Kodiak Regional Aquaculture Associ… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

Oliver N Holm

Phone

9074866555

Tax Period

2023-01-01 to 2023-12-31

Kodiak Regional Aquaculture Association, founded in 1983, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $5.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

Provide fisheries rehabilitation, enhancement, and development activities for Kodiak Island, ALaska regional waters.

Program Service Accomplishments

Program 1

Expenses: $2,789,592

Kitoi Bay Hatchery Accounts for the activities associated with the administration and operation of the Kitoi Bay Hatchery.

Program 2

Expenses: $925,641 Revenue: $2,658,138

Pillar Creek Hatchery Accounts for the activities associated with the administration and operation of the Pillar Creek Hatchery.

Program 3

Expenses: $791,844

Research and Monitoring Accounts for the activities associated with the research and monitoring of local fisheries.

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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 $1,212,092

Program Service Revenue $95,000

Investment Income $410,376

Other Revenue $2,591,747

TOTAL REVENUE $4,309,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,227,417

Fundraising Expenses $0

Program Expenses $4,518,801

Other Expenses $3,088,154

TOTAL EXPENSES $5,315,571

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,309,215	$7,194,355	-0.4%
Expenses	$5,315,571	$4,907,541	+0.1%
Net Income	$-1,006,356	$2,286,814	-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

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

$219,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tina M Fairbanks	Executive Dir.	55.00	Officer	$104,296	$15,038	$119,334
Tammy R Hulsey	Adm Mana/Fin Of	50.00	Officer	$84,223	$15,929	$100,152
Oliver N Holm	President	1.00	Officer Director	$0	$0	$0
Wallace F Fields	Vice President	1.00	Officer Director	$0	$0	$0
Darren Platt	Treasurer	1.00	Officer Director	$0	$0	$0
Matt Alward	Director	0.50	Director	$0	$0	$0
Daniel Clarion	Director	0.50	Director	$0	$0	$0
Matt Moir	Director	0.50	Director	$0	$0	$0
Kevin Fisher	Director	0.50	Director	$0	$0	$0
Bryan Horn	Secretary	1.00	Officer Director	$0	$0	$0
Jeff Stephan	Director	0.50	Director	$0	$0	$0
Nicholas Hoffman	Director	0.50	Director	$0	$0	$0
Marko Patitucci	Exec. Committee	0.50	Officer Director	$0	$0	$0
Adam Wischer	Director	0.50	Director	$0	$0	$0
Dave Hilty	Director	0.50	Director	$0	$0	$0
Adelia Myrick	Director	0.50	Director	$0	$0	$0
James Rick Berns	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
2024	No data	No data	No data	No data
2023	$4,309,215	$5,315,571	$25,472,010	$-1,006,356
2022	$7,194,355	$4,907,541	$26,009,011	$2,286,814
2021	$7,975,683	$4,626,024	$25,958,507	$3,349,659
2020	$1,626,870	$4,781,993	$23,254,622	$-3,155,123
2019	$4,721,691	$4,805,121	$25,579,016	$-83,430
2018	$2,453,013	$4,234,923	$25,043,875	$-1,781,910

Kodiak Regional Aquaculture Association