Seafood Products Association
Seafood Products Association maintains stable operations with consistent revenue and expenses, reporting no officer compensation.
EIN: 208459653 · Seattle, WA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.0M |
| Transparency Score | 75/100 |
Is Seafood Products Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seafood Products Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seafood Products Association
Seafood Products Association (EIN: 208459653) is a nonprofit organization based in Seattle, WA, classified under NTEE code S41. The organization reported total revenue of $1.2M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seafood Products Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seafood Products Association is a mid-size 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 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-42,434 |
| Total Assets | $2.1M |
| Total Liabilities | $147K |
| Net Assets | $2.0M |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 16.4 months |
Financial Health Grade: B
In 2023, Seafood Products Association reported a deficit of $42K with expenses exceeding revenue, holds 16.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Seafood Products Association's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.6% | -1.4% | -2.3% |
| 2022 | +17.2% | +6.9% | +0.8% |
| 2021 | -10.8% | -2.0% | -5.7% |
| 2020 | +25.3% | -1.5% | +1.2% |
| 2019 | -26.5% | +4.4% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Seafood Products Association 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Seafood Products Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual revenues exceeding $1 million. This could indicate a volunteer-led executive team or that compensation is categorized differently, requiring further scrutiny for a complete understanding of executive remuneration.
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 Seafood Products Association's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could mask executive remuneration if categorized differently.
Strengths
The following positive indicators were identified for Seafood Products Association:
- Consistent revenue generation, generally exceeding $1.2 million annually.
- Stable financial operations with expenses closely matching revenues over time.
- Healthy asset base ($2,107,245 in 2023) relative to annual expenses.
- Low and stable liabilities, indicating good financial management.
- Strong filing compliance with 13 IRS 990 filings available.
Frequently Asked Questions about Seafood Products Association
Is Seafood Products Association a legitimate charity?
Seafood Products Association (EIN: 208459653) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Seafood Products Association spend its money?
Seafood Products Association directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Seafood Products Association tax-deductible?
Seafood Products Association is registered as a tax-exempt nonprofit (EIN: 208459653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seafood Products Association CEO make?
Seafood Products Association's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seafood Products Association's spending goes to programs?
Seafood Products Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seafood Products Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Seafood Products Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seafood Products Association located?
Seafood Products Association is headquartered in Seattle, Washington and files with the IRS under EIN 208459653. It is classified under NTEE code S41.
How many years of IRS 990 filings does Seafood Products Association have?
Seafood Products Association 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 $1.2M in total revenue.
How does the Seafood Products Association fund its operations without reporting officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual. It could mean that executive roles are entirely volunteer-based, or that compensation is paid through a related entity or categorized differently on the 990, such as 'other salaries and wages' rather than 'officer compensation'.
What are the specific program activities undertaken by the Seafood Products Association?
Based on its NTEE code (S41 - Business & Commerce) and name, the organization likely engages in activities supporting the seafood industry, such as advocacy, trade promotion, research, or member services. A detailed look at its Form 990, Part III (Statement of Program Service Accomplishments) would provide specifics.
Why have the organization's assets declined from $3,085,000 in 2017 to $2,107,245 in 2023?
The decline in assets could be due to various factors, including strategic investments, asset depreciation, or a shift in financial strategy. It's important to examine the balance sheet and statement of cash flows in the full 990 filings to understand the specific reasons for this trend.
Filing History
IRS 990 filing history for Seafood Products Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Seafood Products Association's revenue has grown by 22.5%, moving from $1.2M to $1.5M. Total assets decreased by 22.9% over the same period, from $2.7M to $2.1M. Total functional expenses rose by 22.6%, from $1.3M to $1.5M. In its most recent filing year (2023), Seafood Products Association reported a deficit of $42K, with expenses exceeding revenue. The organization holds $147K in liabilities against $2.1M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $2.1M | $147K | — | — |
| 2022 | $1.6M | $1.6M | $2.2M | $153K | — | — |
| 2021 | $1.3M | $1.5M | $2.1M | $122K | — | View 990 |
| 2020 | $1.5M | $1.5M | $2.3M | $124K | — | View 990 |
| 2019 | $1.2M | $1.5M | $2.2M | $126K | — | — |
| 2018 | $1.6M | $1.5M | $2.5M | $105K | — | View 990 |
| 2017 | $1.7M | $1.4M | $3.1M | $328K | — | — |
| 2016 | $1.4M | $1.5M | $3.0M | $521K | — | View 990 |
| 2015 | $1.5M | $1.5M | $3.0M | $544K | — | View 990 |
| 2014 | $978K | $1.4M | $2.8M | $362K | — | View 990 |
| 2013 | $1.6M | $1.6M | $2.9M | $51K | — | View 990 |
| 2012 | $1.4M | $1.2M | $2.8M | $4K | — | View 990 |
| 2011 | $1.2M | $1.3M | $2.7M | $905 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M (revenue -4.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $2.2M (revenue +17.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.5M, and assets of $2.1M (revenue -10.8% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $2.3M (revenue +25.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.5M, and assets of $2.2M (revenue -26.5% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $2.5M (revenue -3.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.4M, and assets of $3.1M (revenue +17.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $3.0M (revenue -5.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $3.0M (revenue +56.2% year-over-year).
- 2014: Revenue of $978K, expenses of $1.4M, and assets of $2.8M (revenue -40.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $2.9M (revenue +21.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $2.8M (revenue +10.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seafood Products Association:
Data Sources and Methodology
This transparency report for Seafood Products 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.