OCEANGATE FOUNDATION (EIN 463977125) - 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

2010

Legal Domicile

Phone

2023757768

Tax Period

2022-01-01 to 2022-12-31

OCEANGATE FOUNDATION, founded in 2010, is a small nonprofit in the Science & Technology sector that reported $158K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $143K left a modest 10% surplus.

Mission

To support research into ocean exploration marine science and underwater archaeology.

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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 (2022)

Revenue Breakdown

Contributions & Grants $158,239

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $158,239

Expense Breakdown

Grants Paid $87,415

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,666

Other Expenses $55,495

TOTAL EXPENSES $142,910

Year-over-Year Comparison

	2022	2021	Change
Revenue	$158,239	$133,200	+0.2%
Expenses	$142,910	$87,300	+0.6%
Net Income	$15,329	$45,900	-0.7%

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

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 Williamson	President	4.00	Officer Director	$0	$0	$0
Stockton Rush	Treasurer	4.00	Officer Director	$0	$0	$0
Steven Phelps	Secretary	4.00	Officer Director	$0	$0	$0
Wendy Rush	Director	2.00	Director	$0	$0	$0
Chris Bechhold	Director	2.00	Director	$0	$0	$0
Krishna Roy	Director	2.00	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
2022	$158,239	$142,910	$130,009	$15,329

OCEANGATE FOUNDATION