OCEAN VISIONS INC (EIN 842130219) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

BRAD ACK

Phone

2027669386

Tax Period

2024-01-01 to 2024-12-31

OCEAN VISIONS INC, founded in 2019, is a small nonprofit in the Science & Technology sector that reported $211K in total revenue in fiscal year 2019. The organization ran a surplus of $34K, a strong 16% operating margin.

Mission

DEVELOP INNOVATIVE AND DURABLE SOLUTIONS TO COMPLEX CHALLENGES FACING OUR OCEAN.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,075,247

Program Service Revenue $0

Investment Income $236,576

Other Revenue $2,047

TOTAL REVENUE $8,313,870

Expense Breakdown

Grants Paid $885,336

Salaries & Benefits $1,781,982

Fundraising Expenses $22,232

Program Expenses $3,372,104

Other Expenses $933,241

TOTAL EXPENSES $3,600,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,313,870	$3,574,949	+1.3%
Expenses	$3,600,559	$2,480,224	+0.5%
Net Income	$4,713,311	$1,094,725	+3.3%

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

$316,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BUNJE	BOARD MEMBER	1.00	Director	$0	$0	$0
EMANUELE DI LORENZO	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
NANCY KOWLTON	BOARD MEMBER	1.00	Director	$0	$0	$0
FIORENZA MICHELI	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE PULLEN	TREASURER	1.00	Officer Director	$0	$0	$0
BRAD ACK	CEO	40.00	Officer	$287,333	$29,077	$316,410
DAVID KOWEEK	CHIEF SCIENTIST	40.00	Highest	$172,350	$5,703	$178,053
NIKHIL NEELAKANTAN	SR PROGRAM OFFICER	40.00	Highest	$119,600	$3,880	$123,480
JESSICA KEITH	SR COMMUNICATIONS DIR( FRO	40.00	Highest	$121,264	$4,233	$125,497
COURTNEY MCGEACHY	PROGRAM DIRECTOR	40.00	Highest	$142,949	$21,609	$164,558
LEONARDO VALENZUELA PEREZ	PROGRAM DIRECTOR	40.00	Highest	$136,355	$16,468	$152,823

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	$8,313,870	$3,600,559	$9,945,033	$4,713,311
2023	$3,574,949	$2,480,224	$5,209,733	$1,094,725
2022	$3,044,937	$1,453,989	$4,025,912	$1,590,948
2021	$957,061	$463,048	$528,145	$494,013
2021	$2,291,104	$413,491	$2,405,679	$1,877,613
2020	$210,896	$176,764	$34,132	$34,132

OCEAN VISIONS INC