OceanitesInc (EIN 521530218) - 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

1987

Legal Domicile

Principal Officer

Ron Naveen

Phone

2022376262

Tax Period

2024-01-01 to 2024-12-31

OceanitesInc, founded in 1987, is a small nonprofit in the Environment sector that reported $217K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $194K left a modest 11% surplus.

Mission

Oceanitess mission is championing science-based conservation and increased awareness of climate change, its potential impacts, and climate change adaptation through the lens of penguins and Antarctica.

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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 $217,233

Program Service Revenue $95

Investment Income $7

Other Revenue $0

TOTAL REVENUE $217,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,740

Fundraising Expenses $16,677

Program Expenses $164,567

Other Expenses $175,794

TOTAL EXPENSES $193,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,335	$176,667	+0.2%
Expenses	$193,534	$246,704	-0.2%
Net Income	$23,801	$-70,037	-1.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ron Naveen	President	40.00	Officer Director Key Emp Highest	$0	$0	$0
Grant Ferrier	Chair	1.00	Director	$0	$0	$0
Catherine Nicholson	Director	1.00	Director	$0	$0	$0
Steven Forrest	Director	1.00	Director	$0	$0	$0
Ford Nicholson	Director	1.00	Director	$0	$0	$0
Thom Gilligan	Director	1.00	Director	$0	$0	$0
Jeffery Adams	Director	1.00	Director	$0	$0	$0
Dylan Ogline	Director	1.00	Director	$0	$0	$0
Dr Grant Humphries	Director	1.00	Director	$0	$0	$0
Steven Forrest	Director	1.00	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	$217,335	$193,534	$82,540	$23,801
2023	$176,667	$246,704	$24,471	$-70,037
2022	$253,830	$237,241	$94,552	$16,589
2021	$211,978	$175,531	$83,560	$36,447
2020	$137,645	$118,481	$51,182	$19,164
2019	$269,881	$281,790	$32,656	$-11,909
2018	$349,455	$359,572	$44,853	$-10,117

OceanitesInc