GULF SHELLFISH INSTITUTE INC (EIN 810747697) - 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

2015

Legal Domicile

Principal Officer

STEPHEN HESTERBERG

Phone

5133132193

Tax Period

2024-01-01 to 2024-12-31

GULF SHELLFISH INSTITUTE INC, founded in 2015, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $505K in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF GSI IS TO FACILITATE, SUPPORT AND ENCOURAGE INCREASED PRODUCTION OF SHELLFISH IN FLORIDA AND THE GULF REGION FOR ECONOMIC AND ENVIRONMENTAL BENEFIT THROUGH COOPERATIVE, INDUSTRY-DRIVEN RESEARCH AND OUTREACH.

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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 $503,121

Program Service Revenue $0

Investment Income $1,829

Other Revenue $0

TOTAL REVENUE $504,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,689

Fundraising Expenses $0

Program Expenses $505,267

Other Expenses $165,579

TOTAL EXPENSES $550,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,950	$234,024	+1.2%
Expenses	$550,268	$227,043	+1.4%
Net Income	$-45,318	$6,981	-7.5%

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS HEMMEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
EDWARD CHILES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ERNESTO LASSO DE LA VEGA EDD	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM ARNOLD PHD	SECRETARY	5.00	Officer Director	$0	$0	$0
JOSEPH CANNON	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH MOORE	DIRECTOR	5.00	Director	$0	$0	$0
JEFFEREY SEDACCA	DIRECTOR	5.00	Director	$0	$0	$0
JOSHUA PATTERSON PHD	DIRECTOR	5.00	Director	$0	$0	$0
DAN FITZ-PATRICK	TREASURER	5.00	Officer Director	$0	$0	$0
ANGELA COLLINS PHD	DIRECTOR	5.00	Director	$0	$0	$0
HEATH DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
STEPHEN HESTERBERG PHD	EXECUTIVE DIRECTOR	40.00	Officer	$85,000	$0	$85,000

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	$504,950	$550,268	$69,446	$-45,318
2023	No data	No data	No data	No data

GULF SHELLFISH INSTITUTE INC