BENEATH THE WAVES INC (EIN 463461387) - 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

AUSTIN GALLAGHER

Phone

6176330207

Tax Period

2023-01-01 to 2023-12-31

BENEATH THE WAVES INC, founded in 2014, is a community nonprofit in the Animal-Related sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 9% surplus.

Mission

BENEATH THE WAVES IS DEDICATED TO PROMOTING OCEAN HEALTH AND USING SCIENCE TO CATALYZE OCEAN POLICY, WITH A FOCUS ON SHARK CONSERVATION AND MARINE PROTECTED AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,350,620

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,350,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,376

Fundraising Expenses $0

Program Expenses $840,255

Other Expenses $851,055

TOTAL EXPENSES $1,233,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,350,620	$1,766,272	-0.2%
Expenses	$1,233,431	$1,899,200	-0.4%
Net Income	$117,189	$-132,928	-1.9%

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN GALLAGHER PHD	Chairman	40.00	Officer Director	$100,000	$0	$100,000
ROSEMARY MANN	Vice President	1.00	Officer Director	$0	$0	$0
PAMELA SCHISSER LINDBERG	Director	1.00	Director	$0	$0	$0
MALIK ADUNNI	Director	1.00	Director	$0	$0	$0
STEVEN FERON	Director	1.00	Director	$0	$0	$0
JEFFREY PANKEY	Director	1.00	Director	$0	$0	$0
MARKO DIMITRIJEVIC	Director	1.00	Director	$0	$0	$0
WENDY BENCHLEY	Director	1.00	Director	$0	$0	$0
MARIA DAMANAKI	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	No data	No data	No data	No data
2023	$1,350,620	$1,233,431	$405,112	$117,189
2022	$1,766,272	$1,899,200	$290,664	$-132,928
2021	$1,995,768	$2,040,889	$484,556	$-45,121
2020	$798,500	$581,767	$399,629	$216,733
2019	$1,371,737	$1,338,755	$169,712	$32,982

BENEATH THE WAVES INC