OCEAN AGENCY (EIN 843398911) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

STEPHANIE TATE

Phone

7174976670

Tax Period

2024-01-01 to 2024-12-31

OCEAN AGENCY, founded in 2019, is a small nonprofit in the Environment sector that reported $210K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $238K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE OCEAN AGENCY CREATES DEMAND AND SUPPORT FOR OCEAN SCIENCE AND CONSERVATION - IDENTIFYING THE MOST URGENT ISSUES AND THEN DEVELOPING THE CREATIVE IDEAS, COMMUNICATIONS, AND COLLABORATIONS NEEDED TO HELP SOLVE THEM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $207,579

Program Service Revenue $1,851

Investment Income $0

Other Revenue $339

TOTAL REVENUE $209,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,316

Fundraising Expenses $24,055

Program Expenses $157,909

Other Expenses $53,774

TOTAL EXPENSES $238,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,769	$174,013	+0.2%
Expenses	$238,090	$254,712	-0.1%
Net Income	$-28,321	$-80,699	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$170,813

Total Directors

$170,813

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD VEVERS TATE	PRESIDENT & CEO	50	Officer Director	$97,157	$8,016	$105,173
STEPHANIE TATE	SENIOR PROGRAM MANAGER AND TREASURER	30	Officer Director	$55,785	$9,855	$65,640
JAYNE JENKINS	VICE PRESIDENT	2	Officer Director	$0	$0	$0
PATTI GROSS	SECRETARY	1	Officer Director	$0	$0	$0
SHANI ALEXANDER	DIRECTOR	1	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	$209,769	$238,090	$31,187	$-28,321
2022	$295,093	$414,545	$155,253	$-119,452
2021	$333,693	$372,212	$268,173	$-38,519
2020	$555,213	$261,375	$313,842	$293,838

OCEAN AGENCY