The Ocean Foundation

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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

2001

Legal Domicile

Principal Officer

Mark J Spalding

Phone

2028878996

Tax Period

2024-07-01 to 2025-06-30

The Ocean Foundation, founded in 2001, is a mid-sized nonprofit in the Environment sector that reported $13.2M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $15.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

As the only community foundation for the ocean, The Ocean Foundation's 501(c)(3) mission is to improve global ocean health, climate resilience, and the blue economy. We create partnerships to connect people in the communities in which we work to the informational, technical, and financial resources they need to achieve their ocean stewardship goals.

Program Service Accomplishments

Program 1

Expenses: $5,707,382 Revenue: $221,598

Protecting Marine Habitats and Special Places - Our oceans are a mosaic of special places, from the bustling vibrancy of coral reefs to the tidal pools of rocky coasts, to the stark, glistening...

Protecting Marine Habitats and Special Places - Our oceans are a mosaic of special places, from the bustling vibrancy of coral reefs to the tidal pools of rocky coasts, to the stark, glistening beauty of the frozen Arctic. These habitats and ecosystems are more than just picturesque; they all provide vital benefits to the health of the ocean, the plants and animals that live in them, and the human communities that depend on them.

Program 2

Expenses: $3,515,615 Revenue: $239,349

Expanding Ocean Literacy and Public Awareness - One of the most significant barriers to progress in the marine conservation sector is the lack of genuine understanding about the vulnerability and...

Expanding Ocean Literacy and Public Awareness - One of the most significant barriers to progress in the marine conservation sector is the lack of genuine understanding about the vulnerability and connectivity of ocean systems. It is easy to view the oceans as vast, nearly unlimited sources of food and recreation, filled with abundant animals, plants, and protected spaces. As a result, it can be difficult to recognize the destructive consequences of human activities along the coast and beneath the surface. This lack of awareness creates a substantial need for programs that effectively communicate how the health of our oceans is connected to climate change, the global economy, biodiversity, human health, and our quality of life.

Program 3

Expenses: $2,568,683 Revenue: $87,273

Building the Capacity of the Marine Conservation Community- There are many outstanding conservation organizations dedicated to protecting and preserving our oceans. The Ocean Foundation provides...

Building the Capacity of the Marine Conservation Community- There are many outstanding conservation organizations dedicated to protecting and preserving our oceans. The Ocean Foundation provides assistance to these entities, which have a need to develop a certain skill or competence, or for general upgrading of performance ability. The Ocean Foundation was created in part to bring new financial and technical resources to the table so that we can increase the capacity of these organizations to pursue their missions.

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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 $12,160,757

Program Service Revenue $970,251

Investment Income $14,460

Other Revenue $50,666

TOTAL REVENUE $13,196,134

Expense Breakdown

Grants Paid $3,869,109

Salaries & Benefits $3,378,773

Fundraising Expenses $96,027

Program Expenses $14,157,258

Other Expenses $8,564,585

TOTAL EXPENSES $15,812,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,196,134	$18,847,028	-0.3%
Expenses	$15,812,467	$18,826,931	-0.2%
Net Income	$-2,616,333	$20,097	-131.2%

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

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

$293,265

Total Directors