OCEAN RESEARCH PROJECT INC

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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

2012

Legal Domicile

Principal Officer

BRIAN ROBERTS

Phone

4432543909

Tax Period

2024-07-01 to 2025-06-30

OCEAN RESEARCH PROJECT INC, founded in 2012, is a small nonprofit in the Environment sector that reported $268K in total revenue in fiscal year 2024.

Mission

TO PERFORM AND GATHER RESEARCH DATA ON CLIMATE CHANGE FROM A RESEARCH VESSEL TO HELP THE SCIENTIFIC COMMUNITY PREPARE FOR SEA LEVEL RISE AND CHANGING FOOD SOURCES IN THE OCEANS.

Program Service Accomplishments

Program 1

Expenses: $232,233 Revenue: $267,950

EXPEDITION TO MAP SEA FLOOR CHANGES IN ARTIC FOR SCIENTIFIC RESEARCH FOR CLIMATE CHANGE RELATED TO SEABED 2030.

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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 (2024)

Revenue Breakdown

Contributions & Grants $267,950

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $267,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $223

Program Expenses $232,233

Other Expenses $262,400

TOTAL EXPENSES $262,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,950	$272,308	0.0%
Expenses	$262,400	$271,955	0.0%
Net Income	$5,550	$353	+14.7%

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

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
MATTHEW RUTHERFORD	PRESIDENT AND CHAIRMAN	16.00	Officer	$0	$0	$0
NICOLE TRENHOLM	VICE PRESIDENT AND DIRECTOR	16.00	Officer	$0	$0	$0
BRIAN ROBERTS	TREASURER AND DIRECTOR	5.00	Officer	$0	$0	$0
GREGORY WALKER	SECRETARY AND DIRECTOR	1.00	Officer	$0	$0	$0
IAN DALZIEL	DIRECTOR	1.00		$0	$0	$0
MICHAEL DESIMON	DIRECTOR	1.00		$0	$0	$0
LESLIE STUDDARD	DIRECTOR	1.00		$0	$0	$0
CHRISTOPHER ARIAS	DIRECTOR	2.00		$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
2025	$267,950	$262,400	$48,186	$5,550
2024	No data	No data	No data	No data
2023	$186,825	$210,598	$42,283	$-23,773
2022	$300,672	$259,578	$66,056	$41,094