Triton Research Institute

Nonprofit profile at a glance

EIN
994709671
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Friendship, ME, USA
Phone
4015738788
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Biological & Life Sciences

Reported finances

Revenue
$502,249
Expenses
$1,740
Assets
$502,249
Liabilities
$1,740

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

Leadership & pay

3 people listed

Executive titles in this filing

  • DUSTIN DELANO (PRESIDENT & TREASURER)

People named in this filing

  • DUSTIN DELANO (PRESIDENT & TREASURER)
  • ANNE HAWKINS (CHAIR)
  • FIONA HOGAN (SECRETARY)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Triton research institute is a nonprofit organization formed exclusively for charitable & educational purposes. Tritons educational activities are focused on modernizing & improving fisheries science, breaking down traditional notions of researchers & research subjects, & advancing the principle that the best available science is the knowledge learned at sea.

What it reported doing in 2024

Research activities: triton intends to further its exempt purposes by engaging in research focused on the promotion of domestic seafood resources & the preservation of fishing heritage. Triton will serve as a focal point for cooperative research that advances scientific pursuits that incorporate the experiential knowledge of fishermen derived from their work in domestic fisheries. Triton intends to actively increase opportunities for members of the domestic fishing industry to participate in research that promotes sustainable fisheries & coastal communities. Research activities were conducted nationwide by tritons staff & affiliates. This research activity is an effective method for furthering tritons exempt purpose by developing high-quality findings that will broaden public understanding of the state of domestic fisheries and the domestic fishing industry.

Operating model

Revenue model
Donor-supported. 100% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 95
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.7%; rating input score 1
  • Program expense ratio: 100%; rating input score 100
  • 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: 99.7%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 288.65; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0.7% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $2K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.