AMERICAN FRIENDS OF THE OCEAN CLEANUP FOUNDATION (EIN 815132355) - 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

2017

Legal Domicile

Principal Officer

JOY P GAO

Phone

3322368004

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FRIENDS OF THE OCEAN CLEANUP FOUNDATION, founded in 2017, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $17.7M exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PRESERVE AND PROTECT THE NATURAL OCEAN ENVIRONMENT FOR THE BENEFIT OF THE PUBLIC.

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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 $11,705,133

Program Service Revenue $0

Investment Income $809,690

Other Revenue $-868

TOTAL REVENUE $12,513,955

Expense Breakdown

Grants Paid $17,147,000

Salaries & Benefits $0

Fundraising Expenses $108,594

Program Expenses $17,301,775

Other Expenses $585,162

TOTAL EXPENSES $17,732,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,513,955	$19,747,898	-0.4%
Expenses	$17,732,162	$30,619,405	-0.4%
Net Income	$-5,218,207	$-10,871,507	-0.5%

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

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

$297,047

Total Directors

$297,047

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOYAN DAMIR SLAT	PRESIDENT	1.00	Officer Director	$0	$0	$185,750
JOY GAO	TREASURER	1.00	Officer Director	$0	$0	$111,297
CARL MR VAN DER ZANDT	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT C PARKER	DIRECTOR	1.00	Director	$0	$0	$0
PETER SCHWARTZ	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	$12,513,955	$17,732,162	$20,206,628	$-5,218,207
2023	$19,747,898	$30,619,405	$20,673,378	$-10,871,507
2022	$36,740,334	$23,744,670	$45,358,189	$12,995,664
2021	$8,535,781	$7,896,828	$18,161,783	$638,953
2020	$4,270,344	$85,306	$7,608,235	$4,185,038
2019	$5,836,437	$3,072,855	$3,298,809	$2,763,582
2018	$2,625,278	$2,095,133	$661,285	$530,145

AMERICAN FRIENDS OF THE OCEAN CLEANUP FOUNDATION