Civic Intelligence

Interferry Inc

EIN 61-1764907 • 501(c)6 • Victoria, BC, CA

Profile

Interferry is a highly respected shipping association representing the ferry industry world-wide. There are currently more than 260 member companies, representing more than 1,000 individuals from 40 countries.Interferry's primary purposes are to represent the industry on regulatory and policy matters, to speak on behalf of the worldwide ferry industry, and facilitate networking and communications among our members.

PO Box 53532 RPO BroadmeadVictoria, BC V8X 5K2CA

www.interferry.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.11x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.11x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

43rd percentile

2.4%

Higher net margin than 43% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

17%

Faster asset growth than 78% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Revenue Growth

59th percentile

9.8%

Faster revenue growth than 59% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$2,040,280

Down $53,002 (-2.5%) from 2023

Liabilities

Down

$214,497

Down $101,773 (-32%) from 2023

Net Assets

Up

$1,825,783

Up $48,771 (+2.7%) from 2023

Operations
Liabilities / Revenue40th percentileNet Margin43rd percentile

Revenue

Down

$2,024,595

Down $11,866 (-0.6%) from 2023

Expenses

Up

$1,975,824

Up $401,731 (+26%) from 2023

Net Income

Down

$48,771

Down $413,597 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2015: $765,495Liabilities 2015: $304,057Net Assets 2015: $461,4382015Assets 2016: $737,676Liabilities 2016: $124,281Net Assets 2016: $613,3952016Assets 2017: $920,002Liabilities 2017: $124,423Net Assets 2017: $795,5792017Assets 2018: $1,112,828Liabilities 2018: $191,474Net Assets 2018: $921,3542018Assets 2019: $1,385,337Liabilities 2019: $272,344Net Assets 2019: $1,112,9932019Assets 2020: $1,204,552Liabilities 2020: $186,379Net Assets 2020: $1,018,1732020Assets 2021: $1,268,355Liabilities 2021: $223,532Net Assets 2021: $1,044,8232021Assets 2022: $1,620,792Liabilities 2022: $306,148Net Assets 2022: $1,314,6442022Assets 2023: $2,093,282Liabilities 2023: $316,270Net Assets 2023: $1,777,0122023Assets 2024: $2,040,280Liabilities 2024: $214,497Net Assets 2024: $1,825,7832024

Highlighted filing

2024

Assets$2,040,280
Liabilities$214,497
Net Assets$1,825,783
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,287,345Expenses 2015: $1,150,563Net Income 2015: $136,7822015Revenue 2016: $1,265,495Expenses 2016: $1,113,538Net Income 2016: $151,9572016Revenue 2017: $1,414,898Expenses 2017: $1,225,513Net Income 2017: $189,3852017Revenue 2018: $1,455,215Expenses 2018: $1,334,025Net Income 2018: $121,1902018Revenue 2019: $1,836,824Expenses 2019: $1,645,185Net Income 2019: $191,6392019Revenue 2020: $799,309Expenses 2020: $894,101Net Income 2020: -$94,7922020Revenue 2021: $1,529,650Expenses 2021: $1,472,968Net Income 2021: $56,6822021Revenue 2022: $2,022,641Expenses 2022: $1,752,820Net Income 2022: $269,8212022Revenue 2023: $2,036,461Expenses 2023: $1,574,093Net Income 2023: $462,3682023Revenue 2024: $2,024,595Expenses 2024: $1,975,824Net Income 2024: $48,7712024

Highlighted filing

2024

Revenue$2,024,595
Expenses$1,975,824
Net Income$48,771
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,040,280
Liabilities
$214,497
Net assets
$1,825,783
Revenue
$2,024,595
Expenses
$1,975,824
Net income
$48,771
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.21$1.83$2.02$1.98$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.09$0.32$1.78$2.04$1.57$0.46
2022Detailed filing. Detailed filing data is available for this year.$1.62$0.31$1.31$2.02$1.75$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.22$1.04$1.53$1.47$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.19$1.02$0.80$0.89$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.39$0.27$1.11$1.84$1.65$0.19
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.19$0.92$1.46$1.33$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.12$0.80$1.41$1.23$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.12$0.61$1.27$1.11$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.30$0.46$1.29$1.15$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$2,024,595
Mission and Program Overview

Mission

Interferry, Inc. is a worldwide alliance of ferry owners, operators, and associated marine industries, all of whom provide a forum for sharing knowledge and ideas to promote and enhance the unique and special transportation services of the ferry industry. It has over 200 members from 35 countries.

Interferry is a highly respected shipping association representing the ferry industry world-wide. There are currently more than 260 member companies, representing more than 1,000 individuals from 40 countries.Interferry's primary purposes are to represent the industry on regulatory and policy matters, to speak on behalf of the worldwide ferry industry, and facilitate networking and communications among our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,777,012$1,825,783▲ $48,771
Cash and Non-Interest-Bearing Accounts$1,871,610$1,767,413▼ $104,197
Prepaid Expenses and Deferred Charges$121,676$195,565▲ $73,889
Accounts Receivable$22,173$32,585▲ $10,412
Land, Buildings, and Equipment, Net$304$217▼ $87
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,093,282$2,040,280▼ $53,002
Other Assets Total$77,519$44,500▼ $33,019
Liabilities
Accounts Payable and Accrued Expenses$297,313$190,582▼ $106,731
Deferred Revenue$18,957$23,915▲ $4,958
Total Liabilities$316,270$214,497▼ $101,773
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,777,012$1,825,783▲ $48,771
Total Liabilities and Net Assets / Fund Balance$2,093,282$2,040,280▼ $53,002

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$217$15,649$15,866
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Mike CorriganCEO/SecretaryFT$249,672$249,672
Johan RossKey employeeFT$213,293$213,293

Board Members and Trustees

NameTitle
Tim MooneyChairman/President
Bernard DwyerPresident
Gotz BeckerVice-Chairman
Anders OrgardMember
Anders RundbergMember
Chet PastranaMember
Claes BerglundMember
David SoptaMember
Emanuele GrimaldiMember
Heidi WoldenMember
Mauricio OrozcoMember
Nicolas JimenezMember
Per WestlingMember
Robert CliffordMember
Ronny Moriana GlindemannMember
Seamus MurphyMember
Supapan PichaironarongsongkramMember
Terry MacRaeMember
Torben CarlsenMember
Matthew PortelliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,933,299
Investment Income
$91,296
Other Revenue
$0
Change in Net Assets
$48,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,312,188
Salaries, Compensation, and Employee Benefits$663,636
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$834,328--$834,328
Other Salaries and Wages-$663,636-$663,636
Office Expenses-$283,896-$283,896
Advertising-$39,356-$39,356
Interest-$27,270-$27,270
Other Expenses-$15,224-$15,224
Depreciation Depletion-$87-$87
All Other Expenses-$-10,651-$-10,651
Total Functional Expenses$834,328$1,141,496$0$1,975,824
International Activity

International Summary

Offices
4
Employees
16
Spending
$1,971,316

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeAnnual Members ConferencePromotion of world-wide ferry safety and the environment17$834,328
CanadaProgram ServicesMaintaining member lists and conducting day to day business including coordinating annual members conference.17$688,887
EuropeProgram ServicesConference and promotion of ferry safety project11$299,257
AfricaAnnual Members Conference-11$148,844
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Key employee Shari Corrigan is the spouse of Michael Corrigan the CEO/Secretary.”

Form 990, Part VI, Section A, line 6

“Each member of the Organization pays a membership fee and is entitled to one vote at any general meeting held.”

Form 990, Part VI, Section A, line 7A

“Each member of the Organization pays a membership fee and is entitled to one vote at any general meeting held including votes for the Board of Directors.”

Form 990, Part VI, Section B, line 11B

“Members elect Board of Directors who are charged with regulatory compliance. Board of Director's approve Form 990 for filing. Copies are made available to members upon request.”

Form 990, Part VI, Section C, line 19

“The organization makes the relevant documents available to it's members through its website and upon request.”

Filing and Contact Details

Filer

Filer Name
Interferry Inc
EIN
61-1764907
Phone
2505169308
Address
CA

Signing Officer

Name
Michael Corrigan
Title
CEO
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Corrigan
Formed
1978
Legal Domicile
Ny
Voting Board Members
274
Independent Board Members
274
Employees
0
Volunteers
21

Preparer

Firm
Baker Tilly Victoria Ltd
Address
CA
Preparer
Shawn Strandberg
Phone
2503860500
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“There have been no changes from previous years.”

Raw XML AppendixShowing 400 of 525 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Mike Corrigan
IRS990/Form990PartVIISectionAGrp/PersonNm1Robert Clifford
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IRS990/Form990PartVIISectionAGrp/PersonNm21Johan Ross
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IRS990/MissionDesc0Interferry is a highly respected shipping association representing the ferry industry world-wide. There are currently more than 260 member companies, representing more than 1,000 individuals from 40 countries.Interferry's primary purposes are to represent the industry on regulatory and policy matters, to speak on behalf of the worldwide ferry industry, and facilitate networking and communications among our members.
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