Kodiak Fisheries Development Association
Kodiak Fisheries Development Association maintains strong solvency with zero executive compensation amidst fluctuating revenues.
EIN: 203665109 · Kodiak, AK · NTEE: S41 · Updated: 2026-03-28
Is Kodiak Fisheries Development Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kodiak Fisheries Development Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kodiak Fisheries Development Association
Kodiak Fisheries Development Association (EIN: 203665109) is a nonprofit organization based in Kodiak, AK, classified under NTEE code S41. The organization reported total revenue of $192K and total assets of $542K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kodiak Fisheries Development Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kodiak Fisheries Development Association is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $22K |
| Surplus / Deficit | +$5K |
| Total Assets | $378K |
| Net Assets | $378K |
| Operating Margin | 20.0% |
| Months of Reserves | 211.0 months |
Financial Health Grade: A
In 2024, Kodiak Fisheries Development Association reported a surplus of $5K with revenue exceeding expenses, holds 211.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Kodiak Fisheries Development Association's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2623.2% | +171.4% | +1.4% |
| 2023 | -97.6% | -72.6% | -13.3% |
| 2022 | +519.5% | -2.8% | +3.0% |
| 2021 | -83.6% | +176.2% | -5.2% |
| 2020 | +14.4% | -74.2% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Kodiak Fisheries Development Association with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kodiak Fisheries Development Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization. This significantly reduces overhead and allows a greater proportion of funds to be directed towards the organization's mission, especially given its modest revenue levels.
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 Kodiak Fisheries Development Association's IRS 990 filings:
- Highly fluctuating annual revenue, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Kodiak Fisheries Development Association:
- Zero reported officer compensation across all filings, indicating a volunteer-driven model.
- No reported liabilities in any filing, demonstrating strong financial solvency.
- Consistent growth in assets over the past decade, from $241,175 in 2015 to $542,429 currently.
- Long and consistent IRS 990 filing history (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Kodiak Fisheries Development Association
Is Kodiak Fisheries Development Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Kodiak Fisheries Development Association (EIN: 203665109) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Kodiak Fisheries Development Association spend its money?
Kodiak Fisheries Development Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kodiak Fisheries Development Association tax-deductible?
Kodiak Fisheries Development Association is registered as a tax-exempt nonprofit (EIN: 203665109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kodiak Fisheries Development Association fund its operations given the fluctuating revenue?
The organization's revenue has varied significantly, from $988 in 2023 to $191,624 in the latest period. Its ability to maintain and grow assets (from $241,175 in 2015 to $542,429 currently) despite these fluctuations, and with zero liabilities, suggests a reliance on accumulated reserves, grants, or other non-operating income sources not detailed in the provided summary.
What specific programs does the organization run to support fisheries development?
While the NTEE code S41 indicates a focus on Economic Development and Small Business Development, the provided financial data does not detail specific program activities. Further investigation into their public statements or full 990 filings would be needed to understand their programmatic impact.
Is the organization's asset growth sustainable given its revenue trends?
The organization has shown consistent asset growth over the past decade, from $241,175 in 2015 to $542,429 currently. This growth, coupled with zero liabilities, suggests prudent financial management and potentially successful investment strategies or significant non-operating contributions, making the asset base appear sustainable even with revenue fluctuations.
Filing History
IRS 990 filing history for Kodiak Fisheries Development Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Kodiak Fisheries Development Association's revenue has declined by 76.1%, moving from $112K to $27K. Total assets increased by 138% over the same period, from $159K to $378K. Total functional expenses fell by 70.4%, from $73K to $22K. In its most recent filing year (2024), Kodiak Fisheries Development Association reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $27K | $22K | $378K | $0 | — | — |
| 2023 | $988 | $8K | $373K | $0 | — | — |
| 2022 | $42K | $29K | $430K | $0 | — | View 990 |
| 2021 | $7K | $30K | $417K | $0 | — | View 990 |
| 2020 | $41K | $11K | $440K | $0 | — | View 990 |
| 2019 | $36K | $42K | $410K | $0 | — | View 990 |
| 2018 | $121K | $49K | $416K | $0 | — | View 990 |
| 2017 | $150K | $71K | $344K | $0 | — | View 990 |
| 2016 | $79K | $55K | $265K | $0 | — | View 990 |
| 2015 | $79K | $13K | $241K | $0 | — | View 990 |
| 2014 | $83K | $46K | $212K | $37K | — | View 990 |
| 2013 | $78K | $47K | $172K | $34K | — | View 990 |
| 2012 | $112K | $73K | $159K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $27K, expenses of $22K, and assets of $378K (revenue +2623.2% year-over-year).
- 2023: Revenue of $988, expenses of $8K, and assets of $373K (revenue -97.6% year-over-year).
- 2022: Revenue of $42K, expenses of $29K, and assets of $430K (revenue +519.5% year-over-year).
- 2021: Revenue of $7K, expenses of $30K, and assets of $417K (revenue -83.6% year-over-year).
- 2020: Revenue of $41K, expenses of $11K, and assets of $440K (revenue +14.4% year-over-year).
- 2019: Revenue of $36K, expenses of $42K, and assets of $410K (revenue -70.6% year-over-year).
- 2018: Revenue of $121K, expenses of $49K, and assets of $416K (revenue -19.0% year-over-year).
- 2017: Revenue of $150K, expenses of $71K, and assets of $344K (revenue +89.1% year-over-year).
- 2016: Revenue of $79K, expenses of $55K, and assets of $265K (revenue +0.3% year-over-year).
- 2015: Revenue of $79K, expenses of $13K, and assets of $241K (revenue -4.5% year-over-year).
- 2014: Revenue of $83K, expenses of $46K, and assets of $212K (revenue +5.6% year-over-year).
- 2013: Revenue of $78K, expenses of $47K, and assets of $172K (revenue -30.2% year-over-year).
- 2012: Revenue of $112K, expenses of $73K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kodiak Fisheries Development Association:
Data Sources and Methodology
This transparency report for Kodiak Fisheries Development Association 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.