FISH WELFARE INITIATIVE

🔒

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

2020

Legal Domicile

Principal Officer

Haven King-Nobles

Phone

4403401517

Tax Period

2025-01-01 to 2025-12-31

FISH WELFARE INITIATIVE, founded in 2020, is a community nonprofit in the Animal-Related sector that reported $1.2M in total revenue in fiscal year 2025. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $543K, a strong 44% operating margin.

Mission

To improve and advance the welfare interests of fish and other aquatic life used by humans.

Program Service Accomplishments

Program 1

Expenses: $321,559 Revenue: $0

Our Research & Development Department conducted studies to improve fish welfare in India, including satellite monitoring of water quality, potential welfare improvements for fish at the nursery...

Our Research & Development Department conducted studies to improve fish welfare in India, including satellite monitoring of water quality, potential welfare improvements for fish at the nursery farming stage, and improved slaughter. We also developed a welfare assessment protocol for Indian major carps to enhance monitoring tools. Results from these studies are available on our blog and research pages at www.fwi.fish/blog and www.fwi.fish/research.

Program 2

Expenses: $149,713 Revenue: $0

We collaborated with local partners in China to host an Aquatic Animal Welfare Forum and 2 webinars discussing fish welfare. We also conducted in-country field visits and identified key welfare...

We collaborated with local partners in China to host an Aquatic Animal Welfare Forum and 2 webinars discussing fish welfare. We also conducted in-country field visits and identified key welfare improvements for farmed fish in China. We continued building relationships with key Chinese stakeholders that will be significant for advancing the field and idea of fish welfare in China in the next years to come.

Program 3

Expenses: $142,583 Revenue: $0

Through our on-ground staff in India, we supported 179 active farms in adopting higher welfare practices. These practices included lowering stocking densities to sustainable levels and improving...

Through our on-ground staff in India, we supported 179 active farms in adopting higher welfare practices. These practices included lowering stocking densities to sustainable levels and improving water quality management. In 2025, we estimate that this program improved the lives of over 1.9 million fish.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $1,231,137

Program Service Revenue $0

Investment Income $14,472

Other Revenue $0

TOTAL REVENUE $1,245,609

Expense Breakdown

Grants Paid $79,100

Salaries & Benefits $52,446

Fundraising Expenses $3,510

Program Expenses $635,637

Other Expenses $570,983

TOTAL EXPENSES $702,529

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,245,609	$685,238	+0.8%
Expenses	$702,529	$589,622	+0.2%
Net Income	$543,080	$95,616	+4.7%

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

Total Directors

$35,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Haven King-Nobles	Executive Director	40	Director	$35,100	$0	$35,100
Krzysztof Wojtas	Trustee	0.25	Director	$0	$0	$0
Tony Senanayake	Trustee	0.25	Director	$0	$0	$0
Ameer Virani	Trustee, Board President	0.25	Officer	$0	$0	$0
Laura Gough	Trustee, Board Secretary	0.25	Officer	$0	$0	$0
Kyle Lucchese	Trustee, Board Treasurer	0.25	Officer	$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	$1,245,609	$702,529	$805,218	$543,080
2024	$685,238	$589,622	$260,909	$95,616
2023	$687,881	$705,135	$165,351	$-17,254
2022	$368,854	$493,269	No data	$-124,415
2021	$563,009	$278,071	$285,414	$284,938
2021	$563,009	$278,071	$285,414	$284,938
2020	$98,480	$39,693	$58,787	$58,787