BILLION OYSTER PROJECT 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

PETER MALINOWSKI

Phone

2124580800

Tax Period

2024-07-01 to 2025-06-30

BILLION OYSTER PROJECT INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $12.9M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 31% operating margin.

Mission

BILLION OYSTER PROJECT'S ("BOP") MISSION IS TO RESTORE OYSTER REEFS TO NEW YORK HARBOR THROUGH PUBLIC EDUCATION INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $2,892,677 Revenue: $18,717

BILLION OYSTER PROJECT CO-CREATES OYSTER REEF HABITATS THROUGH INTERDISCIPLINARY PARTNERSHIPS AND HANDS-ON COLLABORATION WITH NEW YORKERS. RESTORATION PROGRAM SERVICES INCLUDE (I) BUILDING STRUCTURES FOR OYSTER RESTORATION BY ENGAGING TECHNICAL, EDUCATIONAL AND VOLUNTEER NETWORKS; (II) RESTORING OYSTERS TO NEW YORK HARBOR THROUGH AQUACULTURE AND OTHER RESTORATION ACTIVITIES; (III) RESTORING REEF HABITATS TO THE HARBOR BY INSTALLING REEF STRUCTURES THAT PROMOTE SELF-SUSTAINING OYSTER POPULATIONS; AND (IV) DIVERTING MOLLUSK SHELLS FROM THE WASTE STREAM TO CREATE A SOURCE OF CURED SHELL FOR RESTORATION PURPOSES THROUGH RESTAURANT, STATE, AND INDUSTRY PARTNERSHIPS.

Program 2

Expenses: $1,583,627 Revenue: $3,108

BILLION OYSTER PROJECT FOSTERS STEWARDSHIP OF NEW YORK HARBOR'S URBAN ESTUARY THROUGH COMMUNITY-FOCUSED ENVIRONMENTAL ACTIONS. COMMUNITY ENGAGEMENT PROGRAM SERVICES INCLUDE (I) PROVIDING...

BILLION OYSTER PROJECT FOSTERS STEWARDSHIP OF NEW YORK HARBOR'S URBAN ESTUARY THROUGH COMMUNITY-FOCUSED ENVIRONMENTAL ACTIONS. COMMUNITY ENGAGEMENT PROGRAM SERVICES INCLUDE (I) PROVIDING OPPORTUNITIES FOR VOLUNTEERS TO CREATE MATERIALS FOR RESTORATION DURING PUBLIC AND CORPORATE DAYS OF SERVICE; (II) DEVELOPING PLACE-BASED LEARNING CENTERS (FIELD STATIONS) THAT PROVIDE WATERFRONT ACCESS AND OYSTER RESTORATION-RELATED ENGAGEMENT ACTIVITIES; (III) CONDUCTING COMMUNITY-BASED RESEARCH THAT IMPROVES UNDERSTANDING OF REEF DEVELOPMENT, PERFORMANCE, AND WATER QUALITY; AND (IV) IMPROVING CONDITIONS IN NEW YORK HARBOR BY ADVOCATING FOR POLICIES THAT MATTER TO THE HEALTH AND WELL-BEING OF PEOPLE AND OYSTERS.

Program 3

Expenses: $1,222,334 Revenue: $75,047

BILLION OYSTER PROJECT BUILDS A COMMUNITY OF SCHOOLS AND TEACHERS WHO USE AND CONTRIBUTE TO BOP'S FIELD-BASED CURRICULUM TO ENRICH STUDENTS' EDUCATIONAL EXPERIENCE. EDUCATION PROGRAM SERVICES INCLUDE (I) PUBLISHING FREE, FIELD-BASED CURRICULA WRITTEN FOR PUBLIC SCHOOL TEACHERS THROUGH THE LENS OF OYSTER RESTORATION; (II) PROVIDING OPPORTUNITIES FOR TEACHERS AND STUDENTS TO WORK AND LEARN ALONGSIDE BOP STAFF; (III) SUPPORTING NEW YORK HARBOR SCHOOL AS A MODEL OF PROVIDING BIPOC AND/OR LOW-INCOME STUDENTS WITH A PATHWAY TO POST- SECONDARY AND LIFE-LONG CAREER OPPORTUNITIES, AND PROMOTING THE GROWTH OF A NETWORK OF HARBOR SCHOOLS; AND (IV) OFFERING PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TEACHERS, PARTICULARLY IN DISADVANTAGED SCHOOLS.

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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 $12,818,885

Program Service Revenue $101,914

Investment Income $-6,673

Other Revenue $-53,761

TOTAL REVENUE $12,860,365

Expense Breakdown

Grants Paid $97,000

Salaries & Benefits $5,003,036

Fundraising Expenses $1,206,218

Program Expenses $6,979,538

Other Expenses $3,791,707

TOTAL EXPENSES $8,891,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,860,365	$6,991,301	+0.8%
Expenses	$8,891,743	$6,991,605	+0.3%
Net Income	$3,968,622	$-304	-13055.7%

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

2902

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

$241,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNY KRISHANA	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL JACONI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBIN BRAMWELL-STEWART	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALIK HINCKSON	TREASURER	1.00	Officer Director	$0	$0	$0
VALERIE BLANKS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
DON GARBER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS A KLIGERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BEN LEVENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
JORGE MADRAZO GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN OWENS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX PINCUS	DIRECTOR	1.00	Director	$0	$0	$0
KABIR SINGH	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOT STEELMAN	DIRECTOR	1.00	Director	$0	$0	$0
L MERCEDES TECH	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA TOURNAY FLATTO PHD	DIRECTOR	1.00	Director	$0	$0	$0
MADELINE WACHTEL	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW C WILSON	DIRECTOR	1.00	Director	$0	$0	$0
EMIL WOODS	DIRECTOR	1.00	Director	$0	$0	$0
PETER MALINOWSKI	PRESIDENT AND CEO	40.00	Officer	$219,053	$22,411	$241,464
BRIAN REAGOR	DIRECTOR OF DEVELOP. & COMM.	40.00	Highest	$138,394	$34,633	$173,027
KATHLEEN MOSHER-SMITH	SENIOR DIRECTOR OF PROGRAMS	40.00	Highest	$127,554	$22,411	$149,965
MARIA VICTORIA MARONILLA	DIRECTOR OF FINANCE & OPS	40.00	Highest	$115,769	$25,207	$140,976
ROBINA TALIAFERROW	DIRECTOR OF PUBLIC IMPACT	40.00	Highest	$103,574	$16,768	$120,342
ANN FRAIOLI	DIRECTOR OF EDUCATION	40.00	Highest	$103,159	$59	$103,218

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	$12,860,365	$8,891,743	$9,406,292	$3,968,622
2024	$6,991,301	$6,991,605	$5,294,678	$-304
2023	$8,314,901	$6,220,355	$5,200,003	$2,094,546
2022	$4,973,727	$4,958,064	$3,279,884	$15,663
2021	$4,683,141	$4,074,276	$3,196,858	$608,865
2020	$4,307,956	$3,836,903	$2,643,746	$471,053
2019	$3,520,457	$3,838,428	$2,030,185	$-317,971
2018	$3,080,280	$3,480,305	$2,378,826	$-400,025