Ocean Accelerator Inc (EIN 465760733) - 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

Luke Dooley

Phone

5133512345

Tax Period

2024-01-01 to 2024-12-31

Ocean Accelerator Inc, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $385K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $455K exceeded revenue, resulting in a 18% operating deficit.

Mission

OCEAN ACCELERATOR, INC. ACTIVATES ENTREPRENEURS AS A FORCE FOR KINGDOM IMPACT AND CULTURAL RENEWAL. WE TRAIN ENTREPRENEURS TO LAUNCH AND LEAD BUSINESSES THROUGH PROGRAMS THAT INTEGRATE PRACTICAL BUSINESS ACUMEN WITH TIMELESS BIBLICAL WISDOM IN THE CONTEXT OF COMMUNITY.

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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 $162,060

Program Service Revenue $222,827

Investment Income $0

Other Revenue $0

TOTAL REVENUE $384,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,098

Fundraising Expenses $67,718

Program Expenses $61,073

Other Expenses $135,492

TOTAL EXPENSES $454,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,887	$300,616	+0.3%
Expenses	$454,590	$584,871	-0.2%
Net Income	$-69,703	$-284,255	-0.8%

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
Jeff Smith	Director	0.35	Director	$0	$0	$0
Lukas Naughle	Director	0.35	Director	$0	$0	$0
Jerod Pilot	Director	0.35	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	$384,887	$454,590	$113,654	$-69,703
2023	$300,616	$584,871	$184,857	$-284,255
2022	$956,701	$586,445	$458,764	$370,256
2021	$603,155	$524,739	$94,284	$78,416
2020	$513,691	$520,224	$73,698	$-6,533
2019	$516,188	$645,026	$90,933	$-128,838
2018	$826,121	$807,551	$211,235	$18,570

Ocean Accelerator Inc