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Top Rated

Trout Unlimited (National Office)

CharityWatch report issued
October 2021

Top-Rated Charity
CharityWatch Grade
Our independent grade based
on a number of factors.
Program Percentage
Amount spent on programs
relative to overhead.
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Trout Unlimited (National Office)
1777 N Kent St
Suite 100
Arlington, VA 22209-2110

Other Names


Tax Status




Stated Mission

To conserve, protect, and restore North America's coldwater fisheries and their watersheds.

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Data based on Fiscal Year Ended 03/31/2020

Program Percentage: 86%

The percentage of Trout Unlimited (National Office)'s cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).


Calculated Total Expenses



Cost to Raise $100: $10

How many dollars Trout Unlimited (National Office) spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Joint Costs

Trout Unlimited (National Office)'s rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
86% $9
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
Trout Unlimited Audited Financial Statements 38-1612715
Trout Unlimited IRS Form 990 38-1612715
Entity: Trout Unlimited
Document Type: Audited Financial Statements
Tax ID: 38-1612715
Entity: Trout Unlimited
Document Type: IRS Form 990
Tax ID: 38-1612715

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
Trout Unlimited (National Office)
meets governance benchmarks.
Trout Unlimited (National Office)
meets transparency benchmarks.
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Christopher Wood President/CEO $409,876
2 Matt Renaud CFO $232,890
3 Roderick Vogel Chief Development Officer $220,696
Name: Christopher Wood
Title: President/CEO
Compensation: $409,876
Name: Matt Renaud
Title: CFO
Compensation: $232,890
Name: Roderick Vogel
Title: Chief Development Officer
Compensation: $220,696

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of Trout Unlimited (TU) is for the National Office based in Arlington, VA (tax ID #38-1612715). The rating does not include the financial activities of the locally-based Trout Unlimited chapters and councils. TU has "approximately 340,000 members and supporters in over 400 chapters and councils nationwide," according the TU audit of March 31, 2020 (Note 1 re: Organization).

According to the Trout Unlimited (TU) audit of March 31, 2020 (Note 12, Subsequent Events):

"In preparing these [audited] financial statements, TU has evaluated events and transactions for potential recognition or disclosure through October 30, 2020, the date the financial statements were issued.

"On March 11, 2020, the World Health Organization declared the Coronavirus disease (COVID-19) a global pandemic. As a result of the spread of COVID-19, economic uncertainties have arisen which may negatively impact TU's operations. The overall potential impact is unknown at this time.

"On April 21, 2020, TU entered into a two-year promissory note agreement in the amount of $3,337,300 with a 1% fixed interest rate under the Paycheck Protection Program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note, unless otherwise forgiven. Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the promissory note may be forgiven by the Small Business Administration in whole or in part."

According to the Trout Unlimited (TU) audit of March 31, 2020 (Note 1 re: Risks and uncertainties):

"TU invests in various investment securities. Investment securities are exposed to various risks such as interest rates, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the accompanying [audited] financial statements."