CENTRAL BERING SEA FISHERMEN'S ASSOCIATION (EIN 920142892) - 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

RAYMOND MELOVIDOV

Phone

9075462597

Tax Period

2024-01-01 to 2024-12-31

CENTRAL BERING SEA FISHERMEN'S ASSOCIATION, founded in 1992, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2024. The organization ran a surplus of $9.4M, a strong 53% operating margin.

Mission

TO REPRESENT THE ST PAUL ISLAND COMMUNITY DEVELOPMENT QUOTA (CDQ) (SEE SCHEDULE O)PROGRAM ESTABLISHED BY THE FEDERAL GOVERNMENT IN 1992.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,617,135

Investment Income $3,343,772

Other Revenue $5,824,222

TOTAL REVENUE $17,785,129

Expense Breakdown

Grants Paid $1,206,724

Salaries & Benefits $2,169,412

Fundraising Expenses $0

Program Expenses $3,353,082

Other Expenses $5,016,405

TOTAL EXPENSES $8,392,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,785,129	$17,448,332	+0.0%
Expenses	$8,392,541	$7,442,164	+0.1%
Net Income	$9,392,588	$10,006,168	-0.1%

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

100

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

$1,446,580

Total Directors

$1,493,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF KAUFFMAN	CHIEF EXECUTIVE OFFICER/VP	40.00	Officer Director	$473,684	$115,111	$588,795
MYRON MELOVIDOV	OPERATIONS SUPERVISOR/CHAIRMAN	40.00	Director	$284,304	$87,234	$371,538
JOHN RICARDO MERCULIEF	DIRECTOR	2.00	Director	$193,845	$4,693	$198,538
RENA KUDRIN	OFFICE MANAGER/SECRETARY & TREASURER	40.00	Officer Director	$134,322	$90,977	$225,299
DANIEL PORATH	DIRECTOR	2.00	Director	$37,795	$0	$37,795
AMOS PHILEMONOFF	DIRECTOR	10.00	Director	$23,479	$11,585	$35,064
PHILLIP LESTENKOF	DIRECTOR	2.00	Director	$9,229	$10,589	$19,818
JASON BOURDUKOFSKY SR	DIRECTOR	2.00	Director	$6,000	$0	$6,000
MICHAEL BALDWIN	DIRECTOR	2.00	Director	$4,500	$6,272	$10,772
RAYMOND MELOVIDOV	PRESIDENT	40.00	Officer	$244,066	$101,878	$345,944
CONSTANTINE KASHEVAROF	CHIEF FINANCIAL OFFICER	40.00	Officer	$192,758	$93,784	$286,542
JENNIFER HAUSMANN	ADMINISTRATIVE ASSISTANT/ACCOUNTANT	40.00	Highest	$148,381	$59,142	$207,523
SHIONA MELOVIDOV	HR	40.00	Highest	$124,790	$59,389	$184,179
PETER BOURDUKOFSKY	HEAVY EQPMT OPERATOR/MNTNCE FOREMAN	40.00	Highest	$124,049	$70,542	$194,591
SEAN HEAD	ANALYST/ACCOUNTANT	40.00	Highest	$119,513	$87,867	$207,380
EDWARD PAULUS	HEAVY EQPMT OPERATOR/MECHANIC	40.00	Highest	$118,042	$43,857	$161,899

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	$17,785,129	$8,392,541	$119,546,802	$9,392,588
2023	$17,448,332	$7,442,164	$117,582,870	$10,006,168
2022	$16,513,805	$7,525,341	$132,635,114	$8,988,464
2021	$29,049,738	$11,070,267	$143,186,710	$17,979,471
2020	$22,823,517	$8,818,008	$136,152,099	$14,005,509
2019	$25,418,108	$8,793,934	$135,092,889	$16,624,174
2018	$15,103,137	$7,803,756	$132,095,912	$7,299,381

CENTRAL BERING SEA FISHERMEN'S ASSOCIATION