SITKA, AK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC, founded in 1977, is a mid-sized nonprofit in the Animal-Related sector that reported $10.6M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $11.9M exceeded revenue, resulting in a 12% operating deficit.
TO INCREASE SALMON RETURNS TO BENEFIT COMMERCIAL AND OTHER COMMON PROPERTY USERES IN NORTHERN SOUTHEAST ALASKA.
THE TOTAL EXPENSES OF NSRAA ARE DIRECTED TOWARD PRODUCING SALMON FRY AND SMOLT AT FOUR FACILITIES (MEDVEJIE, HIDDEN FALLS, GUNNUK CREEK & SMC HATCHERIES), AND ONE LAKE STOCKING PROGRAM AT DEER LAKE...
THE TOTAL EXPENSES OF NSRAA ARE DIRECTED TOWARD PRODUCING SALMON FRY AND SMOLT AT FOUR FACILITIES (MEDVEJIE, HIDDEN FALLS, GUNNUK CREEK & SMC HATCHERIES), AND ONE LAKE STOCKING PROGRAM AT DEER LAKE. THE PRODUCTION OF SALMON FRY AND SMOLT ARE RELEASED TO THE OCEAN ANNUALLY, AND RETURN IN TWO TO FOUR YEARS TIME, DURING WHICH THE FISH ARE A PUBLIC RESOURCE AND BELONG TO THE CITIZENS OF THE STATE OF ALASKA. THE PURPOSE OF RAISING AND RELEASING SALMON IS TO INCREASE THE COMMON PROPERTY CATCH AND VALUE IN SALMON FISHERIES THROUGHOUT SOUTHEAST ALASKA. NSRAA PRODUCES AND RELEASES APPROXIMATELY 250 MILLION CHUM SALMON FRY, 7.5 MILLION COHO SMOLT, AND 3.4 MILLION CHINOOK SMOLT ANNUALLY. THE VALUE TO COMMERCIAL AND SPORTS FISHERIES IS GENERALLY IN EXCESS OF 10 MILLION EACH YEAR. IN 2023, NSRAA VALUE TO COMMERCIAL FISHERIES WAS 9.45 MILLION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $10,585,893 | $15,227,742 | -0.3% |
| Expenses | $11,875,051 | $10,718,939 | +0.1% |
| Net Income | $-1,289,158 | $4,508,803 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SCOTT WAGNER | GENERAL MANA | 40.00 |
Officer
|
$193,671 | $34,478 | $228,149 |
| ADAM OLSON | OPERATIONS M | 40.00 |
Highest
|
$120,936 | $17,712 | $138,648 |
| KENNETH GRAY | MAINTENANCE | 40.00 |
Highest
|
$103,577 | $16,776 | $120,353 |
| HOLLIS JENNINGS | BOARD MEMBER | 1.00 |
Director
|
$31,691 | $0 | $31,691 |
| CHRIS YSTAD | BOARD MEMBER | 1.00 |
Director
|
$17,850 | $0 | $17,850 |
| ZACHERY OLSON | BOARD MEMBER | 1.00 |
Director
|
$6,820 | $0 | $6,820 |
| JOHN JENSEN | BOARD MEMBER | 1.00 |
Director
|
$4,710 | $0 | $4,710 |
| CALEB ROBBINS | BOARD VICE P | 1.00 |
Officer
Director
|
$3,797 | $0 | $3,797 |
| BRIAN MASSEY | BOARD MEMBER | 1.00 |
Director
|
$3,736 | $0 | $3,736 |
| DAVE GIBSON | BOARD MEMBER | 1.00 |
Director
|
$2,836 | $0 | $2,836 |
| MATT GIAMBRONE | BOARD MEMBER | 1.00 |
Director
|
$2,773 | $0 | $2,773 |
| HENRICH KADAKE SR | BOARD MEMBER | 1.00 |
Director
|
$1,898 | $0 | $1,898 |
| MAX WORHATCH | BOARD MEMBER | 1.00 |
Director
|
$1,598 | $0 | $1,598 |
| WILLIAM BERGMANN | BOARD MEMBER | 1.00 |
Director
|
$1,553 | $0 | $1,553 |
| JAY HENDRICKS | BOARD MEMBER | 1.00 |
Director
|
$1,509 | $0 | $1,509 |
| JUSTIN PEELER | BOARD PRESID | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEBORAH LYONS | BOARD SEC/TR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN BLANKENSHIP | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KORD CHRISTIANSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE CISNEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC DAUGHERTY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL DAVIDSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JACQUELINE FOSS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC JORDAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT LESH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES MOORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DON SPIGELMYRE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KARLE WOLFE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $10,585,893 | $11,875,051 | $36,496,231 | $-1,289,158 |
| 2023 | $15,227,742 | $10,718,939 | $36,532,704 | $4,508,803 |
| 2022 | $10,229,590 | $9,448,042 | $30,442,556 | $781,548 |
| 2021 | $8,155,106 | $9,386,162 | $30,334,736 | $-1,231,056 |
| 2020 | $9,173,758 | $9,051,415 | $33,848,431 | $122,343 |
| 2019 | $20,826,540 | $8,609,473 | $33,059,831 | $12,217,067 |
| 2018 | $7,564,330 | $8,291,558 | $20,047,578 | $-727,228 |
Compare NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC with other nonprofits in Alaska and across the country.