Clearwater Marine Aquarium Inc (EIN 592086737) - 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

1972

Legal Domicile

Principal Officer

Joe Handy

Phone

7274411790

Tax Period

2023-10-01 to 2023-12-31

Clearwater Marine Aquarium Inc, founded in 1972, is a community nonprofit in the Animal-Related sector that reported $5.2M in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 27% operating deficit.

Mission

Rescue, rehab, release of marine life, environmental education, inspiration, research & conservation.

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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 $2,795,375

Program Service Revenue $2,045,096

Investment Income $87,278

Other Revenue $260,070

TOTAL REVENUE $5,187,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,720,019

Fundraising Expenses $424,222

Program Expenses $5,379,955

Other Expenses $3,880,386

TOTAL EXPENSES $6,600,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,187,819	$21,322,978	-0.8%
Expenses	$6,600,405	$26,306,149	-0.7%
Net Income	$-1,412,586	$-4,983,171	-0.7%

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

362

Volunteers

365

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
John Draheim	Past Chair	1.00	Officer Director	$0	$0	$0
Linda Griffin-Keliher	Director	1.00	Director	$0	$0	$0
Eric Busch	Chair	1.00	Officer Director	$0	$0	$0
Thomas R Orr	Director	1.00	Director	$0	$0	$0
Frank Chivas	Director	1.00	Director	$0	$0	$0
Rowland Milam	Director	1.00	Director	$0	$0	$0
R Nathan Hightower	Director	1.00	Director	$0	$0	$0
Jim Martin	Director	1.00	Director	$0	$0	$0
Vic Caserta	Director	1.00	Director	$0	$0	$0
Colin Devine	Director	1.00	Director	$0	$0	$0
Jim Reznicek	Director	1.00	Director	$0	$0	$0
Brian Stamey	Director	1.00	Director	$0	$0	$0
Kathleen Perrott	Vice Chair	1.00	Officer Director	$0	$0	$0
John Perruccio	Director	1.00	Director	$0	$0	$0
Sherrel Sampson	Secretary	1.00	Officer Director	$0	$0	$0
Bridget Starr	Director	1.00	Director	$0	$0	$0
Marian Goodman	Treasurer	1.00	Officer Director	$0	$0	$0
James Powell	CBO	40.00	Officer	$0	$0	$0
Kelly Jordan	CDO	40.00	Officer	$0	$0	$0
Joe Handy	CEO	40.00	Officer	$0	$0	$0
Lisa J Oliver	COO/General Education	40.00	Officer	$0	$0	$0
Anthony Rivera	COO	40.00	Officer	$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	No data	No data	No data	No data
2023	$21,322,978	$26,306,149	$108,371,737	$-4,983,171
2023	$5,187,819	$6,600,405	$108,867,452	$-1,412,586
2022	$24,784,921	$24,889,164	$113,956,126	$-104,243
2021	$36,551,800	$21,492,163	$120,209,190	$15,059,637
2020	$13,268,223	$16,447,646	$104,457,878	$-3,179,423
2019	$37,358,657	$16,920,933	$97,116,703	$20,437,724
2018	$36,643,165	$16,948,125	$72,602,930	$19,695,040

Clearwater Marine Aquarium Inc