World Ocean School Inc (EIN 020610358) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Phone

6178169247

Tax Period

2024-01-01 to 2024-12-31

World Ocean School Inc, founded in 2002, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Experiential education at sea that empowers, motivates and inspires positive community engagement.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,323,868

Program Service Revenue $491,712

Investment Income $1,962

Other Revenue $0

TOTAL REVENUE $1,817,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $904,335

Fundraising Expenses $223,588

Program Expenses $1,412,642

Other Expenses $1,014,904

TOTAL EXPENSES $1,919,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,817,542	$1,682,734	+0.1%
Expenses	$1,919,239	$1,736,203	+0.1%
Net Income	$-101,697	$-53,469	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$217,461

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eden Leonard	Executive Director	40.00	Key Emp	$106,298	$4,299	$110,597
Steve Kirk	VP of Operations	40.00	Key Emp	$102,708	$4,156	$106,864
Mike Atkins	Director former chair	2.00	Director	$0	$0	$0
Joe Crimmins	Director	2.00	Director	$0	$0	$0
Lisa Abbott	Director	2.00	Director	$0	$0	$0
Steve Briggs	Director	2.00	Director	$0	$0	$0
Matt Handy	Director	2.00	Director	$0	$0	$0
Caroline Joyce	Director	2.00	Director	$0	$0	$0
Tyler Murphy	Director	2.00	Director	$0	$0	$0
Terance McMahon	Director	2.00	Director	$0	$0	$0
Camille McKayle	Director	2.00	Director	$0	$0	$0
Amanda Pullen Crone	Director	2.00	Director	$0	$0	$0
Glen Palmer	Director	2.00	Director	$0	$0	$0
Chris Sauer	Director	2.00	Director	$0	$0	$0
Anne Tiffin	Director	2.00	Director	$0	$0	$0
Matt Wilder	Director	2.00	Director	$0	$0	$0
Carol Rosner	Chair	2.00	Officer	$0	$0	$0
Cassie Scarano	Vice Chair	2.00	Officer	$0	$0	$0
Fred Eustis	Treasurer	2.00	Officer	$0	$0	$0
Christina Knopp	Secretary	2.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,817,542	$1,919,239	$2,984,135	$-101,697
2023	$1,683,135	$1,765,101	$2,976,717	$-81,966
2022	$2,521,661	$1,660,114	$3,090,594	$861,547
2021	$1,828,128	$1,278,082	$1,840,039	$550,046
2020	$902,476	$1,149,924	$1,831,994	$-247,448
2019	$1,211,128	$1,153,067	$1,747,358	$58,061
2018	$1,544,686	$1,116,056	$1,630,735	$428,630

World Ocean School Inc