Northern Southeast Regional Aquaculture Association Inc
Nonprofit profile at a glance
- EIN
- 920062550
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Sitka, AK, USA
- Phone
- 9077476850
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fisheries Resources
Reported finances
- Revenue
- $11,066,032
- Expenses
- $11,692,170
- Assets
- $34,106,121
- Liabilities
- $1,669,941
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Highest reported compensation
- SCOTT WAGNER (GENERAL MANA): $254,110 total reported compensation
- ADAM OLSON (OPERATIONS M): $142,715 total reported compensation
- KENNETH GRAY (MAINTENANCE): $124,062 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To increase salmon returns to benefit commercial and other common property useres in northern southeast Alaska.
What it reported doing in 2024
The total expenses of nsraa are directed toward producing salmon fry and smolt at four facilities (medvejie, hidden falls, gunnuk creek & sawmill creek hatcheries), and one lake stocking program at deer lake. The production of salmon fry and smolt are released to the ocean annually, and return in two to four years time, during which the fish are a public resource and belong to the citizens of the state of Alaska. The purpose of raising and releasing salmon is to increase the common property catch and value in salmon fisheries throughout southeast Alaska. Nsraa produces and releases approximately 250 million chum salmon fry, 7.5 million coho smolt, and 3.4 million chinook smolt annually. The value to commercial and sports fisheries is generally in excess of 10 million each year. In 2024, nsraa value to commercial fisheries was 13.40 million.
Operating model
- Revenue model
- Other-operating. 68% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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
STRONG - 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: 80
- Transparency & Controls: 80
- Accountability: 90
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.2%; rating input score 92
- Program expense ratio: 85.6%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.4%; rating input score 99; 33rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.7%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 2.92; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 92.2% of revenue deployed · 85.6% of spending went to programs
- Governance: 25 of 25 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10M in reported program spending
- Leadership: top reported pay $254K · 28 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $823K reported
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 17 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 15/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 54/100.