SCIENTIFIC COMMITTEE ON OCEANIC RE… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

EMILY TWIGG

Phone

3028317011

Tax Period

2023-01-01 to 2023-12-31

SCIENTIFIC COMMITTEE ON OCEANIC RESEARCH, founded in 2004, is a community nonprofit in the Science & Technology sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 4% surplus.

Mission

THE ORGANIZATION EXISTS TO PROMOTE INTERNATIONAL COOPERATION IN OCEAN SCIENCES THROUGH RESEARCH PLANNING, WORKSHOPS, SYMPOSIA, AND PUBLICATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,012,772 Revenue: $1,271,931

A MAJOR FUNCTION OF SCOR IS PLANNING AND COORDINATING INTERNATIONAL RESEARCH PROJECTS AND IDENTIFICATION OF NEW PRIORITY RESEARCH TOPICS. TO CONDUCT THIS FUNCTION, SCOR SPONSORED FIVE (5)...

A MAJOR FUNCTION OF SCOR IS PLANNING AND COORDINATING INTERNATIONAL RESEARCH PROJECTS AND IDENTIFICATION OF NEW PRIORITY RESEARCH TOPICS. TO CONDUCT THIS FUNCTION, SCOR SPONSORED FIVE (5) INTERNATIONAL RESEARCH PROJECTS IN 2023 THROUGH MEETINGS AND OTHER ACTIVITIES OF THEIR SCIENTIFIC STEERING COMMITTEES. SCOR SPONSORED EIGHTEEN (18) WORKING GROUPS IN 2023, WHICH DOCUMENT THE STATE OF SPECIFIC AREAS OF OCEAN SCIENCE, IDENTIFYING HIGH-PRIORITY RESEARCH TOPICS, AND ADDRESSING TECHNICAL ISSUES THAT HINDER THE ADVANCE OF OCEAN SCIENCE. FINALLY, SCOR SPONSORS COMMITTEES, WORKSHOPS, AND SYMPOSIA THAT ADDRESS OTHER ISSUES OF IMPORTANCE FOR HUMAN USES AND IMPACTS ON THE OCEAN, SUCH AS SOUTHERN OCEAN OBSERVATIONS, THE OCEAN CARBON CYCLE, AND HARMFUL ALGAL BLOOMS.

Program 2

Expenses: $124,904 Revenue: $124,754

SCOR PROVIDES ASSISTANCE TO SCIENTISTS FROM DEVELOPING COUNTRIES AND COUNTRIES WITH ECONOMIES IN TRANSITION TO ATTEND MAJOR OCEAN SCIENCE MEETINGS AROUND THE WORLD. MEETING ORGANIZERS CAN APPLY TO...

SCOR PROVIDES ASSISTANCE TO SCIENTISTS FROM DEVELOPING COUNTRIES AND COUNTRIES WITH ECONOMIES IN TRANSITION TO ATTEND MAJOR OCEAN SCIENCE MEETINGS AROUND THE WORLD. MEETING ORGANIZERS CAN APPLY TO SCOR FOR FUNDING FOR SUCH TRAVEL GRANTS AND IN A TYPICAL YEAR SCOR SUPPORTS TEN (10) TO FIFTEEN (15) MEETINGS AND THE TRAVEL COSTS OF 50-60 STUDENTS AND SCIENTISTS.

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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 $138,725

Program Service Revenue $1,396,685

Investment Income $1,183

Other Revenue $0

TOTAL REVENUE $1,536,593

Expense Breakdown

Grants Paid $609,164

Salaries & Benefits $204,542

Fundraising Expenses $0

Program Expenses $1,137,676

Other Expenses $660,136

TOTAL EXPENSES $1,473,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,536,593	$1,332,879	+0.2%
Expenses	$1,473,842	$1,282,085	+0.1%
Net Income	$62,751	$50,794	+0.2%

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

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

$192,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SINJAE YOO	PRESIDENT	20.00	Officer Director	$0	$0	$0
DR MARIE-ALEXANDRINE SICRE	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
PROF PETER CROOT	SECRETARY	2.00	Officer Director	$0	$0	$0
DR STEFANO ALIANI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DR BRADLEY MORAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ILKEN PEEKEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WEE CHEAH	CO-OPTED MEMBER	2.00	Director	$0	$0	$0
DR JACQUELINE UKU	CO-OPTED MEMBER	2.00	Director	$0	$0	$0
N/A	EX-OFFICIO MEMBER	2.00		$0	$0	$0
N/A	EX-OFFICIO MEMBER	2.00		$0	$0	$0
N/A	EX-OFFICIO MEMBER	2.00		$0	$0	$0
N/A	EX-OFFICIO MEMBER	2.00		$0	$0	$0
N/A	EX-OFFICIO MEMBER	2.00		$0	$0	$0
N/A	EX-OFFICIO MEMBER	2.00		$0	$0	$0
EMILY TWIGG	EXEC DIRECTOR FROM 6/23	40.00	Officer	$73,728	$30,789	$104,517
DR PATRICIA MILOSLAVICH	EXEC DIRECTOR THRU 6/23	40.00	Officer	$77,840	$10,549	$88,389

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	$1,536,593	$1,473,842	$889,046	$62,751
2022	$1,332,879	$1,282,085	$756,540	$50,794
2021	$976,851	$875,931	$754,982	$100,920
2020	$982,648	$878,051	$742,673	$104,597
2019	$1,447,467	$1,450,097	$536,050	$-2,630
2018	$1,350,387	$1,428,313	$571,283	$-77,926

SCIENTIFIC COMMITTEE ON OCEANIC RESEARCH