OPENOCEANS GLOBAL (EIN 262476179) - 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

2007

Legal Domicile

Principal Officer

CARL NETTLETON

Phone

8583535489

Tax Period

2024-10-01 to 2025-09-30

OPENOCEANS GLOBAL, founded in 2007, is a small nonprofit in the Environment sector that reported $212K in total revenue in fiscal year 2024. Revenue surged 14781% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 93% operating margin.

Mission

TO BUILD A GIS-BASED WEB INFRASTRUCTURE DESIGNED TO BRING TOGETHER OCEN DATA, TO CONNECT THE OCEAN COMMUNITY,TO RECOGNIZE EXPEMPLARY SOURCES OF OCEN INFORMATION, TO VISUAILIZE AND BETTER UNDERSTAND OCEAN PROCESSES, TO HELP RESOLVE OCEAN POLICY QUESTIONS AND DISPUTES, AND TO CARRY ON OTHER CHARITABLE, SCIENTIFIC AND EDUCATIONAL ACTIVITIES ASSOCIATED WITH THIS GOAL AS ALLOWED BY LAW.

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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 $209,873

Program Service Revenue $0

Investment Income $1,738

Other Revenue $0

TOTAL REVENUE $211,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $141

Program Expenses $13,604

Other Expenses $14,615

TOTAL EXPENSES $14,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,611	$1,422	+147.8%
Expenses	$14,615	$12,735	+0.1%
Net Income	$196,996	$-11,313	-18.4%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL NETTLETON	PRESIDENT	40.00	Officer Director	$0	$0	$0
PHILIP WHITE	CFO	2.00	Officer Director	$0	$0	$0
MOHSEN MORTADA	CORPORATE SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN AVERY	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD MYLLENBECK	BOARD MEMBER	1.00	Director	$0	$0	$0
BROCK ROSENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALOK SINGH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS STERN	BOARD MEMBER	1.00	Director	$0	$0	$0
GINO MAZZANTI	GENERAL COUNSEL	2.00	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	$211,611	$14,615	$207,711	$196,996

OPENOCEANS GLOBAL