Fishchoice Inc

Nonprofit profile at a glance

EIN
261550374
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Fort Collins, CO, USA
Phone
8776420008
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Water Resource, Wetlands Conservation and Management

Official website

Reported finances

Revenue
$3,052,875
Expenses
$3,275,118
Assets
$2,063,369
Liabilities
$1,812,289

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • RICHARD BOOT (PRESIDENT/CEO)

Highest reported compensation

  • RICHARD BOOT (PRESIDENT/CEO): $215,555 total reported compensation
  • KRISTIN SHERWOOD (DIRECTOR OF PROGRAMS): $193,365 total reported compensation
  • BRETT GALIMIDI (DIRECTOR OF TECHNOLOGY): $191,688 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fishchoice inc is organized as a public charity to decrease the environmental impacts of the seafood industry by creating tools to increase the amount of seafood purchased from sustainable sources and decrease the amount of seafood purchased from sources that degrade the environment.

What it reported doing in 2024

Fishchoice has designed, developed now manages a sophisticated web site that provides the following: please visit our website at www.fishchoice.com. 1) commercial seafood buyers are connected with the most environmentally preferred and sustainable seafood suppliers. Sustainable seafood is fish and shellfish that is caught or farmed in ways that maintain healthy populations and have minimum impact on the environment. 2 consumers of seafood products are directed to a web page designed for consumers that educates the public about where they can purchase seafoods from restaurants or retailers that carry sustainable seafoods. 3) all seafood products featured on the fishchoice web site meet the strict ranking and certification criteria of at least one of the environmental community's leading organizations. 4) fishchoice doesn't do any of the ranking or certification. The charity takes the criteria and applies it to matching seafood products. 5) fishchoice collaborates with nine of the world's leading environmental organizations to make sustainable and environmentally preferable seafood more easily accessible. These organizations are as follows: aquaculture stewardship council, national oceanographic and atmospheric administration (noaa), food alliance, fair trade, fishwise, marine stewardship council, monterey bay aquariums seafood watch program, new england aquarium, and seachoice. Fishchoice also contains a sophisticated assessment tool that seafood businesses use to determine the sustainability of their seafood offerings.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 74
  • Accountability: 65
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.8%; rating input score 92
  • Program expense ratio: 85.4%; rating input score 85
  • Fundraising efficiency: $28.97 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • 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: -7.3%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 22.7%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 14.4% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 14.4% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 21.3% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 91.8% of revenue deployed · 85.4% of spending went to programs
  • Governance: 3 of 4 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.8M in reported program spending
  • Leadership: top reported pay $216K · 7 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $752K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.