NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC (EIN 920062550) - 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

1977

Legal Domicile

Principal Officer

SCOTT WAGNER

Phone

9077476850

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

TO ASSIST IN THE RESTORATION AND REHABILIATION OF ALASKA'S SALMON STOCKS, AND TO SUPPLEMENT THE FISHERIES OF ALASKA BY UTILIZING ARTIFICAL PROPAGATION TO ENHANCE THE AVAILABILITY OF SALMON TO ALL COMMON PROPERTY USERS, WITHOUT ADVERSELY AFFECTING WILD SALMON STOCKS.

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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 $3,751,557

Program Service Revenue $307,932

Investment Income $987,294

Other Revenue $5,539,110

TOTAL REVENUE $10,585,893

Expense Breakdown

Grants Paid $318,864

Salaries & Benefits $3,974,965

Fundraising Expenses $0

Program Expenses $10,428,389

Other Expenses $7,581,222

TOTAL EXPENSES $11,875,051

Year-over-Year Comparison

	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%

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

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

$231,946

Total Directors

$80,771

Key Employees

Highest Compensated

reported

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

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	$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

NORTHERN SOUTHEAST REGIONAL AQUACULTURE ASSOCIATION INC