American Albacore Fishing Assoc Inc

Nonprofit profile at a glance

EIN
870715735
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Bonita, CA, USA
Phone
6197950234
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$3,092,520
Expenses
$3,036,508
Assets
$1,344,487
Liabilities
$1,714,806

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TIMOTHY THOMAS (PRESIDENT)
  • CARL NISH (VICE PRESIDENT)

People named in this filing

  • TIMOTHY THOMAS (PRESIDENT)
  • JJ GERRITSEN (SECRETARY)
  • ERIC HOPFER (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization represents commercial pole and troll vessels. Members have a common business interest whereby they affirm that the commercial tuna industry be converted to more selective and environmentally sensitive methods of fishing.each member agrees that all tuna or albacore caught or otherwise acquired by the member in the pacific ocean waters, utilizing a vessel duly enrolled in the corporation shall be sold, marketed and distributed through the corporation in accordance with he rules.aafa also supports education regarding responsible methods and promotes the health benefits of tuna consumption along with the environmental benefits of sustainable fishery practices.

What it reported doing in 2025

Represented commercial pole and troll vessels in marketing fish products, sales of albacore tuna products caught using poll and troll methods which are environmentally beneficial.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.7%; rating input score 83
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.8%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 1.28; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 90; 90th percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -0.1% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -2.4% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 82.7% of revenue deployed · 84.2% of spending went to programs
  • Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2.6M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.