CARIBBEAN COASTAL OCEAN OBSERVING … - 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

2009

Legal Domicile

Principal Officer

CPA CRISTIAN VERA MERCADO

Phone

7872375321

Tax Period

2024-01-01 to 2024-12-31

CARIBBEAN COASTAL OCEAN OBSERVING SYSTEM INC, founded in 2009, is a community nonprofit in the Science & Technology sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

As part of its mission as a Regional Coastal Observing System under the IOOS/NOAA program (https://ioos.noaa.gov/), CARICOOS (http://www.caricoos.org/) collects and distributes decision supporting data and products to diverse sectors in Puerto Rico and the US Virgin Island including federal and state agencies, marine observers ranging from beachgoers to ship operators and others. Data and forecasts originated and distributed by CARICOOS include waves, winds, currents, storm surge, beach pathogens as well as other biological, chemical and physical properties of the ocean.

Program Service Accomplishments

Program 1

Expenses: $2,961,529 Revenue: $0

The organization program services consist in provide data and forecast from a variety of sources, including satelites, ocean instruments and numerical models to the public under an integrated view of past, present and forecasted ocean conditions in the US Caribbean region. Data are provided online by a number of organizations including NOAA, NASA, ONR, Universities and others to whom credit is given.

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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 $2,994,380

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,994,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $743,611

Fundraising Expenses $0

Program Expenses $2,961,529

Other Expenses $2,264,359

TOTAL EXPENSES $3,007,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,994,380	$3,261,158	-0.1%
Expenses	$3,007,970	$3,222,758	-0.1%
Net Income	$-13,590	$38,400	-1.4%

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

$257,699

Key Employees

$56,475

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIO MORELL	EXECUTIVE OFFICER / DIRECTOR	40	Director	$150,224	$0	$150,224
PATRICIA CHARDON MALDONADO	DEPUTY AND TECHNICAL DIRECTOR	40	Director	$107,475	$0	$107,475
ABDIEL ALVARADO	TREASURER	40	Key Emp	$56,475	$0	$56,475
ROY WATLINGTON	DIRECTOR	0	Director	$0	$0	$0
BENITO PINTO	DIRECTOR	0	Director	$0	$0	$0
RUPERTO CHAPARRO	PRESIDENT	20	Director	$0	$0	$0
ISRAEL MATOS	VICECHAIRMAN/VICEPRESIDENT	0	Director	$0	$0	$0
CARLOS FARCHETTE	DIRECTOR	0	Director	$0	$0	$0
GRACIELA GARCIA	DIRECTOR	0	Director	$0	$0	$0
ERNESTO DIAZ	DIRECTOR	0	Director	$0	$0	$0
ADA MONZON	DIRECTOR	0	Director	$0	$0	$0
EUGENIO PINEIRO	DIRECTOR	0	Director	$0	$0	$0
MARK SABINO	DIRECTOR	0	Director	$0	$0	$0
MARJORIE SMITH	DIRECTOR	0	Director	$0	$0	$0
CRISTA VON HILLEBRANDT	DIRECTOR	0	Director	$0	$0	$0
ALEX CRUZ	DIRECTOR	0	Director	$0	$0	$0
ROBERTO CORTES	DIRECTOR	0	Director	$0	$0	$0
SYLVIA RODRIGUEZ ABUDO	CO-PRINCIPAL INVESTIGATOR	0	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	$2,994,380	$3,007,970	$803,300	$-13,590
2023	$3,261,158	$3,222,758	$1,008,281	$38,400
2022	$2,140,257	$1,867,386	$778,017	$272,871
2021	$514,309	$488,669	$223,842	$25,640
2020	$311,548	$385,690	$325,993	$-74,142
2019	$410,244	$376,306	$350,393	$33,938

CARIBBEAN COASTAL OCEAN OBSERVING SYSTEM INC