American Fly Fishing Trade Associa… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Lucas Bissett

Phone

4062008398

Tax Period

2024-01-01 to 2024-12-31

American Fly Fishing Trade Association Inc, founded in 2008, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $293K exceeded revenue, resulting in a 63% operating deficit.

Mission

To promote the sustained growth of the fly fishing industry.

Program Service Accomplishments

Program 1

Expenses: $190,084 Revenue: $43,200

Represented the industry of Fly Fishing on the Federal, State and Local level. Engaged in virtual and in-person meetings to keep the industry informed and educated on the latest trends, techniques...

Represented the industry of Fly Fishing on the Federal, State and Local level. Engaged in virtual and in-person meetings to keep the industry informed and educated on the latest trends, techniques and tips to run a successful business.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $134,190

Program Service Revenue $43,200

Investment Income $2,523

Other Revenue $0

TOTAL REVENUE $179,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,072

Fundraising Expenses $0

Program Expenses $190,084

Other Expenses $152,910

TOTAL EXPENSES $292,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,913	$358,367	-0.5%
Expenses	$292,982	$431,917	-0.3%
Net Income	$-113,069	$-73,550	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lucas Bissett	Executive Dir.	40.00	Officer	$90,000	$0	$90,000
Patrick Berry	Director	1.00	Director	$0	$0	$0
Jim Bartschi	Director	1.00	Director	$0	$0	$0
Beth Brennan	Director	1.00	Director	$0	$0	$0
Hogan Brown	Director	1.00	Director	$0	$0	$0
Harris Buddig	Director	1.00	Director	$0	$0	$0
Ryan Hamilton	Director	1.00	Director	$0	$0	$0
Hilary Hutcheson	Director	1.00	Director	$0	$0	$0
Jim Murphy	Director	1.00	Director	$0	$0	$0
Tyler O'Neill	Director	1.00	Director	$0	$0	$0
Jillian Tisdale	Director	1.00	Director	$0	$0	$0
Tim Volk	Director	1.00	Director	$0	$0	$0
Corinne Doctor	Chair	2.00	Officer Director	$0	$0	$0
Jin Choi	Vice Chair	1.00	Officer Director	$0	$0	$0
Joe Wolthuis	Secretary	1.00	Officer Director	$0	$0	$0
Nick Conklin	Treasurer	2.00	Officer 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	$179,913	$292,982	$323,380	$-113,069
2023	$358,367	$431,917	$439,528	$-73,550
2022	$376,329	$398,443	$505,389	$-22,114
2021	$504,305	$416,287	$609,309	$88,018
2020	$117,716	$544,025	$460,408	$-426,309
2019	$762,382	$836,614	$996,229	$-74,232
2018	$963,886	$630,731	$1,079,535	$333,155

American Fly Fishing Trade Association Inc