Unisea Fleet Cooperative (EIN 912013343) - 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

1999

Legal Domicile

Principal Officer

Tod Hendricks

Phone

2062826996

Tax Period

2025-01-01 to 2025-12-31

Unisea Fleet Cooperative, founded in 1999, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $292K in total revenue in fiscal year 2025. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $256K left a modest 12% surplus.

Mission

To promote orderly and efficient harvest of groundfish.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $292,162

Investment Income $9

Other Revenue $0

TOTAL REVENUE $292,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $256,399

TOTAL EXPENSES $256,399

Year-over-Year Comparison

	2025	2024	Change
Revenue	$292,171	$190,006	+0.5%
Expenses	$256,399	$271,670	-0.1%
Net Income	$35,772	$-81,664	-1.4%

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

N/A

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
Tod Hendricks	President	0.40	Officer Director	$0	$0	$0
George Hall	Director	0.20	Director	$0	$0	$0
Chris Swasand	Vice President	0.20	Officer Director	$0	$0	$0
Fred Yeck	Director	0.20	Director	$0	$0	$0
Rick Mezich	Director	0.20	Director	$0	$0	$0
Jeff Kaufman	Director	0.20	Director	$0	$0	$0
Jonathan D X Towne	Secy.,Treasurer	0.20	Officer Director	$0	$0	$0
Jerry Downing	Director	0.20	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	$292,171	$256,399	$48,153	$35,772
2022	$310,083	$238,347	$131,209	$71,736
2021	$240,008	$217,296	$59,473	$22,712
2020	$262,003	$255,767	$36,761	$6,236
2019	$245,621	$253,133	$30,525	$-7,512
2018	$107,317	$186,920	$12,673	$-79,603

Unisea Fleet Cooperative