CLEAN OCEAN ACTION INC (EIN 222897204) - 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

1984

Legal Domicile

Principal Officer

CINDY ZIPF

Phone

7328720111

Tax Period

2025-01-01 to 2025-12-31

CLEAN OCEAN ACTION INC, founded in 1984, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. Expenses of $986K left a modest 14% surplus.

Mission

CLEAN OCEAN ACTION'S GOAL IS TO IMPROVE AND PROTECT THE WATERS OFF THE NEW JERSEY/NEW YORK COAST FROM POLLUTION, PLASTICS, INDUSTRIALIZATION AND CLIMATE CHANGE WITH RESEARCH, EDUCATION AND CITIZEN ACTION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,058,031

Program Service Revenue $0

Investment Income $83,949

Other Revenue $0

TOTAL REVENUE $1,141,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $646,171

Fundraising Expenses $39,083

Program Expenses $845,045

Other Expenses $339,356

TOTAL EXPENSES $985,527

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,141,980	$1,248,086	-0.1%
Expenses	$985,527	$1,130,634	-0.1%
Net Income	$156,453	$117,452	+0.3%

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

10235

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

$202,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM FAGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF MARTIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
VALERIE MONTECALVO	TREASURER	1.00	Officer Director	$0	$0	$0
JOEY GAROFALO	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL CLEARY	TRUSTEE	1.00	Director	$0	$0	$0
MELANIE DALY	TRUSTEE	1.00	Director	$0	$0	$0
JIM LOVGREN	TRUSTEE	1.00	Director	$0	$0	$0
SHARI NASTASI	TRUSTEE	1.00	Director	$0	$0	$0
CINDY ZIPF	EXEC. DIRECT	60.00	Officer	$98,800	$13,394	$112,194
KARI MARTIN	MAN. & OPER.	50.00	Officer	$90,375	$0	$90,375

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	$1,141,980	$985,527	$3,423,472	$156,453
2024	$1,248,086	$1,130,634	$3,246,114	$117,452
2023	$1,113,806	$1,005,329	$3,140,455	$108,477
2022	$1,458,828	$776,979	$3,024,259	$681,849
2021	$1,202,304	$740,612	$2,345,043	$461,692
2020	$1,062,553	$800,938	$1,967,892	$261,615
2019	$814,179	$739,436	$1,611,698	$74,743
2018	$932,295	$698,847	$1,537,126	$233,448

CLEAN OCEAN ACTION INC