EXPLORE MARS INC

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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

2010

Legal Domicile

Principal Officer

CHRISTOPHER CARBERRY

Phone

6179094425

Tax Period

2023-01-01 to 2023-12-31

EXPLORE MARS INC, founded in 2010, is a small nonprofit in the Education sector that reported $346K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $445K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO EDUCATE THE PUBLIC ABOUT THE PLANET MARS AND PROMOTE THE SCIENTIFIC EXPLORATION AND SETTLEMENT OF THE PLANET MARS BY THE UNITED STATES, OTHER COUNTRIES, AND PRIVATE ENTITITES. BY DOING SO TO ENCOURAGE YOUNG PEOPLE TO STUDY SCIENCE, TECHNOLOGY ENGINEERING, THE ARTS AND MATH.

Program Service Accomplishments

Program 1

Expenses: $193,025 Revenue: $68,104

HUMANS TO MARS SUMMIT (H2M 2023): H2M RETURNED TO AN IN-PERSON EVENT IN 2023. THE CONFERENCE SUCCESSFULLY ADVANCED DIALOG REGARDING MARS MISSION ARCHITECTURE AND SCIENCE, INNOVATIONS THAT CAN BENEFIT...

Program 2

Expenses: $91,040 Revenue: $0

TENTH MARS ACHIEVABILITY AND SUSTAINABILITY WORKSHOP (AMIX): AMIX TOOK PLACE ON JUNE 14-16, 2022. THIS WORKSHOP ASSEMBLES APPROXIMATELY 70 EXPERTS IN MARS AND LUNAR ARCHITECTURE, SCIENCE, AND POLICY...

Program 3

Expenses: $63,027 Revenue: $0

MARS INNOVATION WORKING GROUP: EXPLORE MARS LAUNCHED THE MARS INNOVATION WORKING GROUPS IN 2023 THAT WILL EXAMINE INNOVATIONS THAT ARE NEEDED FOR SUSTAINABILITY ON MARS, BUT CAN ALSO BENEFIT EARTH...

MARS INNOVATION WORKING GROUP: EXPLORE MARS LAUNCHED THE MARS INNOVATION WORKING GROUPS IN 2023 THAT WILL EXAMINE INNOVATIONS THAT ARE NEEDED FOR SUSTAINABILITY ON MARS, BUT CAN ALSO BENEFIT EARTH. THE FIRST OF THESE GROUPS IS THE SYNTHETIC BIOLOGY WORKING GROUP THAT IS BUILDING CONSENSUS ON HOW SYNTHETIC BIOLOGY CAN BE USED ON MARS. THIS WORKING GROUP HAS PRODUCED A PAPER THAT WILL BE PUBLISHED IN EARLY 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $277,976

Program Service Revenue $68,104

Investment Income $0

Other Revenue $0

TOTAL REVENUE $346,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,769

Fundraising Expenses $17,950

Program Expenses $347,092

Other Expenses $220,460

TOTAL EXPENSES $445,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$346,080	$494,503	-0.3%
Expenses	$445,229	$452,346	0.0%
Net Income	$-99,149	$42,157	-3.4%

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

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

$115,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JR EDWARD	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSEPH CASSADY	EXEC. VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICK ZUCKER	VICE PRESIDENT FOR POLICY	10.00	Officer Director	$0	$0	$0
JOSH POWERS	TREASURER	2.00	Officer	$0	$0	$0
TIFFANY VORA	VP FOR INNOVATION POLICY	1.00	Director	$0	$0	$0
GARY FISHER	DIRECTOR	1.00	Director	$0	$0	$0
JANET IVEY	DIRECTOR	1.00	Director	$0	$0	$0
ALLYSON RENEAU	DIRECTOR	1.00	Director	$0	$0	$0
RICH PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA KARANIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH WEBSTER	DIRECTOR	1.00	Director	$0	$0	$0
BETH DEAN-POPE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CARBERRY	CEO	40.00	Officer Highest	$115,500	$0	$115,500

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
2024	No data	No data	No data	No data
2023	$346,080	$445,229	$31,865	$-99,149
2022	$494,503	$452,346	$68,757	$42,157
2021	$372,543	$320,309	$60,229	$52,234