Gulf of Mexico Coastal Ocean Obser… - Form 990 Financial Data

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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

2013

Legal Domicile

Phone

7132069884

Tax Period

2020-10-01 to 2021-09-30

Gulf of Mexico Coastal Ocean Observing System Region Association, founded in 2013, is a small nonprofit in the Environment sector that reported $278K in total revenue in fiscal year 2020. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $49K, a strong 18% operating margin.

Mission

to provide on-demand information about the Gulfs coastal and open ocean waters that is accurate, reliable and benefits people, ecosystems and the economy.

Program Service Accomplishments

Program 1

Expenses: $225,433 Revenue: $277,562

GCOOS received a competitively awarded grant from the National Academy of Sciences, Engineering and Medicine (NASEM)to develop a scientific data portal for the Gulf of Mexico. As part of this we...

GCOOS received a competitively awarded grant from the National Academy of Sciences, Engineering and Medicine (NASEM)to develop a scientific data portal for the Gulf of Mexico. As part of this we collaborated with a number of other organizations as sub contractors: Texas A & M Corpus Christi, Texas A & M College Station, RPS Group Inc. Woods Hole Group Inc. Fugro Marine USA Inc. and Ocean Sierra LLC, the moneys paid to them were for the provision of IT and data analysis services.

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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 (2020)

Revenue Breakdown

Contributions & Grants $277,562

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $277,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,433

Other Expenses $228,180

TOTAL EXPENSES $228,180

Year-over-Year Comparison

	2020	2019	Change
Revenue	$277,578	$293,128	-0.1%
Expenses	$228,180	$384,394	-0.4%
Net Income	$49,398	$-91,266	-1.5%

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

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	Role	Reportable Comp	Other Comp	Total
Dr Sara Graves	Imm Past Chair	Officer Director	$0	$0	$0
Bill Lingsch	Director	Director	$0	$0	$0
Jan van Smirren	Treasurer	Officer Director	$0	$0	$0
Dr Kate Hubbard	Director	Director	$0	$0	$0
Dr Alyssa Dausman	Director	Director	$0	$0	$0
David Driver	Director	Director	$0	$0	$0
Dr Ruth Perry	Director	Director	$0	$0	$0
Dr Pat Hogan	Director	Director	$0	$0	$0
Kirsten Larsen	Secretary	Officer Director	$0	$0	$0
Dr Stephan Howden	Director	Director	$0	$0	$0
Dr Nick Shay	Director	Director	$0	$0	$0
Renee Collini	Director	Director	$0	$0	$0
Dr Nan Walker	Director	Director	$0	$0	$0
Jay Swaykos	Chairman	Officer Director	$0	$0	$0
Dr Kimberly Yates	Director	Director	$0	$0	$0
Dr Antonietta Quigg	Director	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
2021	$277,578	$228,180	$221,225	$49,398
2020	$293,128	$384,394	$171,827	$-91,266
2019	$363,454	$114,944	$263,093	$248,510

Gulf of Mexico Coastal Ocean Observing System Region Association