SALMONFLY PROJECT

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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

2022

Legal Domicile

Principal Officer

MIKE KOOPAL

Phone

4134463669

Tax Period

2024-01-01 to 2024-12-31

SALMONFLY PROJECT, founded in 2022, is a small nonprofit in the Animal-Related sector that reported $159K in total revenue in fiscal year 2024. The organization ran a surplus of $31K, a strong 20% operating margin.

Mission

THE MISSION OF THE SALMONFLY PROJECT IS TO CONSERVE AQUATIC INSECTS FOR FUTURE GENERATIONS THROUGH MONITORING, RESEARCH, EDUCATION, AND SOUND MANAGEMENT AND RESTORATION PRACTICES.

Program Service Accomplishments

Program 1

Expenses: $91,844 Revenue: $158,958

PROGRAM ACCOMPLISHMENTS FOR 2024: THE SALMONFLY PROJECT (SFP) SUCCESSFULLY INTIATED FOUR NEW AQUATIC INSECT AND HABITAT MONITORING PROJECTS AND FOUR NEW RESEARCH PROJECTS ACROSS MONTANA, IDAHO, UTAH, AND OREGON. IN ADDITION, SFP CONTINUED TO RUN THEIR RESEARCH AND MONITORING PROGRAMS INTIATED IN PRIOR YEARS (2022-2023), WHILE SUCCESSFULLY FINISHING THEIR CONTRACTED CONSULTATION WORK WITH THE LOLO NATIONAL FOREST OF MONTANA. THESE PROJECTS CUMULATIVELY RESULTED IN SFP PUBLISHING FIVE TECHINICAL REPORTS, TWO SCIENTIFIC PAPERS, AND THREE EDUCATIONAL ARTICLES IN 2024. SFP ALSO ENGAGED AND EDUCATED OVER 50 VOLUNTEERS DURING THEIR 2024 FIELD SEASON AND GAVE FIVE EDUCATIONAL SEMINARS. IN COLLABORATION WITH UTAH STATE UNIVERSITY AND THE UTAH DEPARTMENT OF NATURAL RESOURCES, SFP LISTED THE GIANT SALMONFLY AS A UTAH SPECIES OF GREATEST CONSERVATION NEED (SGCN). SFP WAS ALSO INVITED BY MONTANA FISH WILDLIFE AND PARKS TO ASSESS WHETHER GIANT SALMONFLIES ALSO MERIT LISTING AS A SGCN IN MONTANA. IN TOTAL, THESE ACCOMPLISHMENTS HAVE HELPED SFP FULFILL ITS MISSION TO CONSERVE AQUATIC INSECTS BY BETTER QUANTIFYING INSECT DECLINES, IDENTIFYING CAUSES AND CONSERVATION SOLUTIONS, EDUCATING THE PUBLIC, AND INTEGRATING VULNERABLE SPECIES INTO MANAGEMENT PLANS.

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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 $158,958

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $158,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,349

Fundraising Expenses $0

Program Expenses $99,459

Other Expenses $15,197

TOTAL EXPENSES $127,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,958	N/A	N/A
Expenses	$127,546	N/A	N/A
Net Income	$31,412	N/A	N/A

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE KOOPAL	PRESIDENT	2.50	Officer	$0	$0	$0
MAGGIE HEUMANN	SECRETARY	1.70	Officer Director	$0	$0	$0
RENEE FALTINGS	TREASURER	5.00	Officer Director	$0	$0	$0
BRENNA SHEA	BOARD MEMBER	1.50	Director	$0	$0	$0
RICK WOLLUM	BOARD MEMBER	1.50	Director	$0	$0	$0
KYLE TOYAMA	BOARD MEMBER	1.50	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	No data	No data	No data	No data
2024	$158,958	$127,546	$79,366	$31,412