FERRY COVE SHELLFISH INC

EIN: 844611271 501(c)(3) Animal-Related

SHERWOOD, MD

Total Revenue
$1,723,515
Total Expenses
$1,722,759
Total Assets
$152,181
Net Assets
$95,341
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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
2020
Legal Domicile
MD
Principal Officer
STEPHAN ABEL
Phone
4108861006
Tax Period
2023-01-01 to 2023-12-31

FERRY COVE SHELLFISH INC, founded in 2020, is a community nonprofit in the Animal-Related sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 192% from the prior year, signaling strong growth momentum.

Mission

FERRY COVE SHELLFISH IS DESIGNING, PROMOTING AND IMPLEMENTING SUSTAINABLE AQUACULTURE-RELATED ACTIVITIES CONTINUED ON SCHEDULE O

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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 $1,322,417
Program Service Revenue $397,827
Investment Income $0
Other Revenue $3,271
TOTAL REVENUE $1,723,515

Expense Breakdown

Grants Paid $407,116
Salaries & Benefits $838,850
Fundraising Expenses $53,085
Program Expenses $1,510,414
Other Expenses $476,793
TOTAL EXPENSES $1,722,759

Year-over-Year Comparison

2023 2022 Change
Revenue $1,723,515 $589,396 +1.9%
Expenses $1,722,759 $1,275,414 +0.4%
Net Income $756 $-686,018 -1.0%
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
3
Independent Members
3
Employees
7
Volunteers
3

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
1
$216,820
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHAN ABEL PRESIDENT CEO 040.00
Officer
$177,019 $39,801 $216,820
TINA DAVENPORT MEMBER 001.00
Director
$0 $0 $0
JAMES PERDUE MEMBER 001.00
Director
$0 $0 $0
MICHAEL ROMAN MEMBER 001.00
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
2024 No data No data No data No data
2023 $1,723,515 $1,722,759 $152,181 $756
2022 $589,396 $1,275,414 $119,974 $-686,018
2021 $1,478,724 $723,819 $782,377 $754,905
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