INSTITUTE FOR FISHERIES RESOURCES

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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

Michael Conroy

Phone

4155613474

Tax Period

2020-01-01 to 2020-12-31

INSTITUTE FOR FISHERIES RESOURCES, founded in 1992, is a small nonprofit in the Unknown sector that reported $139K in total revenue in fiscal year 2020. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $198K exceeded revenue, resulting in a 42% operating deficit.

Mission

Inspired by the fishing community, our mission is to protect fish populations, unite resources stakeholders, and restore aquatic habitats.

Program Service Accomplishments

Program 1

Expenses: $177,184 Revenue: $0

Accomplishments include: organize and unite the commercial fishing community to protect fisheries resources and provide for a sound and sustainable economy, provide a collaborative forum for fishing men and women to develop and improve fisheries policy, develop strategic alliances among fishing groups, conservation organizations, government agencies and scientists to ensure that resource protection and conservation issues are properly addressed, educate the community to promote sustainability harvested seafood through outreach events, newsletters and social media.

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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 $139,411

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $139,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,906

Fundraising Expenses $0

Program Expenses $177,184

Other Expenses $53,521

TOTAL EXPENSES $198,427

Year-over-Year Comparison

	2020	2019	Change
Revenue	$139,414	$249,963	-0.4%
Expenses	$198,427	$235,839	-0.2%
Net Income	$-59,013	$14,124	-5.2%

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

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

$226,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glen Spain	NW Regional Director	40	Director	$60,000	$60,000	$120,000
Michael Conroy	Executive Director	30	Director	$53,199	$53,199	$106,398
Ben Platt	Trustee	0.1	Director	$0	$0	$0
Mike Hudson	Trustee	0.1	Director	$0	$0	$0
Larry Collins	Trustee	0.1	Director	$0	$0	$0
Chuck Capatto	Trustee	0.1	Director	$0	$0	$0
Dave Bitts	Trustee	0.1	Director	$0	$0	$0
Mike McCorkle	Trustee	0.1	Director	$0	$0	$0
Bill Ward	Trustee	0.1	Director	$0	$0	$0
Lori French	Trustee	0.1	Director	$0	$0	$0
Mike Ricketts	Trustee	0.1	Director	$0	$0	$0
Pietro Parravano	President	0.1	Director	$0	$0	$0
Barbara Emley	Vice President	0.1	Director	$0	$0	$0
Lorne Edwards	Secretary & Treasurer	0.1	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
2020	$139,414	$198,427	$57,855	$-59,013
2019	$249,963	$235,839	$107,550	$14,124