Gulf Offshore Research Institute

EIN: 824271787 501(c)(3) Education

Mandeville, LA

Total Revenue
$67,183
Total Expenses
$67,124
Total Assets
$23,896
Net Assets
$19,463
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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
LA
Phone
9857894146
Tax Period
2024-01-01 to 2024-12-31

Gulf Offshore Research Institute, founded in 2018, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring.

Mission

Creating alternative uses for offshore oil and gas platforms.

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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 $67,183
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $67,183

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,350
Fundraising Expenses $0
Program Expenses $20,867
Other Expenses $48,774
TOTAL EXPENSES $67,124

Year-over-Year Comparison

2024 2023 Change
Revenue $67,183 $139,233 -0.5%
Expenses $67,124 $142,016 -0.5%
Net Income $59 $-2,783 -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
4
Independent Members
4
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kent Satterlee Executive Director 20.00
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
2024 $67,183 $67,124 $23,896 $59
2023 $139,233 $142,016 $39,179 $-2,783
2022 $220,035 $260,927 $48,928 $-40,892
2021 $236,708 $272,693 $98,659 $-35,985
2020 $223,546 $219,544 $122,064 $4,002
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