OCEAN EXCHANGE INC (EIN 272691376) - 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

2010

Legal Domicile

Principal Officer

MILLICENT PITTS

Phone

9126604696

Tax Period

2024-01-01 to 2024-12-31

OCEAN EXCHANGE INC, founded in 2010, is a small nonprofit in the Environment sector that reported $961K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $890K left a modest 7% surplus.

Mission

TO HELP ACCELERATE THE ADOPTION OF INNOVATIVE SOLUTIONS FROM START UPCOMPANIES, ALL IN SUPPORT OF HEALTHY OCEANS, RESILIENT COASTLINES, ANDSUSTAINABLE SHIPPING.

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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 $949,125

Program Service Revenue $11,625

Investment Income $0

Other Revenue $0

TOTAL REVENUE $960,750

Expense Breakdown

Grants Paid $320,000

Salaries & Benefits $147,827

Fundraising Expenses $0

Program Expenses $865,088

Other Expenses $422,349

TOTAL EXPENSES $890,176

Year-over-Year Comparison

	2024	2023	Change
Revenue	$960,750	$832,362	+0.2%
Expenses	$890,176	$882,548	+0.0%
Net Income	$70,574	$-50,186	-2.4%

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGUS LITTLEJOHN	DIRECTOR	5.00	Director	$0	$0	$0
CATHY J SAKAS	DIRECTOR	5.00	Director	$0	$0	$0
IRENE REYNOLDS SCHIER	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM BRENNAN	DIRECTOR	5.00	Director	$0	$0	$0
ANN CARPENTER	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES HINNANT	DIRECTOR	5.00	Director	$0	$0	$0
BILL MALARKEY	DIRECTOR	5.00	Director	$0	$0	$0
PHIL PURCELL	DIRECTOR	5.00	Director	$0	$0	$0
VITTORIO LACAGNINA	DIRECTOR	5.00	Director	$0	$0	$0
DAVE SOBEK	DIRECTOR	5.00	Director	$0	$0	$0
VIKRAM AGRAWAL	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN SORENSEN	DIRECTOR	5.00	Director	$0	$0	$0
BILL MERZ	DIRECTOR	5.00	Director	$0	$0	$0
MILLICENT PITTS	CEO/EXECUTIVE DIRECT	40.00	Officer	$100,000	$0	$100,000

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	$960,750	$890,176	$90,583	$70,574
2023	$832,362	$882,548	$20,009	$-50,186
2022	$811,877	$867,554	$70,196	$-55,677
2021	$481,774	$462,325	$125,873	$19,449
2020	$335,500	$246,704	$106,424	$88,796
2019	$295,103	$345,910	$63,327	$-50,807
2018	$374,350	$423,597	$65,368	$-49,247

OCEAN EXCHANGE INC