RENEW OCEANS INC (EIN 832435458) - 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

2018

Legal Domicile

Principal Officer

WHITNEY MASULIS

Phone

2152664237

Tax Period

2020-04-01 to 2020-12-30

RENEW OCEANS INC, founded in 2018, is a small nonprofit that reported $303K in total revenue in fiscal year 2020. Revenue surged 3963% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 1048% operating deficit.

Mission

RENEW OCEANS, INC. WORKED TO REDUCE OCEAN PLASTIC POLLUTION WHERE IT BEGAN-IN POPULOUS RIVER-ADJACENT COMMUNITIES IN THE DEVELOPING WORLD.

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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 (2020)

Revenue Breakdown

Contributions & Grants $300,000

Program Service Revenue $0

Investment Income $111

Other Revenue $3,000

TOTAL REVENUE $303,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,362

Fundraising Expenses $162,104

Program Expenses $2,737,410

Other Expenses $3,177,100

TOTAL EXPENSES $3,479,462

Year-over-Year Comparison

	2020	2019	Change
Revenue	$303,111	$7,461	+39.6%
Expenses	$3,479,462	$1,810,553	+0.9%
Net Income	$-3,176,351	$-1,803,092	+0.8%

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

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

$101,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WHITNEY MASULIS	PRESIDENT	0.50	Officer Director	$0	$0	$0
KANAKA PATTABIRAMAN	V.P. TIL JUL'20; SEC. BEGAN JUL'20	0.50	Officer Director	$0	$0	$0
MIN ZHANG	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
SUMEET BHATTI BODINGTON	CHIEF DEVELOP. OFFICER TIL JUN'20	40.00	Officer	$101,077	$0	$101,077
ALYSON CULIN	INTERIM EXEC DIRECTOR BEGAN JUL'20	32.00	Officer	$0	$0	$0
ANDREW J SULLIVAN	CHIEF OF STAFF	40.00	Highest	$100,968	$0	$100,968

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
2020	$7,461	$1,810,553	$3,195,511	$-1,803,092
2020	$303,111	$3,479,462	No data	$-3,176,351
2019	$5,000,000	$20,557	$4,990,488	$4,979,443

RENEW OCEANS INC