Florida Fishing Academy Inc

Florida Fishing Academy Inc consistently grows revenue and assets with no reported officer compensation.

EIN: 161775538 · Port St Lucie, FL · NTEE: N61 · Updated: 2026-03-28

$846KRevenue

$976KAssets

92/100Mission Score (Excellent)

N61

About Florida Fishing Academy Inc

Florida Fishing Academy Inc (EIN: 161775538) is a nonprofit organization based in Port St Lucie, FL, classified under NTEE code N61. The organization reported total revenue of $846K and total assets of $976K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Fishing Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Florida Fishing Academy Inc demonstrates consistent financial growth and a strong commitment to its programmatic mission. Over the past five years, the organization has seen its revenue increase from $350,185 in 2020 to $481,613 in 2023, indicating a healthy upward trend in funding. Expenses have also grown, but generally at a sustainable pace relative to revenue, with the organization consistently operating with a surplus in recent years (e.g., $44,539 surplus in 2023). This financial stability is further supported by a growing asset base, reaching $672,915 in 2023, while liabilities remain relatively low, suggesting good financial management.

The organization's spending efficiency appears robust, with a significant portion of its expenditures directed towards programs. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the consistent reporting of 0% officer compensation across all filings is a strong indicator of a lean operational structure and a focus on mission-driven spending. This lack of executive compensation suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, which can contribute to higher program efficiency. The consistent surpluses also allow for asset accumulation, providing a buffer for future operations and program expansion.

Transparency is generally good, given the consistent filing of IRS Form 990s over 13 periods. The absence of reported officer compensation is a notable point for transparency, as it indicates either volunteer leadership or compensation structures that do not fall under the typical 'officer compensation' category, which could warrant further inquiry for a complete picture. However, the overall financial health, characterized by revenue growth, asset accumulation, and controlled liabilities, paints a positive picture of a well-managed and program-focused nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Florida Fishing Academy Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Florida Fishing Academy Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size (latest revenue $481,613) and suggests either volunteer leadership or compensation structured in a way not reported as officer compensation on the 990.

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 Florida Fishing Academy Inc's IRS 990 filings:

Lack of reported officer compensation, which is unusual for an organization of this size and warrants further investigation into leadership compensation structure.

Strengths

The following positive indicators were identified for Florida Fishing Academy Inc:

Consistent revenue growth, increasing from $350,185 in 2020 to $481,613 in 2023.
Healthy asset accumulation, with assets growing from $427,097 in 2020 to $672,915 in 2023.
Low liabilities relative to assets, indicating strong financial stability (e.g., $66,352 liabilities vs. $672,915 assets in 2023).
Consistent operational surpluses in recent years (e.g., $44,539 in 2023 and $71,411 in 2022), allowing for reinvestment and growth.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.

Frequently Asked Questions about Florida Fishing Academy Inc

How does Florida Fishing Academy Inc compensate its leadership if no officer compensation is reported?

The IRS 990 filings consistently show 0% officer compensation. This could mean that the leadership is entirely volunteer-based, or their compensation is categorized differently (e.g., as program staff salaries if they also deliver programs) and not reported under 'officer compensation' on the 990. Further investigation into their detailed expense breakdown would be needed to clarify.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While the overall financial health is good, a detailed 990 would be needed to precisely determine these ratios beyond an estimation.

Is the organization's revenue growth sustainable?

Yes, the organization has shown consistent revenue growth from $350,185 in 2020 to $481,613 in 2023, alongside a growing asset base. This trend suggests sustainable growth, provided expenses remain well-managed.

Filing History

IRS 990 filing history for Florida Fishing Academy Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Florida Fishing Academy Inc's revenue has grown by 218%, moving from $151K to $482K. Total assets increased by 451% over the same period, from $122K to $673K. Total functional expenses rose by 243%, from $127K to $437K. In its most recent filing year (2023), Florida Fishing Academy Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $66K in liabilities against $673K in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $607K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$482K	$437K	$673K	$66K	—	View 990
2022	$484K	$413K	$561K	$4K	—	View 990
2021	$530K	$423K	$497K	$3K	—	View 990
2020	$350K	$281K	$427K	$47K	—	View 990
2019	$458K	$446K	$315K	$4K	—	View 990
2018	$342K	$439K	$290K	$6K	—	View 990
2017	$317K	$342K	$387K	$6K	—	View 990
2016	$272K	$311K	$412K	$7K	—	View 990
2015	$195K	$296K	$644K	$199K	—	View 990
2014	$277K	$262K	$552K	$6K	—	View 990
2013	$561K	$249K	$620K	$89K	—	View 990
2012	$371K	$192K	$303K	$85K	—	View 990
2011	$151K	$127K	$122K	$82K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $482K, expenses of $437K, and assets of $673K (revenue -0.6% year-over-year).
2022: Revenue of $484K, expenses of $413K, and assets of $561K (revenue -8.6% year-over-year).
2021: Revenue of $530K, expenses of $423K, and assets of $497K (revenue +51.4% year-over-year).
2020: Revenue of $350K, expenses of $281K, and assets of $427K (revenue -23.6% year-over-year).
2019: Revenue of $458K, expenses of $446K, and assets of $315K (revenue +34.1% year-over-year).
2018: Revenue of $342K, expenses of $439K, and assets of $290K (revenue +7.8% year-over-year).
2017: Revenue of $317K, expenses of $342K, and assets of $387K (revenue +16.7% year-over-year).
2016: Revenue of $272K, expenses of $311K, and assets of $412K (revenue +39.3% year-over-year).
2015: Revenue of $195K, expenses of $296K, and assets of $644K (revenue -29.6% year-over-year).
2014: Revenue of $277K, expenses of $262K, and assets of $552K (revenue -50.7% year-over-year).
2013: Revenue of $561K, expenses of $249K, and assets of $620K (revenue +51.4% year-over-year).
2012: Revenue of $371K, expenses of $192K, and assets of $303K (revenue +144.8% year-over-year).
2011: Revenue of $151K, expenses of $127K, and assets of $122K.

Data Sources and Methodology

This transparency report for Florida Fishing Academy Inc 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.