REDWOOD CITY, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARCTIC ICE PROJECT, founded in 2008, is a small nonprofit in the Environment sector that reported $352K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $749K exceeded revenue, resulting in a 113% operating deficit.
Through innovative scientific research and the development of safe geoengineering methods, AIP addresses the rapid loss of Arctic sea ice, a critical factor in global climate regulation. Preserving the Arctics reflective ice cover helps mitigate global warming and safeguard ecosystems. AIP is developing environmentally safe Surface Albedo Modification (SAM) techniques using materials like hollow glass microspheres (HGMs) to enhance the reflectivity of sea ice. This increased reflectivity can disrupt the feedback loops that accelerate ice melt, contributing to the stabilization of Arctic temperatures and the global climate. Grounded in scientific rigor, safety, and a commitment to restoring the Arctic ecosystem, AIP collaborates with diverse stakeholders to deliver innovative and responsible solutions to one of the planets most urgent climate challenges.
Laboratory Research - With the goal of assessing the safety of potential future deployment, Arctic Ice Project is partnering with a leading marine technology and bio-marine research laboratory in...
Laboratory Research - With the goal of assessing the safety of potential future deployment, Arctic Ice Project is partnering with a leading marine technology and bio-marine research laboratory in Norway. AIP's contract research is yielding significant, publishable findings. The primary aim of this research is to understand the fate and distribution of HGMS in the Arctic Ocean and to determine any potential harmful effects on indigenous marine species within the water column. All studies to date have been conducted in controlled laboratory environments using Arctic Ocean water and simulated oceanic and atmospheric conditions. This series of laboratory experiments is essential for evaluating any possible toxicological impacts of HGMS on a representative sample of indigenous ocean species. The objective of this research is to ensure, for ourselves, the scientific community, regulatory authorities, and concerned Indigenous groups, that a future test deployment of HGMS in authorized Arctic Ocean regions would be safe. We are approaching this work with a blend of optimism and due diligence.
Outreach - Worldwide Collaboration and Policy
CLIMATE MODELING - To assess the effectiveness of potential deployment, Arctic Ice Project collaborates with a world-class climate modeling team to perform the complex computer simulations required...
CLIMATE MODELING - To assess the effectiveness of potential deployment, Arctic Ice Project collaborates with a world-class climate modeling team to perform the complex computer simulations required for publication. These simulations focus on targeted strategic areas of the Arctic Sea, using global climate modelslarge, sophisticated programs that require ongoing development by expert teams. The modeling work involves running numerical simulations to study the impact of spreading highly reflective silica microspheres (Hollow Glass Microspheres - HGMs) in specific Arctic regions. The goal is to identify optimal deployment locations and timing while evaluating large-scale climate effects. Preliminary results show that applying a thin layer of HGMs lowers both Arctic and global average surface temperatures. We partnered with with NASA Earth Exchange (NEX) to leverage NASAs state-of-the-art supercomputers and analytical tools to conduct these simulations. This affiliation with a leading research organization provided essential computational resources, with costs limited to our personnel. Our climate modeling efforts have been presented at annual conferences, and our findings have been published in peer-reviewed journals.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $351,717 | $1,092,717 | -0.7% |
| Expenses | $748,869 | $1,120,508 | -0.3% |
| Net Income | $-397,152 | $-27,791 | +13.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Annette Eros | CEO | 40.00 |
Officer
|
$232,043 | $0 | $232,043 |
| Steve Payne | Chairman | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Steve Zornetzer | Vice President | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Carol Sontag | Secretary | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Christine Gu | Treasurer | 2.00 |
Director
|
$0 | $0 | $0 |
| Sara Stone Psihas | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $351,717 | $748,869 | $302,871 | $-397,152 |
| 2023 | $1,092,717 | $1,120,508 | $694,301 | $-27,791 |
| 2022 | $1,107,769 | $929,953 | $854,868 | $177,816 |
| 2021 | $925,133 | $956,993 | $578,140 | $-31,860 |
| 2020 | $765,057 | $921,336 | $575,302 | $-156,279 |
| 2019 | $1,041,331 | $796,846 | $421,620 | $244,485 |
| 2018 | $720,405 | $692,798 | $177,135 | $27,607 |
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