0
JERRY KLAUER DIRECTOR 0.00
Director
$0 $0 $0
CLARKE OHRSTROM DIRECTOR 0.00
Director
$0 $0 $0
SANDY MORET DIRECTOR 0.00
Director
$0 $0 $0
AMBROSE MONELL DIRECTOR 0.00
Director
$0 $0 $0
KRIS ROCKWELL DIRECTOR 0.00
Director
$0 $0 $0
JOHN JOHNS SECRETARY 0.00
Officer Director
$0 $0 $0
RICK RUOFF DIRECTOR 0.00
Director
$0 $0 $0
ADELAIDE SKOGLUND DIRECTOR 0.00
Director
$0 $0 $0
DOUG KILPATRICK DIRECTOR 0.00
Director
$0 $0 $0
ALI GENTRY FLOTA DIRECTOR 0.00
Director
$0 $0 $0
TOM FRAZER DIRECTOR 0.00
Director
$0 $0 $0
MIKE LARKIN DIRECTOR 0.00
Director
$0 $0 $0
THORPE MCKENZIE DIRECTOR 0.00
Director
$0 $0 $0
JENNIFER REHAGE DIRECTOR 0.00
Director
$0 $0 $0
VAUGHN ROBERTS DIRECTOR 0.00
Director
$0 $0 $0
NOAH VALENSTEIN DIRECTOR 0.00
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 $2,442,536 $4,113,189 $1,981,013 $-1,670,653
2024 No data No data No data No data
2023 $5,279,132 $5,081,692 $2,494,890 $197,440
2022 $3,835,027 $3,924,905 $2,231,762 $-89,878
2021 $3,763,572 $3,438,243 $2,159,678 $325,329
2020 $2,733,363 $2,768,213 $1,774,065 $-34,850
2019 $3,299,751 $3,362,961 $1,688,335 $-63,210
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