CATFISH FARMERS OF AMERICA

EIN: 710414162

INDIANOLA, MS

Total Revenue
$366,880
Total Expenses
$497,954
Total Assets
$1,457,917
Net Assets
$1,457,917
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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
2001
Legal Domicile
MS
Principal Officer
WILL NOBILE
Phone
6628872699
Tax Period
2023-01-01 to 2023-12-31

CATFISH FARMERS OF AMERICA, founded in 2001, is a small nonprofit that reported $367K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $498K exceeded revenue, resulting in a 36% operating deficit.

Mission

CATFISH FARMERS OF AMERICA IS COMPRISED OF INDIVIDUALS AND BUSINESSES WHOSE PURPOSE IS TO PROMOTE U. S. GROWN CATFISH. THE ORGANIZATION PROVIDES COMMUNICATIONS BETWEEN IT'S MEMBERS, ALONG WITH COMMUNICATIONS TO OTHER PARTIES TO PROMOTE THE INDUSTRY. IT ALSO PROVIDES THE INDUSTRY WITH A MONTHLY NEWSLETTER TO KEEP THE MEMBERS INFORMED ON CURRENT EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $112,759
Program Service Revenue $40,230
Investment Income $29,820
Other Revenue $184,071
TOTAL REVENUE $366,880

Expense Breakdown

Grants Paid $0
Salaries & Benefits $108,643
Fundraising Expenses $0
Program Expenses $497,954
Other Expenses $389,311
TOTAL EXPENSES $497,954

Year-over-Year Comparison

2023 2022 Change
Revenue $366,880 $621,396 -0.4%
Expenses $497,954 $389,210 +0.3%
Net Income $-131,074 $232,186 -1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
2
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
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ALLEN DIRECTOR N/A
Director
$0 $0 $0
BILL BATTLE DIRECTOR N/A
Director
$0 $0 $0
HOUSTON BATTLE DIRECTOR N/A
Director
$0 $0 $0
DICK BAXTER DIRECTOR N/A
Director
$0 $0 $0
DERRY BONE DIRECTOR N/A
Director
$0 $0 $0
JON COOPER DIRECTOR N/A
Director
$0 $0 $0
WALLACE DRURY DIRECTOR N/A
Director
$0 $0 $0
BRAD GRAHAM VICE PRESIDE N/A
Officer Director
$0 $0 $0
JASON GUIDRY DIRECTOR N/A
Director
$0 $0 $0
ANDY JONES DIRECTOR N/A
Director
$0 $0 $0
AUSTIN JONES DIRECTOR N/A
Director
$0 $0 $0
BOBBY JONES DIRECTOR N/A
Director
$0 $0 $0
ROBERT 'SHORTY' JONES CHAIRMAN N/A
Officer Director
$0 $0 $0
STEVE KUETER DIRECTOR N/A
Director
$0 $0 $0
ASHLEY KYSER DIRECTOR N/A
Director
$0 $0 $0
TOWNSEND KYSER TREASURER N/A
Officer Director
$0 $0 $0
CHRIS MCGLAWN DIRECTOR N/A
Director
$0 $0 $0
JONATHAN MILLS DIRECTOR N/A
Director
$0 $0 $0
SID NELSON DIRECTOR N/A
Director
$0 $0 $0
WILL NOBILE DIRECTOR N/A
Director
$0 $0 $0
JOE OGLESBY DIRECTOR- EM N/A
Director
$0 $0 $0
MIKE OWENS DIRECTOR N/A
Director
$0 $0 $0
BEN PENTECOST SECRETARY N/A
Officer Director
$0 $0 $0
ED PENTECOST DIRECTOR N/A
Director
$0 $0 $0
BRAD PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
ANDY PROSSER PRESIDENT N/A
Officer Director
$0 $0 $0
GEORGE SMELLEY DIRECTOR N/A
Director
$0 $0 $0
ANDREW STAINBACK DIRECTOR N/A
Director
$0 $0 $0
BRAD STEVENS DIRECTOR N/A
Director
$0 $0 $0
TRAVIS WILSON DIRECTOR N/A
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 No data No data No data No data
2024 No data No data No data No data
2023 $366,880 $497,954 $1,457,917 $-131,074
2022 $621,396 $389,210 $1,588,991 $232,186
2021 $708,430 $384,663 $1,356,805 $323,767
2020 $384,153 $424,130 $1,033,038 $-39,977
2019 $881,346 $438,232 $1,073,015 $443,114
2018 $789,844 $511,558 $629,901 $278,286
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