HEAL THE OCEAN INC

EIN: 770565183 501(c)(3) Environment

SANTA BARBARA, CA

Total Revenue
$1,035,758
Total Expenses
$1,150,429
Total Assets
$1,897,465
Net Assets
$1,884,285
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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
1998
Legal Domicile
CA
Principal Officer
KARINA K LESSLEY
Phone
8059657570
Tax Period
2025-01-01 to 2025-12-31

HEAL THE OCEAN INC, founded in 1998, is a community nonprofit in the Environment sector that reported $1.0M in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

HEAL THE OCEAN FOCUSES ON REDUCING OCEAN POLLUTION AND PROVIDING SCIENCE- BASED SOLUTIONS TO IMPROVE THE HEALTH OF OUR OCEAN AND RESILIENCE OF OUR COASTS TO BENEFIT PEOPLE AND WILDLIFE. WE ARE FOCUSED ON SANTA BARBARA COUNTY, AND OUR METHODS SERVE AS MODELS FOR OTHER COASTAL COMMUNITIES ACROSS THE COUNTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000,838
Program Service Revenue $9,326
Investment Income $42,890
Other Revenue $-17,296
TOTAL REVENUE $1,035,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $523,082
Fundraising Expenses $137,871
Program Expenses $856,136
Other Expenses $627,347
TOTAL EXPENSES $1,150,429

Year-over-Year Comparison

2025 2024 Change
Revenue $1,035,758 $883,154 +0.2%
Expenses $1,150,429 $948,541 +0.2%
Net Income $-114,671 $-65,387 +0.8%
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

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Governance

Voting Members
7
Independent Members
6
Employees
7
Volunteers
300

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
$93,333
Total Directors
7
$225,781
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HILLARY HAUSER STRATEGIC AD 20.00
Director
$223,000 $2,781 $225,781
KARINA K LESSLEY EXECUTIVE DI 40.00
Officer
$93,333 $0 $93,333
TOM WHITE THROUGH JULY 2025 BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN-MICHEL COUSTEAU BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS DABNEY TREASURER 1.00
Officer Director
$0 $0 $0
HEATHER HUDSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES VINICK PRESIDENT 1.00
Officer Director
$0 $0 $0
JONATHAN WYGANT SECRETARY 1.00
Officer 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
2025 $1,035,758 $1,150,429 $1,897,465 $-114,671
2024 $883,154 $948,541 $2,040,800 $-65,387
2023 $1,568,270 $847,289 $2,106,124 $720,981
2022 $941,249 $674,629 $1,413,614 $266,620
2021 $741,797 $618,885 $1,150,835 $122,912
2020 $999,951 $501,502 $1,024,686 $498,449
2019 $529,975 $429,846 $510,542 $100,129
2018 $477,998 $392,426 $394,775 $85,572
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