WORLD OCEAN COUNCIL (EIN 274398298) - 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

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.

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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 $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

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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

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

$189,000

Total Directors

$189,000

Key Employees

Highest Compensated

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

WORLD OCEAN COUNCIL