UNDERCURRENT INC

EIN: 201660757 501(c)(3) Arts, Culture & Humanities

SAN RAFAEL, CA

Total Revenue
$590,125
Total Expenses
$579,952
Total Assets
$213,322
Net Assets
$202,098
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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
2005
Legal Domicile
CA
Principal Officer
KENNETH SMITH
Phone
4154613014
Tax Period
2024-10-01 to 2025-09-30

UNDERCURRENT INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $590K in total revenue in fiscal year 2024.

Mission

EDUCATION AND SUPPORTING WILD ANIMAL,LAND, OCEAN AND OTHER ENVIRONMENTAL PROTECTION PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $527,018

WE ARE AN INFORMATIVE SUBSCRIPTION-ONLY NEWSLETTER FOR SCUBA DIVERS, EMPHASIZING SAFETY AND DIVING HEALTH, WITH REVIEWING WORLDWIDE DESTINATIONS. WE SEND AND INFORMATIVE FREE EMAIL, WITH DIVING AND...

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WE ARE AN INFORMATIVE SUBSCRIPTION-ONLY NEWSLETTER FOR SCUBA DIVERS, EMPHASIZING SAFETY AND DIVING HEALTH, WITH REVIEWING WORLDWIDE DESTINATIONS. WE SEND AND INFORMATIVE FREE EMAIL, WITH DIVING AND SAFETY INFORMATION, AS WELL AS DIVING NEWS, TO MORE THAN 30,000 SCUBA DIVERS WORLDWIDE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $370,525
Program Service Revenue $211,523
Investment Income $7,939
Other Revenue $138
TOTAL REVENUE $590,125

Expense Breakdown

Grants Paid $373,123
Salaries & Benefits $76,091
Fundraising Expenses $13,979
Program Expenses $527,018
Other Expenses $130,738
TOTAL EXPENSES $579,952

Year-over-Year Comparison

2024 2023 Change
Revenue $590,125 $609,479 0.0%
Expenses $579,952 $665,677 -0.1%
Net Income $10,173 $-56,198 -1.2%
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

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Governance

Voting Members
3
Independent Members
2
Employees
1
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
3
$67,500
Total Directors
3
$67,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH SMITH President 40.00
Officer Director
$67,500 $0 $67,500
MICHAEL SMITH Secretary 1.00
Officer Director
$0 $0 $0
NEIL OSTERGAARD Treasurer 1.00
Officer 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
2025 $590,125 $579,952 $213,322 $10,173
2024 $609,479 $665,677 $214,220 $-56,198
2023 $454,388 $1,405,841 $270,730 $-951,453
2022 $4,526,811 $9,204,577 $1,237,262 $-4,677,766
2021 $8,348,585 $4,732,654 $5,890,053 $3,615,931
2020 $2,013,252 $5,147,862 $2,281,863 $-3,134,610
2020 $2,013,252 $5,147,862 $2,281,863 $-3,134,610
2019 $3,414,305 $5,527,156 $5,408,259 $-2,112,851
2018 $3,944,683 $4,180,113 $95,450 $-235,430
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