THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC (EIN 460814861) - 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

2012

Legal Domicile

Principal Officer

DAVID LOVALVO

Phone

8605727979

Tax Period

2024-01-01 to 2024-12-31

THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC, founded in 2012, is a community nonprofit in the Science & Technology sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO EMPOWER THE GLOBAL UNDERWATER SCIENCE COMMUNITY WITH THE TOOLS AND EXPERTISE REQUIRED TO EXPLORE THE GREATEST DEPTHS OF THE PLANET'S LARGEST AND DEEPEST BODIES OF WATER AND RETURN WITH DISCOVERIES THAT AMAZE AND INSPIRE A GLOBAL AUDIENCE.

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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 $4,606,121

Program Service Revenue $0

Investment Income $35

Other Revenue $0

TOTAL REVENUE $4,606,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,891

Fundraising Expenses $0

Program Expenses $4,591,254

Other Expenses $4,015,215

TOTAL EXPENSES $4,685,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,606,156	$5,022,655	-0.1%
Expenses	$4,685,106	$5,416,703	-0.1%
Net Income	$-78,950	$-394,048	-0.8%

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

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

$489,141

Total Directors

$306,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LOVALVO	President	40.00	Officer Director	$306,398	$0	$306,398
MELISSA RYAN	Vice President	40.00	Officer	$182,743	$0	$182,743
CYNTHIA SHEREDA	SEC/TREAS	1.00	Officer Director	$0	$0	$0
HARLAN KREDIT	Director	1.00	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	$4,606,156	$4,685,106	$1,772,099	$-78,950
2023	$5,022,655	$5,416,703	$2,116,191	$-394,048
2022	$5,107,205	$5,487,653	$2,377,435	$-380,448
2021	$5,589,475	$5,975,904	$2,739,847	$-386,429
2020	$4,870,398	$4,849,066	$3,370,619	$21,332
2019	$6,934,718	$6,849,053	$3,222,684	$85,665
2018	$4,405,420	$3,811,832	$3,098,988	$593,588

THE GLOBAL FOUNDATION FOR OCEAN EXPLORATION INC