OCEAN AID 360 INC (EIN 823008707) - 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

DANIELLE DAWLEY

Phone

7272007781

Tax Period

2024-01-01 to 2024-12-31

OCEAN AID 360 INC, founded in 2017, is a small nonprofit in the Environment sector that reported $386K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 33% operating margin.

Mission

OCEAN AID 360 ORGANIZES EVENTS WITH VOLUNTEERS FROM THE LOCAL COMMUNITY TO FIND, RETRIEVE, AND RECYCLE MARINE DEBRIS AND DERELICT FISHING GEAR FROM THE LOCAL WATERSHED IN ORDER TO RESTORE ESSENTIAL FISH HABITAT. OCEAN AID 360 SUPPLIES LUNCH AND FISHING PRIZES TO INCENTIVIZE VOLUNTEER PARTICIPATION AND PERFOMANCE IN THE COASTAL CLEANUP EXPERIENCE.

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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 $385,534

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $385,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,529

Fundraising Expenses $0

Program Expenses $180,754

Other Expenses $185,883

TOTAL EXPENSES $256,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,534	$276,058	+0.4%
Expenses	$256,412	$201,513	+0.3%
Net Income	$129,122	$74,545	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE M POWERS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN K BOLGER	SECRETARY	1.00	Officer	$0	$0	$0
SUSANNE R BYRAM	TREASURER	2.00	Officer	$0	$0	$0
DANIELLE DAWLEY	VICE PRESIDE	8.00	Officer	$0	$0	$0
STEPHEN N HOLLAND	PRESIDENT	10.00	Officer	$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	$385,534	$256,412	$229,313	$129,122
2023	$276,058	$201,513	$100,191	$74,545

OCEAN AID 360 INC