The Sargasso Sea Project Inc (EIN 273229137) - 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

David Freestone

Phone

2025182071

Tax Period

2023-01-01 to 2023-12-31

The Sargasso Sea Project Inc, founded in 2010, is a small nonprofit in the Environment sector that reported $186K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

The mission of the organization is to achieve international recognition of the importance of the Sargasso Sea and to develop protection measures for it through competent regional and international organizations.

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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 $166,530

Program Service Revenue $19,964

Investment Income $1

Other Revenue $0

TOTAL REVENUE $186,495

Expense Breakdown

Grants Paid $191,439

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,694

Other Expenses $255

TOTAL EXPENSES $191,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,495	$210,288	-0.1%
Expenses	$191,694	$181,546	+0.1%
Net Income	$-5,199	$28,742	-1.2%

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

N/A

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
Kristina Gjerde	President	1.00	Officer Director	$0	$0	$0
David Freestone	Vice President & Secretary	1.00	Officer Director	$0	$0	$0
Kevin Monkman	Treasurer	1.00	Officer Director	$0	$0	$0
Dan Laffoley	At-Large	1.00	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
2024	No data	No data	No data	No data
2023	$186,495	$191,694	$78,766	$-5,199
2023	$186,495	$191,694	$78,766	$-5,199
2022	$210,288	$181,546	$44,365	$28,742
2021	$152,597	$158,759	$15,623	$-6,162
2020	$247,809	$240,235	$57,785	$7,574
2019	$173,433	$350,148	$14,211	$-176,715
2018	$245,080	$74,393	$190,926	$170,687

The Sargasso Sea Project Inc