Valdez Fisheries Development Association Inc

EIN: 920074473 501(c)(3) Animal-Related

Valdez, AK

Total Revenue
$4,752,200
Total Expenses
$4,171,711
Total Assets
$19,431,930
Net Assets
$13,792,642
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
AK
Principal Officer
Thane Miller
Phone
9078354874
Tax Period
2024-06-01 to 2025-05-31

Valdez Fisheries Development Association Inc, founded in 1980, is a community nonprofit in the Animal-Related sector that reported $4.8M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $4.2M left a modest 12% surplus.

Mission

To raise and release salmon fry to guarantee the return of salmon to Port Valdez to support commercial and sport fishing under the control of the Alaska Department of Fish and Game and the PWS Management team.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,499,011
Investment Income $249,560
Other Revenue $3,629
TOTAL REVENUE $4,752,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,841,237
Fundraising Expenses $0
Program Expenses $3,409,594
Other Expenses $2,330,474
TOTAL EXPENSES $4,171,711

Year-over-Year Comparison

2024 2023 Change
Revenue $4,752,200 $6,589,187 -0.3%
Expenses $4,171,711 $4,528,977 -0.1%
Net Income $580,489 $2,060,210 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
45
Volunteers
7

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
6
$199,836
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Wells Executive Dir. 40.00
Officer
$153,495 $0 $153,495
Rob Unger Hatchery Manager 40.00
$106,949 $0 $106,949
Mike Freerksen Asst Hatchery Mgr 40.00
$103,448 $0 $103,448
Rosalyn Espiritu Accountant 40.00
Officer
$43,611 $2,730 $46,341
Thane Miller President 2.00
Officer Director
$0 $0 $0
Edward Day Vice President 0.50
Officer Director
$0 $0 $0
Colleen Stephens Treasurer 0.50
Officer Director
$0 $0 $0
Raymond Sutton Secretary 0.50
Officer Director
$0 $0 $0
Hope Finley Director 0.50
Director
$0 $0 $0
Alan Sorum Director 0.50
Director
$0 $0 $0
George Levasseur Director 0.50
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 $4,752,200 $4,171,711 $19,431,930 $580,489
2024 $6,589,187 $4,528,977 $18,922,559 $2,060,210
2023 $5,700,212 $4,492,582 $17,090,270 $1,207,630
2022 $5,681,425 $4,383,390 $16,996,317 $1,298,035
2021 $6,053,293 $4,594,216 $17,611,531 $1,459,077
2020 $5,674,084 $4,483,746 $16,794,245 $1,190,338
2019 $5,675,353 $4,294,457 $16,228,402 $1,380,896
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