NATIONAL OCEANS AND APPLICATIONS RESEARCH CENTER (EIN 460876558) - 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

2014

Legal Domicile

Principal Officer

David P Brannon

Phone

6015696029

Tax Period

2024-01-01 to 2024-12-31

NATIONAL OCEANS AND APPLICATIONS RESEARCH CENTER, founded in 2014, is a small nonprofit in the Environment sector that reported $843K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $809K left a modest 4% surplus.

Mission

Scientific Research

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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 $842,944

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $842,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,231

Fundraising Expenses $0

Program Expenses $745,080

Other Expenses $493,002

TOTAL EXPENSES $809,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$842,944	$776,739	+0.1%
Expenses	$809,233	$769,640	+0.1%
Net Income	$33,711	$7,099	+3.7%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
David P Brannon	President	40.00	Highest	$137,500	$0	$137,500
Clay Wagner	Chairman	0.00	Officer Director	$0	$0	$0
Billy Thornton	Director	0.00	Director	$0	$0	$0
John Ladner	Director	0.00	Director	$0	$0	$0
Heather Smith	Director	0.00	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	$842,944	$809,233	$401,411	$33,711
2023	$776,739	$769,640	$175,450	$7,099
2022	$877,666	$881,864	$167,584	$-4,198
2021	$711,413	$734,487	$210,266	$-23,074
2020	$1,153,228	$1,158,386	$481,820	$-5,158

NATIONAL OCEANS AND APPLICATIONS RESEARCH CENTER