Ocean Blue Project Inc (EIN 753022057) - 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

2018

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Ocean Blue Project Inc, founded in 2018, is a small nonprofit in the Youth Development sector that reported $536K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $274K, a strong 51% operating margin.

Mission

Ocean Blue Project is a grassroots environmental charitable organization with a Mission to protect the health of humans, our One World Ocean, beaches, and rivers through collaborative community driven plastic pollution relief, service learning projects, scientific research, and youth education

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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 $535,518

Program Service Revenue $0

Investment Income $627

Other Revenue $309

TOTAL REVENUE $536,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,162

Fundraising Expenses $50,552

Program Expenses $183,435

Other Expenses $243,601

TOTAL EXPENSES $262,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$536,454	$256,342	+1.1%
Expenses	$262,763	$94,270	+1.8%
Net Income	$273,691	$162,072	+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

N/A

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

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Arterbury	Executive Dir.	40.00	Director	$15,000	$0	$15,000
Karisa Arterbury	Director	0.00	Director	$0	$0	$0
Jenne Bristow	Secretary	0.00	Director	$0	$0	$0
Hima Bindu Sadashiva Reddy	Trustee	0.00	Director	$0	$0	$0
Liam Granucci	Trustee	0.00	Director	$0	$0	$0
Jennifer Jeck	Trustee	0.00	Director	$0	$0	$0
Jaime Poole	Trustee	0.00	Director	$0	$0	$0
Florian Brinda	Trustee	0.00	Director	$0	$0	$0
Serena Rutledge	Trustee	0.00	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	$536,454	$262,763	$663,347	$273,691
2023	$256,342	$94,270	$161,519	$162,072

Ocean Blue Project Inc