UNDERCURRENT INC (EIN 201660757) - 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

2005

Legal Domicile

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.

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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 $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

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

$67,500

Total Directors

$67,500

Key Employees

Highest Compensated

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

UNDERCURRENT INC