At-Sea Processors Association (EIN 911277396) - 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

1985

Legal Domicile

Principal Officer

Stephanie Madsen

Phone

2062855139

Tax Period

2023-01-01 to 2023-12-31

At-Sea Processors Association, founded in 1985, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

To promote the highest standards in producing seafood.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,426,824

Program Service Revenue $0

Investment Income $1,110

Other Revenue $0

TOTAL REVENUE $1,427,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $914,058

Fundraising Expenses $0

Other Expenses $794,769

TOTAL EXPENSES $1,708,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,427,934	$1,472,665	0.0%
Expenses	$1,708,827	$1,413,037	+0.2%
Net Income	$-280,893	$59,628	-5.7%

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

N/A

Employees

N/A

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

$315,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephanie Madsen	Executive Dir.	40.00	Officer	$315,000	$0	$315,000
Mike Hyde	Director	1.00	Director	$0	$0	$0
Doug Christiansen	Director	1.00	Director	$0	$0	$0
Jim Johnson	Officer	1.00	Director	$0	$0	$0
Chris Swasand	Director	1.00	Director	$0	$0	$0
Wally Pereyra	Director	1.00	Director	$0	$0	$0
Inge Andreassen	Director	1.00	Director	$0	$0	$0
Joe Bundrant	Director	1.00	Director	$0	$0	$0
Mike Coleman	Director	1.00	Director	$0	$0	$0
Mike Luchino	Director	1.00	Director	$0	$0	$0
Stefanie Mareland	Director	1.00	Director	$0	$0	$0
Eric Deakin	Director	1.00	Director	$0	$0	$0
Trent Hartill	Officer	1.00	Director	$0	$0	$0
Anne Vandehoeven	Officer	1.00	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
2024	No data	No data	No data	No data
2023	$1,427,934	$1,708,827	$74,431	$-280,893
2022	$1,472,665	$1,413,037	$356,294	$59,628
2021	$1,160,093	$1,212,477	$287,344	$-52,384
2020	$1,354,332	$1,187,291	$252,043	$167,041
2020	$1,354,332	$1,099,767	$339,727	$254,565
2019	$1,499,950	$1,482,697	$104,224	$17,253
2018	$1,458,283	$1,415,281	$99,281	$43,002

At-Sea Processors Association