OCEAN SOLE AFRICA INC (EIN 832899477) - 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

Principal Officer

ERIN SMITH

Phone

8186313447

Tax Period

2024-01-01 to 2024-12-31

OCEAN SOLE AFRICA INC, founded in 2018, is a small nonprofit in the Environment sector that reported $444K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

OCEAN SOLE AFRICA'S MISSION IS TO TURN THE EARTH'S PLASTIC POLLUTION INTO INSPIRING ART AND CREATE EMPLOYMENT OPPORTUNITIES IN INDIGINOUS HIGH IMPACT COMMUNITIES.

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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 $89,856

Program Service Revenue $353,954

Investment Income $0

Other Revenue $0

TOTAL REVENUE $443,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,099

Fundraising Expenses $0

Program Expenses $479,238

Other Expenses $351,139

TOTAL EXPENSES $479,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,810	$629,326	-0.3%
Expenses	$479,238	$654,488	-0.3%
Net Income	$-35,428	$-25,162	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SMITH	TREASURER	N/A	Officer Director	$0	$0	$0
ERIN SMITH	PRESIDENT	N/A	Officer Director	$0	$0	$0
JACKIE SMITH	SECRETARY	N/A	Officer Director	$0	$0	$0
ERIK VON VLIET	VICE PRESIDE	N/A	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
2025	No data	No data	No data	No data
2024	$443,810	$479,238	$152,315	$-35,428
2023	No data	No data	No data	No data
2022	$339,066	$490,490	$1,317,642	$-151,424
2021	$412,477	$425,273	$1,451,958	$-12,796

OCEAN SOLE AFRICA INC