Ether Sea Projects Inc DBA Litmus Press (EIN 201637770) - 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

Legal Domicile

Principal Officer

E TRACY GRINNELL

Phone

7182885530

Tax Period

2023-01-01 to 2023-12-31

Ether Sea Projects Inc DBA Litmus Press is a small nonprofit in the Arts, Culture & Humanities sector that reported $232K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum.

Mission

LITMUS PRESS IS A PROGRAM OF ETHER SEA PROJECTS, INC., A 501(C)(3) NON-PROFIT LITERATURE AND ARTS ORGANIZATION. WE ARE DEDICATED TO PUBLISHING INNOVATIVE, CROSS-GENRE, AND INTERDISCIPLINARY WORK BY POETS, WRITERS, TRANSLATORS, AND ARTISTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $191,181

Program Service Revenue $36,205

Investment Income $4,251

Other Revenue $0

TOTAL REVENUE $231,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,979

Fundraising Expenses $12,859

Program Expenses $220,179

Other Expenses $174,576

TOTAL EXPENSES $252,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,637	$126,550	+0.8%
Expenses	$252,555	$154,399	+0.6%
Net Income	$-20,918	$-27,849	-0.2%

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

N/A

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

$22,000

Total Directors

$22,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E TRACY GRINNELL	Executive Dir.	4.00	Officer Director	$22,000	$0	$22,000
ERICA KAUFMAN	Secretary	2.00	Director	$0	$0	$0
KYOO LEE	Director	1.00	Director	$0	$0	$0
ARIEL RESNIKOFF	Treasurer	4.00	Director	$0	$0	$0
SUSAN BEE	Director	1.00	Director	$0	$0	$0
PIERRE JORIS	Vice President	1.00	Director	$0	$0	$0
OMAR BERRADA	President	2.00	Director	$0	$0	$0
TOM WHITE	Trustee	0.50	Director	$0	$0	$0
SIMONE FATTAL	Trustee	0.50	Director	$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	No data	No data	No data	No data
2023	$231,637	$252,555	$8,104	$-20,918

Ether Sea Projects Inc DBA Litmus Press