ASSOCIATION FOR THE SCIENCES OF LIMNOLOGY & OCEANOGRAPHY INC

EIN: 381710020 501(c)(3)

WASHINGTON, DC

Total Revenue
$3,337,499
Total Expenses
$2,988,753
Total Assets
$6,641,920
Net Assets
$6,155,724
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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
1960
Legal Domicile
TX
Principal Officer
MICHELLE MCCRACKIN
Phone
8009292756
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION FOR THE SCIENCES OF LIMNOLOGY & OCEANOGRAPHY INC, founded in 1960, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 234% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 10% surplus.

Mission

THE SOCIETY PREPARES THE NEXT GENERATION OF A DIVERSE, INTERNATIONAL SCIENTIFIC WORKFORCE THROUGH INTERNSHIPS, FELLOWSHIPS, TRAVEL GRANTS, AND TARGETED WORKSHOPS ON TOPICS SUCH AS PUBLISHING, COMMUNICATION, AND RESEARCH COLLABORATION. THE SOCIETY PROVIDES SMALL, COMPETITIVE GRANTS TO MEMBERS TO CONDUCT EDUCATIONAL OUTREACH PROGRAMS THROUGHOUT THE WORLD TO IMPROVE KNOWLEDGE OF AQUATIC SYSTEMS WITH AN EMPHASIS ON UNDERSERVED REGIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $673,710
Program Service Revenue $2,510,271
Investment Income $153,518
Other Revenue $0
TOTAL REVENUE $3,337,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $555,264
Fundraising Expenses $0
Program Expenses $1,876,075
Other Expenses $2,433,489
TOTAL EXPENSES $2,988,753

Year-over-Year Comparison

2023 2022 Change
Revenue $3,337,499 $997,871 +2.3%
Expenses $2,988,753 $1,060,816 +1.8%
Net Income $348,746 $-62,945 -6.5%
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

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Governance

Voting Members
17
Independent Members
17
Employees
3
Volunteers
20

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
5
$236,935
Total Directors
18
$236,935
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA GILBERT PRESIDENT 8.00
Officer Director
$0 $0 $0
MICHELLE MCCRACKIN TREASURER 8.00
Officer Director
$0 $0 $0
MICHAEL PACE INTERIM TREASURER 5.00
Officer Director
$0 $0 $0
DIANNE GREENFIELD SECRETARY 5.00
Officer Director
$0 $0 $0
KERRI FINLAY MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
MARIA GONZALEZ MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
ELIZABETH HARVEY MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
ILANA BERMAN-FRANK MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
MINA BIZIC MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
AJIT SUBRAMANIAM MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
AMINA POLLARD MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
NAOMI LEVINE MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
KRISTEN BUCK MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
ROBERT CHEN MEMBER-AT-LARGE 1.00
Director
$0 $0 $0
ABIGAIL KREUSER STUDENT BOARD MEMBER 1.00
Director
$0 $0 $0
MANDA KAMBIKAMBI STUDENT BOARD MEMBER 1.00
Director
$0 $0 $0
EDNA FERNANDEZ-FIGUEROA STUDENT BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA L CURTO EXECUTIVE DIRECTOR 40.00
Officer Director
$236,935 $0 $236,935
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 $3,337,499 $2,988,753 $6,641,920 $348,746
2023 $2,935,250 $3,392,252 $6,641,920 $-457,002
2022 $997,871 $1,060,816 $6,174,176 $-62,945
2021 $1,667,821 $889,712 $7,057,219 $778,109
2020 $1,442,976 $1,175,553 $6,054,485 $267,423
2019 $1,219,558 $1,506,487 $5,293,146 $-286,929
2018 $1,666,482 $1,270,656 $5,676,509 $395,826
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