OCEAN CONNECTIONS INC

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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

Principal Officer

SHELLEY BALLMANN

Phone

4144535527

Tax Period

2024-01-01 to 2024-12-31

OCEAN CONNECTIONS INC, founded in 2018, is a community nonprofit in the Animal-Related sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum.

Mission

THE MISSION IS TO INSPIRE CONSERVATION AWARENESS AND PUBLIC ACTION FOR OUR WORLD'S OCEANS THROUGH EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,287,928

THE MISSION IS TO INSPIRE CONSERVATION AWARENESS AND PUBLIC ACTION FOR OUR WORLD'S OCEANS THROUGH EDUCATION.

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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 $0

Program Service Revenue $1,370,455

Investment Income $18

Other Revenue $5,179

TOTAL REVENUE $1,375,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $930,305

Fundraising Expenses $0

Program Expenses $1,293,496

Other Expenses $422,694

TOTAL EXPENSES $1,352,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,375,652	$743,195	+0.9%
Expenses	$1,352,999	$845,225	+0.6%
Net Income	$22,653	$-102,030	-1.2%

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

Volunteers

250

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
KYLIE BALLMANN	SECRETARY	N/A	Director	$0	$0	$0
SHELLEY BALLMANN	PRESIDENT	N/A	Director	$0	$0	$0
TIFFANY OGLE	BOARD MEMBER	N/A	Director	$0	$0	$0
SUZANNE RAPP	VICE PRESIDE	N/A	Director	$0	$0	$0
HOLLY SCHMIDTKE	FINANCE CHAI	N/A	Director	$0	$0	$0
VICKI SHAMION	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2024	$1,375,652	$1,352,999	$257,607	$22,653
2023	$743,195	$845,225	$230,198	$-102,030
2022	$361,350	$557,159	$358,356	$-195,809
2021	$672,137	$517,813	$257,642	$154,324
2020	$465,388	$339,093	$118,451	$126,295
2019	$268,771	$401,746	$7,567	$-132,975
2018	$173,591	$233,087	$940	$-59,496