FLORIDA OCEANOGRAPHIC SOCIETY INC

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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

1964

Legal Domicile

Principal Officer

MARK PERRY

Phone

7722250505

Tax Period

2024-10-01 to 2025-09-30

FLORIDA OCEANOGRAPHIC SOCIETY INC, founded in 1964, is a community nonprofit in the Science & Technology sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 6% surplus.

Mission

TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $1,195,846 Revenue: $621,950

COASTAL CENTER OPERATIONS - FLORIDA OCEANOGRAPHIC SOCIETY'S MISSION IS TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ADVOCACY, SITUATED ON...

COASTAL CENTER OPERATIONS - FLORIDA OCEANOGRAPHIC SOCIETY'S MISSION IS TO INSPIRE ENVIRONMENTAL STEWARDSHIP OF FLORIDA'S COASTAL ECOSYSTEMS THROUGH EDUCATION, RESEARCH AND ADVOCACY, SITUATED ON 57-ACRES, THE COASTAL CENTER WELCOMES OVER 60,000 GUESTS ANNUALLY AND IS HOME TO OVER 300 ANIMALS INCLUDING 30+ SPECIES OF FISH, STINGRAYS, NURSE SHARKS, AND SEA TURTLES. THE 26,000 SQUARE FOOT OCEAN ECOCENTER INCLUDES 4 EDUCATIONAL INTERACTIVE EXHIBIT GALLERIES, AQUARIUMS AND AN EXPLORATION LAB CLASSROOM FOR DAILY AND SPECIAL EDUCATION PROGRAMS.

Program 2

Expenses: $831,855 Revenue: $18,240

RESEARCH & ADVOCACY - RESEARCH AND ADVOCACY PROGRAMS CONDUCT SCIENCE TO SUPPORT RESTORATION OF LOCAL HABITAT IN THE ST LUCIE ESTUARY AND INDIAN RIVER LAGOON BY ESTABLISHING OYSTER REEFS, SEAGRASS...

RESEARCH & ADVOCACY - RESEARCH AND ADVOCACY PROGRAMS CONDUCT SCIENCE TO SUPPORT RESTORATION OF LOCAL HABITAT IN THE ST LUCIE ESTUARY AND INDIAN RIVER LAGOON BY ESTABLISHING OYSTER REEFS, SEAGRASS MEADOWS, AND NATURAL LIVING SHORELINES.

Program 3

Expenses: $570,470 Revenue: $80,201

EDUCATIONAL PROGRAMS - EDUCATIONAL PROGRAMS INCLUDES COASTAL CENTER PROGRAMMING, AS WELL AS SCHOOL FIELD TRIPS, GROUP VISITS, SUMMER CAMPS, AND EDUCATION OUTREACH IN THE COMMUNITY.

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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 $2,977,900

Program Service Revenue $720,391

Investment Income $105,741

Other Revenue $213,672

TOTAL REVENUE $4,017,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,273,949

Fundraising Expenses $433,729

Program Expenses $2,950,231

Other Expenses $1,498,740

TOTAL EXPENSES $3,772,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,017,704	$3,370,719	+0.2%
Expenses	$3,772,689	$3,414,289	+0.1%
Net Income	$245,015	$-43,570	-6.6%

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

Employees

Volunteers

170

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

$431,948

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL WINTERCORN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN CIABATTARI	DIRECTOR	2.00	Director	$0	$0	$0
W JOHN AMERLING	DIRECTOR	2.00	Director	$0	$0	$0
MARSHALL CRITCHFIELD	DIRECTOR	2.00	Director	$0	$0	$0
ALLEN HERSKOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
LINDA HOUSTON	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DANIEL B MERRITT	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA NOONAN	DIRECTOR	2.00	Director	$0	$0	$0
W SCOTT TURNBULL	SECRETARY	4.00	Officer Director	$0	$0	$0
MEREDITH GRANT	DIRECTOR	2.00	Director	$0	$0	$0
RICK DUFFY	DIRECTOR	2.00	Director	$0	$0	$0
DONNA BOYD	VICE CHAIR	4.00	Officer Director	$0	$0	$0
DAVID LUSK	TREASURER	4.00	Officer Director	$0	$0	$0
RICHARD DAKERS	DIRECTOR	2.00	Director	$0	$0	$0
MARK PERRY	EXECUTIVE DIRECTOR / CEO	40.00	Officer	$174,656	$5,624	$180,280
ANDREW DORE	CFO	40.00	Officer	$107,908	$5,760	$113,668
JENNY HAUSER	COO	40.00	Officer	$133,600	$4,400	$138,000

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
2025	$4,017,704	$3,772,689	$11,389,719	$245,015
2024	$3,370,719	$3,414,289	$11,089,170	$-43,570
2023	$3,457,925	$3,334,355	$11,097,718	$123,570
2022	$3,269,743	$2,813,034	$10,987,978	$456,709
2021	$4,399,442	$2,103,905	$10,438,109	$2,295,537
2020	$3,572,051	$1,905,321	$8,634,327	$1,666,730
2019	$3,587,386	$1,767,756	$6,648,254	$1,819,630
2018	$3,898,453	$1,814,238	$5,172,282	$2,084,215