KACHEMAK SHELLFISH MARICULTURE ASSOCIATION INC (EIN 920148106) - 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

1993

Legal Domicile

Principal Officer

SEAN CROSBY

Phone

9072992520

Tax Period

2023-01-01 to 2023-12-31

KACHEMAK SHELLFISH MARICULTURE ASSOCIATION INC, founded in 1993, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $122K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $165K exceeded revenue, resulting in a 35% operating deficit.

Mission

AGRICULTURAL ORGANIZATION

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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 $23,800

Program Service Revenue $0

Investment Income $51

Other Revenue $97,733

TOTAL REVENUE $121,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $164,707

TOTAL EXPENSES $164,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,584	$81,150	+0.5%
Expenses	$164,707	$154,102	+0.1%
Net Income	$-43,123	$-72,952	-0.4%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIE BADER	Vice President	3.00	Officer Director	$0	$0	$0
SIRPA MERZ	Treasurer	3.00	Officer Director	$0	$0	$0
CURTIS MERTZ	President	3.00	Officer Director	$0	$0	$0
STEVE RYKACZEWSKI	Director	3.00	Director	$0	$0	$0
SEAN CROSBY	Secretary	3.00	Officer 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	$121,584	$164,707	$1,272,757	$-43,123
2022	$81,150	$154,102	$1,329,548	$-72,952
2021	$93,367	$145,959	$1,399,615	$-52,592
2020	$87,654	$150,149	$1,431,265	$-62,495
2019	$82,676	$156,504	$1,458,906	$-73,828
2018	$85,640	$164,162	$1,525,426	$-78,522

KACHEMAK SHELLFISH MARICULTURE ASSOCIATION INC