MIDWATER TRAWLERS COOPERATIVE

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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

1982

Legal Domicile

Phone

5412659317

Tax Period

2020-01-01 to 2020-12-31

MIDWATER TRAWLERS COOPERATIVE, founded in 1982, is a small nonprofit that reported $382K in total revenue in fiscal year 2020. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 15% operating margin.

Mission

TO PROMOTE THE NEEDS OF THE COMMERCIAL FISHING INDUSTRY

Program Service Accomplishments

Program 1

Expenses: $313,568 Revenue: $295,128

TO PROMOTE THE NEEDS OF THE COMMERCIAL FISHING INDUSTRY. ATTEND FISHING COUNCIL MEETINGS AND FORUMS RELATED TO THE COMMERCIAL FISHING INDUSTRY. RESEARCH ISSUES RELATED TO THE COMMERCIAL FISHING...

TO PROMOTE THE NEEDS OF THE COMMERCIAL FISHING INDUSTRY. ATTEND FISHING COUNCIL MEETINGS AND FORUMS RELATED TO THE COMMERCIAL FISHING INDUSTRY. RESEARCH ISSUES RELATED TO THE COMMERCIAL FISHING INDUSTRY. DRAFT WRITTEN PUBLIC COMMENTS IN SUPPORT OF POSITIONS BENEFICIAL TO COMMERCIAL FISHERMEN. ACT AS A LIASON BETWEEN COMMERCIAL FISHERMEN AND DECISION MAKERS WHO IMPACT ISSUES IMPORTANT TO COMMERCIAL FISHERMEN. PROMOTE MARKETING OF SEAFOOD.

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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 (2020)

Revenue Breakdown

Contributions & Grants $86,500

Program Service Revenue $295,128

Investment Income $0

Other Revenue $0

TOTAL REVENUE $381,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $313,568

Other Expenses $322,819

TOTAL EXPENSES $322,819

Year-over-Year Comparison

	2020	2019	Change
Revenue	$381,628	$295,891	+0.3%
Expenses	$322,819	$342,617	-0.1%
Net Income	$58,809	$-46,726	-2.3%

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
DON ASHLEY	DIRECTOR	N/A	Director	$0	$0	$0
N/A	DIRECTOR	N/A	Director	$0	$0	$0
N/A	DIRECTOR	N/A	Director	$0	$0	$0
DAVID JINCKS	DIRECTOR	N/A	Director	$0	$0	$0
N/A	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
N/A	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
N/A	PRESIDENT	N/A	Officer Director	$0	$0	$0
MIKE STOREY	SECRETARY	N/A	Officer	$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
2020	$381,628	$322,819	$105,698	$58,809
2019	$295,891	$342,617	$46,889	$-46,726
2018	$337,657	$365,219	$93,615	$-27,562