WORLD OCEAN COUNCIL

EIN: 274398298 501(c)(3) Science & Technology

HONOLULU, HI

Total Revenue
$655,391
Total Expenses
$791,454
Total Assets
$412,683
Net Assets
$-451,287
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
HI
Principal Officer
PAUL HOLTHUS
Phone
8082779008
Tax Period
2023-01-01 to 2023-12-31

WORLD OCEAN COUNCIL, founded in 2010, is a small nonprofit in the Science & Technology sector that reported $655K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $791K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE WORLD OCEAN COUNCIL ENCOURAGES, PROMOTES, AND DEVELOPS AWARENESS WITHIN THE OCEAN INDUSTRY AND THE WIDER PUBLIC OF THE NEED FOR A HEALTHY AND PRODUCTIVE GLOBAL OCEAN AND PROMOTES SUSTAINABLE OCEAN USES.

Program Service Accomplishments

Program 1
Expenses: $703,390 Revenue: $272,848

WOC CONTINUED TO DEVELOP WORKING GROUPS FROM AMONG ITS MEMBERS ON ADDRESSING OPERATIONAL AND TECHNICAL MARINE ENVIRONMENTAL ISSUES, INCLUDING MARINE SOUND AND PORT RECEPTION FACILITIES. AT A REGIONAL...

Read more

WOC CONTINUED TO DEVELOP WORKING GROUPS FROM AMONG ITS MEMBERS ON ADDRESSING OPERATIONAL AND TECHNICAL MARINE ENVIRONMENTAL ISSUES, INCLUDING MARINE SOUND AND PORT RECEPTION FACILITIES. AT A REGIONAL LEVEL, WOC ADVANCED THE WORK OF ITS ARCTIC WORKING GROUP. THE WOC WORKED TO DEVELOP A CROSS SECTORAL OCEAN INDUSTRY INTEREST IN OCEAN POLICY AND PLANNING. THE "SMART" WORKING GROUP EXPANDED EFFORTS TO ENGAGE INDUSTRY VESSELS AND OFFSHORE PLATFORMS IN DATA COLLECTION/SHARING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $382,431
Program Service Revenue $272,848
Investment Income $112
Other Revenue $0
TOTAL REVENUE $655,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,263
Fundraising Expenses $0
Program Expenses $703,390
Other Expenses $591,191
TOTAL EXPENSES $791,454

Year-over-Year Comparison

2023 2022 Change
Revenue $655,391 $1,256,659 -0.5%
Expenses $791,454 $1,187,127 -0.3%
Net Income $-136,063 $69,532 -3.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
1
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
3
$189,000
Total Directors
9
$189,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL HOLTHUS PRESIDENT 40.00
Officer Director
$180,000 $9,000 $189,000
PHILIP HERMES CHAIR 3.00
Officer Director
$0 $0 $0
JACQUES DEMERS TREASURER 3.00
Officer Director
$0 $0 $0
SIMON BENNETT SECRETARY 1.50
Director
$0 $0 $0
LORI KENNEDY DIRECTOR 1.50
Director
$0 $0 $0
LIV MONICA STUBHOLT DIRECTOR 1.50
Director
$0 $0 $0
HENK VAN MUIJEN DIRECTOR 1.50
Director
$0 $0 $0
DONNA LANZETTA DIRECTOR 1.50
Director
$0 $0 $0
KEVIN BANISTER DIRECTOR 1.50
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 $655,391 $791,454 $412,683 $-136,063
2022 $1,256,659 $1,187,127 $420,961 $69,532
2021 $367,951 $342,667 $240,460 $25,284
2020 $234,237 $376,293 $76,301 $-142,056
2019 $498,079 $587,272 $74,610 $-89,193
2018 $489,487 $604,493 $122,542 $-115,006
Explore More Nonprofits
→Top 100 Nonprofits in Hawaii →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WORLD OCEAN COUNCIL with other nonprofits in Hawaii and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.