CLEVER OCTOPUS INC (EIN 473829287) - 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

2015

Legal Domicile

Principal Officer

SHERI GIBB PRESIDENT

Tax Period

2022-01-01 to 2022-12-31

CLEVER OCTOPUS INC, founded in 2015, is a small nonprofit that reported $512K in total revenue in fiscal year 2022. Expenses of $586K exceeded revenue, resulting in a 15% operating deficit.

Mission

CLEVER OCTOPUS IS A WASTE-BASED NONPROFIT ORGANIZATION THAT INSPIRES CREATIVITY AND ENVIRONMENTAL CONSCIOUSNESS THROUGH THE RESALE OF HIGH-QUALITY, AFFORDABLE, AND THRIFTED ART & CRAFT MATERIALS AND BY OFFERING EDUCATIONAL ART AND SCIENCE PROGRAMMING FOR ALL AGES AND COMMUNIITES

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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 $340,125

Program Service Revenue $252,139

Investment Income $3

Other Revenue $-80,694

TOTAL REVENUE $511,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,634

Fundraising Expenses $1,855

Program Expenses $432,045

Other Expenses $245,347

TOTAL EXPENSES $585,836

Year-over-Year Comparison

	2022	2021	Change
Revenue	$511,573	$521,561	0.0%
Expenses	$585,836	$393,554	+0.5%
Net Income	$-74,263	$128,007	-1.6%

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

N/A

Employees

Volunteers

654

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

$82,690

Total Directors

$82,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEN LOPEZ	PROGRAM DIRECTOR	40.00	Officer Director	$51,007	$0	$51,007
SHERI GIBB	EXECUTIVE DIRECTOR	40.00	Officer Director	$31,683	$0	$31,683
MEGAN FISHER	DIRECTOR	0.00	Officer Director	$0	$0	$0
J MARK GIBB	DIRECTOR	0.00	Officer Director	$0	$0	$0
NICHOLAS HALES	DIRECTOR	0.00	Officer 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	$511,573	$585,836	$227,827	$-74,263
2021	$521,561	$393,554	$325,657	$128,007
2020	$307,789	$243,460	$219,352	$64,329
2019	$286,856	$227,913	$109,475	$58,943

CLEVER OCTOPUS INC