SOUTHEAST COASTAL OCEAN OBSERVING REGIONAL ASSOCIATION

EIN: 261215705 501(c)(3) Community Improvement

CHARLESTON, SC

Total Revenue
$7,375,802
Total Expenses
$7,274,068
Total Assets
$3,359,786
Net Assets
$1,240,773
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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
2008
Legal Domicile
SC
Principal Officer
DEBRA HERNANDEZ
Phone
8439068686
Tax Period
2024-07-01 to 2025-06-30

SOUTHEAST COASTAL OCEAN OBSERVING REGIONAL ASSOCIATION, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

SECOORA, THE SOUTHEAST COASTAL OCEAN OBSERVING REGIONAL ASSOCIATION, IS THE REGIONAL SOLUTION TO INTEGRATING COASTAL AND OCEAN OBSERVING DATA AND INFORMATION IN THE SOUTHEAST UNITED STATES.

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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 $7,332,525
Program Service Revenue $0
Investment Income $0
Other Revenue $43,277
TOTAL REVENUE $7,375,802

Expense Breakdown

Grants Paid $6,156,998
Salaries & Benefits $790,179
Fundraising Expenses $1,817
Program Expenses $7,240,616
Other Expenses $326,891
TOTAL EXPENSES $7,274,068

Year-over-Year Comparison

2024 2023 Change
Revenue $7,375,802 $6,572,973 +0.1%
Expenses $7,274,068 $6,630,415 +0.1%
Net Income $101,734 $-57,442 -2.8%
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
11
Independent Members
11
Employees
7
Volunteers
11

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
6
$200,056
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN HAGUE BOARD MEMBER 1.00
Director
$0 $0 $0
DUANE DE FREESE BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN FRANKS BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN HALL BOARD MEMBER 1.00
Director
$0 $0 $0
JIM MURLEY BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
GARY MITCHUM AT LARGE 1.00
Officer Director
$0 $0 $0
EVELIEN VANDERKLOET SECRETARY 1.00
Officer Director
$0 $0 $0
JEFF COPELAND TREASURER 1.00
Officer Director
$0 $0 $0
WILLIAM SAVIDGE VICE CHAIR 1.00
Officer Director
$0 $0 $0
PATRICK BARRINEAU CHAIR 1.00
Officer Director
$0 $0 $0
DEBRA HERNANDEZ EXECUTIVE DIRECTOR 40.00
Officer
$163,445 $36,611 $200,056
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 $7,375,802 $7,274,068 $3,359,786 $101,734
2024 $6,572,973 $6,630,415 $2,632,491 $-57,442
2023 $6,262,135 $5,902,091 $2,498,105 $360,044
2022 $5,560,971 $5,542,572 $1,939,455 $18,399
2021 $4,836,995 $4,760,182 $1,915,610 $76,813
2020 $3,875,891 $3,870,502 $1,362,164 $5,389
2019 $3,070,524 $2,686,907 $1,024,491 $383,617
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