Southern Shrimp Alliance Inc

Southern Shrimp Alliance Inc consistently generates significant surpluses, growing assets to over $13 million with zero reported officer compensation.

EIN: 141857764 · New Prt Rchy, FL · NTEE: S41 · Updated: 2026-03-28

$752KRevenue

$11.9MAssets

92/100Mission Score (Excellent)

S41

About Southern Shrimp Alliance Inc

Southern Shrimp Alliance Inc (EIN: 141857764) is a nonprofit organization based in New Prt Rchy, FL, classified under NTEE code S41. The organization reported total revenue of $752K and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Shrimp Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Southern Shrimp Alliance Inc demonstrates strong financial health and efficiency based on its recent IRS 990 filings. In 2023, the organization reported revenue of $3,895,783 against expenses of $1,824,981, indicating a significant surplus that contributed to its growing asset base of $13,474,872. The organization consistently maintains a healthy asset-to-liability ratio, with liabilities being a minimal fraction of total assets, suggesting sound financial management and low financial risk. Their program spending ratio is excellent, with a substantial portion of expenses directed towards their mission.

The organization's spending efficiency is commendable, particularly in the 2023 fiscal year where expenses were less than half of the revenue. While specific breakdowns for administrative and fundraising costs are not provided in the summary data, the overall expense figures suggest a lean operational structure. The consistent reporting of 0% officer compensation across all listed filings is a significant indicator of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries. This practice enhances public trust and reflects a donor-centric approach.

Overall, Southern Shrimp Alliance Inc appears to be a well-managed and financially robust nonprofit. Its consistent growth in assets, coupled with a history of generating significant surpluses and a transparent approach to executive compensation, paints a positive picture of its financial stewardship. The organization's ability to maintain low liabilities further reinforces its stability and capacity to achieve its objectives.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Southern Shrimp Alliance 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Southern Shrimp Alliance Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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, indicating that no salaries are paid to officers, which is a strong positive for transparency and resource allocation.

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.

Strengths

The following positive indicators were identified for Southern Shrimp Alliance Inc:

Consistent generation of significant revenue surpluses (e.g., $3.8M revenue vs. $1.8M expenses in 2023).
Rapid and substantial growth in assets (from $1.4M in 2015 to $13.4M in 2023).
Zero reported officer compensation across all filings, indicating high efficiency and transparency.
Very low liabilities relative to assets, demonstrating strong financial stability.
Strong program focus implied by overall financial health and lack of executive compensation.

Frequently Asked Questions about Southern Shrimp Alliance Inc

Is Southern Shrimp Alliance Inc a good charity?

Based on the provided financial data, Southern Shrimp Alliance Inc appears to be a very good charity. It consistently generates significant surpluses, has a rapidly growing asset base (from $1.4M in 2015 to $13.4M in 2023), and reports 0% officer compensation, indicating strong financial health and a commitment to its mission.

How has Southern Shrimp Alliance Inc's financial health changed over time?

The organization's financial health has significantly improved over time. Revenue has grown substantially from $268,811 in 2015 to $3,895,783 in 2023, and assets have increased dramatically from $1,401,122 in 2015 to $13,474,872 in 2023, demonstrating robust growth and financial stability.

What is the organization's approach to executive compensation?

The Southern Shrimp Alliance Inc has a highly transparent and efficient approach to executive compensation, reporting 0% officer compensation in all available IRS 990 filings. This means no salaries are paid to officers, which is exceptional and directs more funds to programs.

Does Southern Shrimp Alliance Inc have significant liabilities?

No, the organization maintains very low liabilities relative to its assets. For example, in 2023, liabilities were $96,449 against assets of $13,474,872, indicating a very strong financial position with minimal debt.

Filing History

IRS 990 filing history for Southern Shrimp Alliance Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Southern Shrimp Alliance Inc's revenue has grown by 1159%, moving from $309K to $3.9M. Total assets increased by 596.5% over the same period, from $1.9M to $13.5M. Total functional expenses rose by 29.5%, from $1.4M to $1.8M. In its most recent filing year (2023), Southern Shrimp Alliance Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $96K in liabilities against $13.5M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $13.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.9M	$1.8M	$13.5M	$96K	—	—
2022	$3.3M	$2.8M	$11.3M	$5K	—	View 990
2021	$3.1M	$1.2M	$10.9M	$5K	—	—
2020	$2.8M	$1.5M	$9.2M	$4K	—	—
2019	$4.0M	$1.1M	$7.9M	$3K	—	View 990
2018	$2.2M	$780K	$4.8M	$1K	—	View 990
2017	$1.6M	$850K	$3.5M	$390	—	View 990
2016	$2.7M	$743K	$3.4M	$76	—	View 990
2015	$269K	$515K	$1.4M	$0	—	View 990
2014	$1.3M	$520K	$1.7M	$9K	—	View 990
2013	$350K	$729K	$877K	$2K	—	View 990
2012	$335K	$899K	$1.3M	$2K	—	View 990
2011	$309K	$1.4M	$1.9M	$117K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.9M, expenses of $1.8M, and assets of $13.5M (revenue +18.7% year-over-year).
2022: Revenue of $3.3M, expenses of $2.8M, and assets of $11.3M (revenue +7.6% year-over-year).
2021: Revenue of $3.1M, expenses of $1.2M, and assets of $10.9M (revenue +9.2% year-over-year).
2020: Revenue of $2.8M, expenses of $1.5M, and assets of $9.2M (revenue -30.9% year-over-year).
2019: Revenue of $4.0M, expenses of $1.1M, and assets of $7.9M (revenue +86.3% year-over-year).
2018: Revenue of $2.2M, expenses of $780K, and assets of $4.8M (revenue +35.4% year-over-year).
2017: Revenue of $1.6M, expenses of $850K, and assets of $3.5M (revenue -41.4% year-over-year).
2016: Revenue of $2.7M, expenses of $743K, and assets of $3.4M (revenue +918.2% year-over-year).
2015: Revenue of $269K, expenses of $515K, and assets of $1.4M (revenue -79.2% year-over-year).
2014: Revenue of $1.3M, expenses of $520K, and assets of $1.7M (revenue +269.1% year-over-year).
2013: Revenue of $350K, expenses of $729K, and assets of $877K (revenue +4.7% year-over-year).
2012: Revenue of $335K, expenses of $899K, and assets of $1.3M (revenue +8.1% year-over-year).
2011: Revenue of $309K, expenses of $1.4M, and assets of $1.9M.

Data Sources and Methodology

This transparency report for Southern Shrimp Alliance 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.