Chignik Regional Aquaculture Association

EIN: 920136484

Bellingham, WA

Total Revenue
$120,919
Total Expenses
$167,994
Total Assets
$873,806
Net Assets
$835,117
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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
1990
Legal Domicile
AK
Principal Officer
CHARLES MCCALLUM
Phone
3606475540
Tax Period
2023-01-01 to 2023-12-31

Chignik Regional Aquaculture Association, founded in 1990, is a small nonprofit that reported $121K in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $168K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE LONG-TERM GOAL OF CRAA IS TO INCREASE LOCAL SALMON PRODUCTION. IN ACCORDANCE, CRAA IS COMMITTED TO PROTECTING, ENHANCING AND REHABILITATING CHIGNIK SALMON RESOURCES AND IMPROVING COMMERCIAL FISHERY MANAGEMENT AND STOCK UTILIZATION.

Program Service Accomplishments

Program 1

Monitor the lake system for fluvial changes and possible degredation. Monitor the health of the lake system and health of juvenile salmonoids.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,474
Program Service Revenue $0
Investment Income $20,445
Other Revenue $0
TOTAL REVENUE $120,919

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,814
Fundraising Expenses $0
Other Expenses $94,180
TOTAL EXPENSES $167,994

Year-over-Year Comparison

2023 2022 Change
Revenue $120,919 $62,040 +0.9%
Expenses $167,994 $148,235 +0.1%
Net Income $-47,075 $-86,195 -0.5%
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

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Governance

Voting Members
11
Independent Members
10
Employees
2
Volunteers
10

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
2
$68,500
Total Directors
11
$33,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES MCCALLUM PRESIDENT/CEO 30.0
Officer
$35,500 $0 $35,500
MATTHEW SIEMION TREASURER/SECRETARY/CFO 30.0
Officer Director
$33,000 $0 $33,000
Austin Shangin Chairman 0.5
Director
$700 $0 $700
Marty Takak Director 0.5
Director
$0 $0 $0
Ben Allen DIRECTOR 0.5
Director
$0 $0 $0
H Gary Anderson DIRECTOR 0.5
Director
$0 $0 $0
George Anderson DIRECTOR 0.5
Director
$0 $0 $0
Dean Fasnacht DIRECTOR 0.5
Director
$0 $0 $0
Paul Johnson DIRECTOR 0.5
Director
$0 $0 $0
Harry Kalmakoff Jr DIRECTOR 0.5
Director
$0 $0 $0
Boris Kosbruk Jr DIRECTOR 0.5
Director
$0 $0 $0
DON LIND DIRECTOR 0.5
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 $120,919 $167,994 $873,806 $-47,075
2022 $62,040 $148,235 $871,010 $-86,195
2021 $14,647 $214,898 $984,855 $-200,251
2020 $209,296 $274,232 $1,191,254 $-64,936
2019 $113,709 $271,154 $1,254,674 $-157,445
2018 $387,922 $201,768 $1,415,069 $186,154
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