ALTASEA AT THE PORT OF LOS ANGELES

EIN: 463977904 501(c)(3) Science & Technology

SAN PEDRO, CA

Total Revenue
$18,290,896
Total Expenses
$6,160,979
Total Assets
$41,406,960
Net Assets
$37,079,752
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
TERRY TAMMINEN
Phone
4242104320
Tax Period
2024-01-01 to 2024-12-31

ALTASEA AT THE PORT OF LOS ANGELES, founded in 2013, is a mid-sized nonprofit in the Science & Technology sector that reported $18.3M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.1M, a strong 66% operating margin.

Mission

ALTASEA AT THE PORT OF LOS ANGELES IS DEDICATED TO ACCELERATING SCIENTIFIC COLLABORATION, ADVANCING AN EMERGING BLUE ECONOMY THROUGH BUSINESS INNOVATION AND JOB CREATION, AND INSPIRING THE NEXT GENERATION, ALL FOR A MORE SUSTAINABLE, JUST AND EQUITABLE WORLD.

Program Service Accomplishments

Program 1
Expenses: $2,759,166 Revenue: $878,829

BUSINESS: ALTASEA NURTURES NEW AND EXISTING COMMERCIAL OCEAN-RELATED PRODUCTS, SERVICES, AND JOBS THROUGH OUR BLUE SUSTAINABLE ECONOMY ALLIANCE (BLUESEA). AMONG OUR MORE THAN 40 ACTIVE BUSINESS...

Read more

BUSINESS: ALTASEA NURTURES NEW AND EXISTING COMMERCIAL OCEAN-RELATED PRODUCTS, SERVICES, AND JOBS THROUGH OUR BLUE SUSTAINABLE ECONOMY ALLIANCE (BLUESEA). AMONG OUR MORE THAN 40 ACTIVE BUSINESS LEADERS ARE ECOWAVE POWER, PACIFIC6, RCAM, BLUE ROBOTICS, AND HOLDFAST AQUAFARMS.

Program 2
Expenses: $108,000

SCIENCE: WE BRING THE WORLD'S FINEST MARINE SCIENTISTS AND ENGINEERS TOGETHER TO CONDUCT BREAKTHROUGH RESEARCH AND DISCOVER SOLUTIONS TO FOOD AND ENERGY SUPPLY, CLIMATE CHANGE, AND OCEAN EXPLORATION...

Read more

SCIENCE: WE BRING THE WORLD'S FINEST MARINE SCIENTISTS AND ENGINEERS TOGETHER TO CONDUCT BREAKTHROUGH RESEARCH AND DISCOVER SOLUTIONS TO FOOD AND ENERGY SUPPLY, CLIMATE CHANGE, AND OCEAN EXPLORATION. TODAY MORE THAN 30 LEADING UNIVERSITIES ARE INVOLVED WITH ALTASEA INCLUDING THE UNIVERSITY OF CALIFORNIA, LOS ANGELES; UNIVERSITY OF SOUTHERN CALIFORNIA; SCRIPPS INSTITUTION OF OCEANOGRAPHY AT THE UNIVERSITY OF CALIFORNIA, SAN DIEGO; CAL TECH'S JET PROPULSION LABORATORY; AND THE UMBRELLA ORGANIZATION SOUTHERN CALIFORNIA MARINE INSTITUTE.

Program 3
Expenses: $66,222

EDUCATION: ALTASEA IS PIONEERING PROGRAMS THAT IMMERSE CHILDREN AND ADULTS IN THE OCEAN'S CRITICAL ROLE FOR THE FUTURE OF OUR PLANET. IN ADDITION TO THE LOS ANGELES UNIFIED SCHOOL DISTRICT (INCLUDING...

Read more

EDUCATION: ALTASEA IS PIONEERING PROGRAMS THAT IMMERSE CHILDREN AND ADULTS IN THE OCEAN'S CRITICAL ROLE FOR THE FUTURE OF OUR PLANET. IN ADDITION TO THE LOS ANGELES UNIFIED SCHOOL DISTRICT (INCLUDING INGLEWOOD AND LAWNDALE), 15+ COMMUNITY-BASED ORGANIZATIONS WORK WITH ALTASEA INCLUDING: BOYS AND GIRLS CLUBS OF THE LA HARBOR, SANTA MONICA COLLEGE, WILMINGTON'S STRENGTH BASED COMMUNITY CHANGE (SBCC), AND THE WATTS ENTREPRENEUR EDUCATION CENTER. ALTASEA OCEAN PATHWAYS PROGRAM (ASOP) IS THE ONLY PROGRAM OF ITS KIND IN CALIFORNIA THAT AIMS TO EXPAND FORMAL AND INFORMAL OCEAN STEM LEARNING FROM A YOUNG AGE TO DEVELOP A SKILLED WORKFORCE FOR THIS EMERGING SECTOR IN THE GLOBAL OCEAN ECONOMY. ALTASEA WORKS CLOSELY WITH 14+ COLLEGES THROUGH THEIR BLUE ECONOMY CLIMATE ACTION PATHWAYS PROGRAM TO DEVELOP WORKFORCE DEVELOPMENT CURRICULUMS TO ENSURE THEIR STUDENTS HAVE ACCESS TO THE NEW JOBS IN THESE SECTORS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,036,413
Program Service Revenue $974,225
Investment Income $6,624
Other Revenue $273,634
TOTAL REVENUE $18,290,896

Expense Breakdown

Grants Paid $300,000
Salaries & Benefits $2,319,937
Fundraising Expenses $896,989
Program Expenses $4,426,851
Other Expenses $3,315,894
TOTAL EXPENSES $6,160,979

Year-over-Year Comparison

2024 2023 Change
Revenue $18,290,896 $15,181,292 +0.2%
Expenses $6,160,979 $4,499,922 +0.4%
Net Income $12,129,917 $10,681,370 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
19
Independent Members
15
Employees
45
Volunteers
12

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
4
$955,634
Total Directors
19
$637,362
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN HULL DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA HIRSCHORN DIRECTOR 1.00
Director
$0 $0 $0
DOANE LIU DIRECTOR 1.00
Director
$0 $0 $0
ERIC JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
GERALDINE KNATZ DIRECTOR 1.00
Director
$0 $0 $0
GREGORY THORPE BOARD CHAIR/DIRECTOR 1.00
Director
$0 $0 $0
JOHN MOLINA DIRECTOR 1.00
Director
$0 $0 $0
MARTY BLANK DIRECTOR 1.00
Director
$0 $0 $0
MATT HORTON DIRECTOR 1.00
Director
$0 $0 $0
MONIQUE JOHNSON TREASURER/DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA RAMOS SECRETARY/DIRECTOR 1.00
Director
$0 $0 $0
TARA ROTH DIRECTOR 1.00
Director
$0 $0 $0
WENTY NEU DIRECTOR 1.00
Director
$0 $0 $0
YEHUDI GAFFEN DIRECTOR 1.00
Director
$0 $0 $0
MELANIE LUNDQUIST DIRECTOR 1.00
Director
$0 $0 $0
SHARNELL BLEVINS DIRECTOR 1.00
Director
$0 $0 $0
JOHN MOLINA DIRECTOR 1.00
Director
$0 $0 $0
TERRY TAMMINEN PRESIDENT/CEO 40.00
Officer Director
$368,957 $1,764 $370,721
JENNY KRUSOE EVP/COO 40.00
Officer Director
$257,851 $8,790 $266,641
CHARMIAN HAUCK CFO (UNTIL 10/2024) 40.00
Officer
$188,765 $7,707 $196,472
STEVE ROCHMAN INTERIM CFO (FROM 9/2024) 40.00
Officer
$121,800 $0 $121,800
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 $18,290,896 $6,160,979 $41,406,960 $12,129,917
2023 $15,181,292 $4,499,922 $35,181,899 $10,681,370
2022 $5,539,455 $3,410,096 $19,304,192 $2,129,359
2021 $2,313,467 $1,688,566 $13,326,843 $624,901
2020 $2,057,913 $1,444,206 $12,742,293 $613,707
2019 $5,533,406 $1,359,620 $12,372,938 $4,173,786
2018 $3,274,692 $1,681,456 $8,194,024 $1,593,236
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ALTASEA AT THE PORT OF LOS ANGELES with other nonprofits in California and across the country.