WESTWARD FLEET COOPERATIVE

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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

MARCUS ALDEN

Phone

2063419996

Tax Period

2024-01-01 to 2024-12-31

WESTWARD FLEET COOPERATIVE, founded in 1999, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $319K in total revenue in fiscal year 2024.

Mission

THE MAIN PURPOSE OF THE COOPERATIVE IS SUCCESSFUL ALLOCATION OF FISHING RIGHTS TO ITS MEMBERS.

Program Service Accomplishments

Program 1

SUCCESSFULLY ALLOCATED FISHING RIGHTS TO MEMBERS' VESSELS DURING THE CURRENT YEAR A-B SEASONS AND KEPT FISH LANDINGS WITHIN ALLOCATION LIMITS.

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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 $0

Program Service Revenue $319,132

Investment Income $0

Other Revenue $0

TOTAL REVENUE $319,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $319,581

TOTAL EXPENSES $319,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,132	N/A	N/A
Expenses	$319,581	N/A	N/A
Net Income	$-449	$0	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

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
MARCUS ALDEN	PRESIDENT	6.50	Officer Director	$0	$0	$0
BOB DESAUTEL	VICE PRESIDENT	6.50	Officer Director	$0	$0	$0
ELIZABETH REED	TREASURER	2.50	Officer Director	$0	$0	$0
PHIL POWELL	SECRETARY	6.50	Officer 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	$319,132	$319,581	$260,443	$-449
2022	$548,598	$312,952	$553,527	$235,646
2021	$292,373	$303,103	$313,809	$-10,730
2020	$201,359	$226,076	$366,894	$-24,717
2019	$329,556	$313,027	$440,786	$16,529
2018	$546,343	$267,860	$406,976	$278,483