Bering Sea Crab Cooperative
Bering Sea Crab Cooperative shows volatile revenue and asset growth with no executive compensation, but high liabilities.
EIN: 203468991 · Otis, OR · NTEE: K20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $46K |
| Program Spending | 85% |
| Net Assets | $74K |
| Transparency Score | 75/100 |
Is Bering Sea Crab Cooperative Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bering Sea Crab Cooperative directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bering Sea Crab Cooperative
Bering Sea Crab Cooperative (EIN: 203468991) is a nonprofit organization based in Otis, OR, classified under NTEE code K20. The organization reported total revenue of $71K and total assets of $783K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bering Sea Crab Cooperative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bering Sea Crab Cooperative is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $46K |
| Surplus / Deficit | +$51K |
| Total Assets | $501K |
| Total Liabilities | $427K |
| Net Assets | $74K |
| Operating Margin | 53.0% |
| Debt-to-Asset Ratio | 85.3% |
| Months of Reserves | 131.9 months |
Financial Health Grade: A
In 2023, Bering Sea Crab Cooperative reported a surplus of $51K with revenue exceeding expenses, holds 131.9 months of operating reserves (strong position), has a debt-to-asset ratio of 85.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bering Sea Crab Cooperative's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2978.4% | +4.4% | +870.1% |
| 2022 | -93.9% | -42.0% | -34.3% |
| 2021 | -37.9% | -6.8% | -27.7% |
| 2020 | -0.4% | +2.2% | +1.4% |
| 2019 | +6.5% | -0.5% | -34.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bering Sea Crab Cooperative with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bering Sea Crab Cooperative allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 85.3%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with fluctuating revenues.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bering Sea Crab Cooperative's IRS 990 filings:
- High liabilities relative to assets ($427,475 liabilities vs. $501,326 assets in 2023)
- Significant year-over-year financial volatility in revenue and assets, indicating potential instability or reliance on unpredictable funding.
- Expenses frequently exceeding revenue in several years (e.g., 2022, 2021, 2018, 2017, 2016).
Strengths
The following positive indicators were identified for Bering Sea Crab Cooperative:
- Consistent 0% officer compensation, demonstrating a strong commitment to mission-focused spending.
- Significant asset growth in 2023, indicating potential for future program expansion or investment.
- Long filing history (13 filings), suggesting established operations and compliance.
Frequently Asked Questions about Bering Sea Crab Cooperative
Is Bering Sea Crab Cooperative a legitimate charity?
Based on AI analysis of IRS 990 filings, Bering Sea Crab Cooperative (EIN: 203468991) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Bering Sea Crab Cooperative spend its money?
Bering Sea Crab Cooperative directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bering Sea Crab Cooperative tax-deductible?
Bering Sea Crab Cooperative is registered as a tax-exempt nonprofit (EIN: 203468991). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bering Sea Crab Cooperative's spending goes to programs?
Bering Sea Crab Cooperative directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bering Sea Crab Cooperative compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bering Sea Crab Cooperative is above average for NTEE category K20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bering Sea Crab Cooperative located?
Bering Sea Crab Cooperative is headquartered in Otis, Oregon and files with the IRS under EIN 203468991. It is classified under NTEE code K20.
How many years of IRS 990 filings does Bering Sea Crab Cooperative have?
Bering Sea Crab Cooperative has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $71K in total revenue.
What caused the significant increase in assets and liabilities between 2022 and 2023?
The organization's assets grew from $51,677 in 2022 to $501,326 in 2023, while liabilities increased from $29,175 to $427,475. This substantial change suggests a major financial event, such as a large loan, asset acquisition, or significant grant, which would need further investigation of the full 990 forms.
How does the Bering Sea Crab Cooperative manage its high liabilities?
With liabilities of $427,475 against assets of $501,326 in 2023, the organization has a high debt-to-asset ratio. Understanding the nature of these liabilities (e.g., long-term debt, program-specific obligations) and the repayment strategy is crucial for assessing long-term financial stability.
What are the primary sources of revenue for the organization?
Revenue has varied significantly, from $3,150 in 2022 to $96,969 in 2023 and a peak of $297,713 in 2014. Identifying the consistent and major sources of this income (e.g., membership dues, grants, program service fees) would provide insight into its financial resilience.
Filing History
IRS 990 filing history for Bering Sea Crab Cooperative showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bering Sea Crab Cooperative's revenue has declined by 74.4%, moving from $379K to $97K. Total assets increased by 131.5% over the same period, from $217K to $501K. Total functional expenses fell by 83.7%, from $279K to $46K. In its most recent filing year (2023), Bering Sea Crab Cooperative reported a surplus of $51K, with revenue exceeding expenses. The organization holds $427K in liabilities against $501K in assets (debt-to-asset ratio: 85.3%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97K | $46K | $501K | $427K | — | — |
| 2022 | $3K | $44K | $52K | $29K | — | — |
| 2021 | $51K | $75K | $79K | $16K | — | — |
| 2020 | $83K | $81K | $109K | $22K | — | — |
| 2019 | $83K | $79K | $107K | $22K | — | — |
| 2018 | $78K | $79K | $164K | $82K | — | View 990 |
| 2017 | $65K | $73K | $145K | $63K | — | View 990 |
| 2016 | $68K | $83K | $92K | $726 | — | View 990 |
| 2015 | $106K | $82K | $278K | $172K | — | View 990 |
| 2014 | $298K | $255K | $189K | $108K | — | View 990 |
| 2013 | $69K | $232K | $50K | $11K | — | View 990 |
| 2012 | $355K | $356K | $220K | $18K | — | View 990 |
| 2011 | $379K | $279K | $217K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97K, expenses of $46K, and assets of $501K (revenue +2978.4% year-over-year).
- 2022: Revenue of $3K, expenses of $44K, and assets of $52K (revenue -93.9% year-over-year).
- 2021: Revenue of $51K, expenses of $75K, and assets of $79K (revenue -37.9% year-over-year).
- 2020: Revenue of $83K, expenses of $81K, and assets of $109K (revenue -0.4% year-over-year).
- 2019: Revenue of $83K, expenses of $79K, and assets of $107K (revenue +6.5% year-over-year).
- 2018: Revenue of $78K, expenses of $79K, and assets of $164K (revenue +20.3% year-over-year).
- 2017: Revenue of $65K, expenses of $73K, and assets of $145K (revenue -4.9% year-over-year).
- 2016: Revenue of $68K, expenses of $83K, and assets of $92K (revenue -35.7% year-over-year).
- 2015: Revenue of $106K, expenses of $82K, and assets of $278K (revenue -64.4% year-over-year).
- 2014: Revenue of $298K, expenses of $255K, and assets of $189K (revenue +331.5% year-over-year).
- 2013: Revenue of $69K, expenses of $232K, and assets of $50K (revenue -80.6% year-over-year).
- 2012: Revenue of $355K, expenses of $356K, and assets of $220K (revenue -6.2% year-over-year).
- 2011: Revenue of $379K, expenses of $279K, and assets of $217K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bering Sea Crab Cooperative:
Data Sources and Methodology
This transparency report for Bering Sea Crab Cooperative is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.