Gulf Intracoastal Canal Association

EIN: 742533871

Covington, LA

Total Revenue
$388,858
Total Expenses
$429,794
Total Assets
$817,403
Net Assets
$816,722
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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
1905
Legal Domicile
LA
Phone
9853026666
Tax Period
2025-01-01 to 2025-12-31

Gulf Intracoastal Canal Association, founded in 1905, is a small nonprofit that reported $389K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $430K exceeded revenue, resulting in a 11% operating deficit.

Mission

The mission of the Gulf Intracoastal Canal Association (GICA) is to facilitate commerce through ensuring safe, reliable, and efficient Gulf Coast waterways.

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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 $380,390
Program Service Revenue $0
Investment Income $8,468
Other Revenue $0
TOTAL REVENUE $388,858

Expense Breakdown

Grants Paid $0
Salaries & Benefits $239,719
Fundraising Expenses $4,909
Program Expenses $344,439
Other Expenses $190,075
TOTAL EXPENSES $429,794

Year-over-Year Comparison

2025 2024 Change
Revenue $388,858 $420,784 -0.1%
Expenses $429,794 $488,848 -0.1%
Net Income $-40,936 $-68,064 -0.4%
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

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Governance

Voting Members
13
Independent Members
13
Employees
1
Volunteers
20

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
4
$225,755
Total Directors
12
$0
Key Employees
1
$225,755
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Dittman President 40.00
Officer Key Emp Highest
$209,217 $16,538 $225,755
Patrick Smith State Director for MS 1.00
Director
$0 $0 $0
Terry Gilbreath State Director for AL 1.00
Director
$0 $0 $0
William Lensmeyer State Director for FL 1.00
Director
$0 $0 $0
Matt Woodruff Treasurer 3.00
Officer Director
$0 $0 $0
Kelly Teichman Secretary 2.00
Officer Director
$0 $0 $0
Patrick Morton Chairman 1.00
Officer Director
$0 $0 $0
Mason Eustis At Large Director 1.00
Director
$0 $0 $0
Alex Pucheu At Large Director 1.00
Director
$0 $0 $0
Anna Whittemore State Director for LA 1.00
Director
$0 $0 $0
Todd Clower Chair Elect 1.00
Director
$0 $0 $0
Lori Brownell State Director for TX 1.00
Director
$0 $0 $0
Tracey Cheramie At Large Director 1.00
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 $388,858 $429,794 $817,403 $-40,936
2024 No data No data No data No data
2023 $414,257 $445,549 $927,806 $-31,292
2022 $398,749 $473,644 $959,159 $-74,895
2021 $409,265 $497,058 $1,042,194 $-87,793
2018 $405,034 $363,110 $1,105,272 $41,924
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