The Plastic Ocean Project Inc (EIN 461251038) - 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

Jenna Haverstock

Phone

9106166766

Tax Period

2024-01-01 to 2024-12-31

The Plastic Ocean Project Inc, founded in 2012, is a small nonprofit in the Science & Technology sector that reported $238K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $219K left a modest 8% surplus.

Mission

Finding Science Based Solutions to the Global Plastics Pollution Crisis and Empowering All to Make Choices that Improve Human and Environmental Health

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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 $234,658

Program Service Revenue $0

Investment Income $2,950

Other Revenue $0

TOTAL REVENUE $237,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,501

Fundraising Expenses $26,225

Program Expenses $107,079

Other Expenses $129,029

TOTAL EXPENSES $218,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,608	$270,585	-0.1%
Expenses	$218,530	$248,425	-0.1%
Net Income	$19,078	$22,160	-0.1%

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

1001

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

$7,666

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jenna Haverstock	President	15.00	Officer	$0	$0	$0
Franceso Monteleone	Treasurer	5.00	Officer	$0	$0	$0
Chelsea Thornhill	Secretary	3.00	Officer	$0	$0	$0
Tricia Monteleone	Executive Director	20.00	Officer	$7,666	$0	$7,666

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	$237,608	$218,530	$190,784	$19,078
2024	$237,608	$218,530	$190,784	$19,078
2023	$270,585	$248,425	$195,188	$22,160

The Plastic Ocean Project Inc