FOUNDATION FOR MARINE ECOLOGY & TELEMETRY RESEARCH

EIN: 811023070 501(c)(3) Science & Technology

Seabeck, WA

Total Revenue
$1,928,407
Total Expenses
$1,932,851
Total Assets
$1,163,612
Net Assets
$379,234
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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
2016
Legal Domicile
WA
Principal Officer
GREGORY S SCHORR
Phone
2069314638
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR MARINE ECOLOGY & TELEMETRY RESEARCH, founded in 2016, is a community nonprofit in the Science & Technology sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

Support the conservation of marine species and populations by developing, improving and using technologies to conduct scientific research into their biology, behavior and physiology to improve public knowledge of marine species and human affects on them.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,210
Program Service Revenue $1,902,393
Investment Income $10,804
Other Revenue $0
TOTAL REVENUE $1,928,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $718,554
Fundraising Expenses $0
Program Expenses $1,602,978
Other Expenses $1,214,297
TOTAL EXPENSES $1,932,851

Year-over-Year Comparison

2024 2023 Change
Revenue $1,928,407 $1,693,905 +0.1%
Expenses $1,932,851 $1,580,416 +0.2%
Net Income $-4,444 $113,489 -1.0%
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

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
5
Employees
9
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
2
$270,189
Total Directors
7
$159,684
Key Employees
1
$14,678
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY S SCHORR DirectorPresidentBiologist 40.00
Officer Director
$159,684 $0 $159,684
BRENDA K RONE BIOLOGIST 40.00
Highest
$112,226 $0 $112,226
ERIN A FALCONE TREASURERBIOLOGIST 36.00
Officer
$110,505 $0 $110,505
ALEXANDRE N ZERBINI BIOLOGIST 5.00
Key Emp
$14,678 $0 $14,678
JAMES M LYMAN DIRECTOR 1.00
Director
$0 $0 $0
MIKE HAVERS DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER SENKLER DIRECTOR 1.00
Director
$0 $0 $0
JON SCHORR DIRECTOR 1.00
Director
$0 $0 $0
ERIKA BERGMAN DIRECTOR 1.00
Director
$0 $0 $0
MARK JOHNSON DIRECTOR 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 $1,928,407 $1,932,851 $1,163,612 $-4,444
2023 $1,693,905 $1,580,416 $628,688 $113,489
2022 $1,733,269 $1,744,128 $533,387 $-10,859
2021 $1,803,023 $1,587,112 $588,491 $215,911
2020 $1,009,729 $1,087,179 $382,073 $-77,450
2019 $1,423,554 $1,419,973 $415,972 $3,581
2018 $1,308,483 $1,238,622 $322,148 $69,861
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