PANGEASEED FOUNDATION (EIN 472605555) - 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

AKIRA BIONDO

Phone

8084301755

Tax Period

2023-01-01 to 2023-12-31

PANGEASEED FOUNDATION, founded in 2014, is a small nonprofit in the Environment sector that reported $320K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $535K exceeded revenue, resulting in a 67% operating deficit.

Mission

PANGEASEED FOUNDATION'S MISSION IS TO EMPOWER INDIVIDUALS AND COMMUNITIES TO CREATE MEANINGFUL ENVIRONMENTAL CHANGE FOR OCEANS THROUGH SCIENCE, EDUCATION, AND ARTIVISM.

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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 $167,761

Program Service Revenue $1,000

Investment Income $2,042

Other Revenue $149,076

TOTAL REVENUE $319,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,060

Fundraising Expenses $38,730

Program Expenses $410,168

Other Expenses $274,442

TOTAL EXPENSES $534,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,879	$794,784	-0.6%
Expenses	$534,502	$640,519	-0.2%
Net Income	$-214,623	$154,265	-2.4%

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

100

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

$152,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARCHIE PACKARD	EXECUTIVE DIRECTOR	40	Officer	$70,000	$7,227	$77,227
AKIRA BIONDO	DIRECTOR OF OPERATIONS	40	Officer	$70,000	$5,529	$75,529
ALEXANDRIA WARNEKE	VICE PRESIDENT	1	Officer Director	$0	$0	$0
DEREK SABORI	TREASURER	1	Officer Director	$0	$0	$0
MICHAEL CRAWFORD	BOARD MEMBER	1	Director	$0	$0	$0
DANIELL WASHINGTON	BOARD MEMBER	1	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	$319,879	$534,502	$173,992	$-214,623
2022	$794,784	$640,519	$438,021	$154,265
2021	$812,613	$657,141	$384,556	$155,472
2020	$388,430	$283,677	$242,440	$104,753
2019	$350,170	$299,136	$124,160	$51,034

PANGEASEED FOUNDATION