INSTITUTE FOR TROPICAL ECOLOGY AND CONSERVATION INC

EIN: 593434081 501(c)(3) Education

GAINESVILLE, FL

Total Revenue
$207,095
Total Expenses
$125,900
Total Assets
$3,593,335
Net Assets
$3,588,819
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
FL
Principal Officer
PETER LAHANAS
Phone
3523679128
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR TROPICAL ECOLOGY AND CONSERVATION INC, founded in 1997, is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 39% operating margin.

Mission

TO PROVIDE STUDY ABROAD, TROPICAL FIELD EDUCUATIONAL AND RESEARCH EXPERIENCE TO UNDERGRADUATE, GRADUATE AND POST-GRADUATE STUDENTS, PROVIDE FACILITIES FOR LONG-TERM BIOLOGICAL RESEARCH IN TERRESTRIAL, FRESHWATER AND MARINE ECOSYSTEMS, OPERATE PROGRAMS FOR THE CONSERVATION OF TERRESTRIAL AND MARINE RESOURCES AND TO SERVE THE LOCAL COMMUNITY BY ESTABLISHING EDUCATIONAL PROGRAMS AND WORKSHOPS ON ENVIRONMENTAL AWARENESS AND RESOURCE CONSERVATION.

Program Service Accomplishments

Program 1
Expenses: $67,615 Revenue: $99,064

EDUCATION - TEACH COLLEGE-LEVEL FIELD COURSES TO COVER 184 STUDENTS AT OUR FIELD STATION IN BOCAS DEL TORO, PANAMA. THESE COURSES WERE OFFERED BY ITEC AND BY VISITING SCHOOLS AND UNIVERSITIES.

Program 2
Expenses: $51,503 Revenue: $33,021

TROPICAL RAINFOREST RESTORATION - PRODUCING SEEDLINGS OF DISAPPEARING SPECIES OF RAINFOREST TREES WITH THE GOAL OF REPLANTING LAND CLEARED BY LOGGING AND FARMING. THIS WILL RESTORE THE CANOPY FOR THE...

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TROPICAL RAINFOREST RESTORATION - PRODUCING SEEDLINGS OF DISAPPEARING SPECIES OF RAINFOREST TREES WITH THE GOAL OF REPLANTING LAND CLEARED BY LOGGING AND FARMING. THIS WILL RESTORE THE CANOPY FOR THE BENEFIT OF NATIVE WILDLIFE AND THE PLANET IN GENERAL.RESEARCH - PROVIDE RESEARCH FACILITIES FOR LONG-TERM RESEARCH DONE IN ASSOCIATION WITH PROGRAMS IN TROPICAL BIODIVERSITY, CORAL REEF ECOLOGY, FOREST RESTORATION AND SOCIAL IMPACT ON THE ENVIRONMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $75,000
Program Service Revenue $132,085
Investment Income $10
Other Revenue $0
TOTAL REVENUE $207,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $119,118
Other Expenses $125,900
TOTAL EXPENSES $125,900

Year-over-Year Comparison

2023 2022 Change
Revenue $207,095 $125,474 +0.7%
Expenses $125,900 $109,194 +0.2%
Net Income $81,195 $16,280 +4.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER LAHANAS EXECUTIVE DIRECTOR 65.00
Officer Director
$0 $0 $0
ALFRED BEULIG MARINE PROGRAM COORDINATOR 2.00
Officer Director
$0 $0 $0
DAVID ZIMMERMAN GENERAL ADVISOR 1.00
Officer Director
$0 $0 $0
BILL MAHER INTERIM CANOPY ACCESS COOR 1.00
Officer Director
$0 $0 $0
DOUG DOUGHTY BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY SULLENDER BOARD MEMBER 1.00
Director
$0 $0 $0
RICK MOSHER BOARD MEMBER 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 No data No data No data No data
2023 $207,095 $125,900 $3,593,335 $81,195
2022 $125,474 $109,194 $3,525,378 $16,280
2021 $3,046,586 $36,252 $3,513,660 $3,010,334
2020 $30,326 $57,925 $499,011 $-27,599
2019 $150,193 $138,722 $527,610 $11,471
2018 $479,998 $82,610 $530,480 $397,388
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