OCEANS MINISTRIES (EIN 473398323) - 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

Principal Officer

TIM SPYKSTRA

Tax Period

2024-01-01 to 2024-12-31

OCEANS MINISTRIES, founded in 2014, is a small nonprofit that reported $618K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $145K, a strong 23% operating margin.

Mission

OCEANS MINISTRIES SEEKS TO COME ALONGSIDE INDIVIDUALS TO HELP THEM FULFILL THEIR GOD-GIVEN POTENTIAL BY USING THE FOUNDER'S BOOK/DVD AND WEEKLY BLOG TO ENABLE THEM TO COME TO THE REALIZATION THAT GOD THE FATHER LOVES THEM. THIS MAY INCLUDE COUNSELING TO HELP FORGIVE THEMSELVES AND/OR OTHERS. OCEANS MINISTRIES ALSO PROVIDES MISSION TRIPS TO LESOTHO AFRICA.

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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 $594,622

Program Service Revenue $0

Investment Income $23,162

Other Revenue $0

TOTAL REVENUE $617,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,451

Fundraising Expenses $0

Program Expenses $454,199

Other Expenses $275,384

TOTAL EXPENSES $472,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,784	$695,532	-0.1%
Expenses	$472,835	$558,472	-0.2%
Net Income	$144,949	$137,060	+0.1%

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

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

$104,835

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM SPYKSTRA	PRESIDENT/FO	40.00	Director	$77,835	$27,000	$104,835
DANELL CZARNECKI	TREASURER	8.00	Director	$0	$0	$0
KEN CZARNECKI	VICE PRESIDE	2.00	Director	$0	$0	$0
STEVE DYKSTRA	SECRETARY	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
2024	$617,784	$472,835	$1,109,929	$144,949
2023	$695,532	$558,472	$925,837	$137,060
2022	$410,628	$331,387	$847,844	$79,241
2021	$540,589	$250,066	$737,979	$290,523
2020	$462,398	$331,655	$456,492	$130,743
2019	$444,612	$385,316	$347,296	$59,296
2018	$508,732	$450,626	$216,055	$58,106

OCEANS MINISTRIES