KENAI RIVER SPORTFISHING ASSOCIATION (EIN 920142688) - 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

1992

Legal Domicile

Principal Officer

SHANNON MARTIN

Phone

9072628588

Tax Period

2023-01-01 to 2023-12-31

KENAI RIVER SPORTFISHING ASSOCIATION, founded in 1992, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $267K, a strong 15% operating margin.

Mission

KRSA is an educational and conservation organization of sport anglers, conservationists and others whose primary goal is preservation and improvement of salmon habitat while promoting responsible sportfishing on the Kenai River and Alaska.

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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 $1,149,236

Program Service Revenue $0

Investment Income $57,069

Other Revenue $575,517

TOTAL REVENUE $1,781,822

Expense Breakdown

Grants Paid $22,784

Salaries & Benefits $400,349

Fundraising Expenses $321,920

Program Expenses $942,998

Other Expenses $1,091,201

TOTAL EXPENSES $1,514,334

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,781,822	$1,618,372	+0.1%
Expenses	$1,514,334	$1,299,295	+0.2%
Net Income	$267,488	$319,077	-0.2%

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

150

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

$134,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON MARTIN	Executive Direc	40.00	Officer	$134,166	$0	$134,166
JUNA PENNEY	Director	2.00	Director	$0	$0	$0
ELDON MULDER	Director	4.00	Director	$0	$0	$0
JOE BALASH	Director	3.00	Director	$0	$0	$0
KEVIN BRANSON	Sec/Treas	4.00	Officer Director	$0	$0	$0
RIK BUCY	Director	2.00	Director	$0	$0	$0
VERNE MARTELL	Director	2.00	Director	$0	$0	$0
ED FOGELS	Director	2.00	Director	$0	$0	$0
RICK WHITBECK	Director	2.00	Director	$0	$0	$0
LINDA LEARY	Director	2.00	Director	$0	$0	$0
MIKE PAWLOSKI	Director	2.00	Director	$0	$0	$0
KRISTIN MELLINGER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOSH HAYES	Director	2.00	Director	$0	$0	$0
SCOTT HABBERSTAD	Director	2.00	Director	$0	$0	$0
BILL ECKHARDT	Chairman	6.00	Officer Director	$0	$0	$0
Eric Fjelstad	Director	2.00	Director	$0	$0	$0
ROSS BAXTER	Director	2.00	Director	$0	$0	$0
MARK SPENCER	Director	2.00	Director	$0	$0	$0
JIM BRADY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LAURA EDMONDSON	Director	2.00	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
2024	No data	No data	No data	No data
2023	$1,781,822	$1,514,334	$5,305,887	$267,488
2022	$1,618,372	$1,299,295	$4,713,333	$319,077
2021	$1,587,377	$1,209,999	$5,081,756	$377,378
2020	$446,757	$616,726	$4,804,569	$-169,969
2019	$1,178,826	$1,148,409	$4,462,133	$30,417
2018	$1,149,887	$1,220,476	$3,945,541	$-70,589

KENAI RIVER SPORTFISHING ASSOCIATION