INNOCEANA (EIN 844780735) - 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

2020

Legal Domicile

Principal Officer

Ben Cain

Phone

5109189758

Tax Period

2023-01-01 to 2023-12-31

INNOCEANA, founded in 2020, is a small nonprofit that reported $807K in total revenue in fiscal year 2023. Revenue surged 308% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 33% operating margin.

Mission

Innoceana's mission is to preserve the ocean for future generations by creating a global network of marine conservation centers that conduct innovative research and educate coastal communities. Innoceana works towards inspiring active change with the global community through education, research, storytelling, and participation.

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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 (2023)

Revenue Breakdown

Contributions & Grants $664,383

Program Service Revenue $136,875

Investment Income $5,929

Other Revenue $0

TOTAL REVENUE $807,187

Expense Breakdown

Grants Paid $274,800

Salaries & Benefits $193,080

Fundraising Expenses $9,443

Program Expenses $406,634

Other Expenses $69,675

TOTAL EXPENSES $537,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$807,187	$197,770	+3.1%
Expenses	$537,555	$143,277	+2.8%
Net Income	$269,632	$54,493	+3.9%

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

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

$45,689

Total Directors

$45,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carlos Mallo Molina	Executive Director	4	Officer Director	$45,689	$0	$45,689
Benjamin Cain	Treasurer	6	Officer Director	$0	$0	$0
Eric Larsen	President	6	Officer Director	$0	$0	$0
Lisa Sholley	Vice President	6	Officer Director	$0	$0	$0
Rebecca Friendly	Secretary	6	Officer Director	$0	$0	$0
Benjamin Novotny	Director	2	Director	$0	$0	$0
Maggie Seida	Director	4	Director	$0	$0	$0
Stuart Fraenkel	Director	2	Director	$0	$0	$0
Taylor Coccari	Director	4	Director	$0	$0	$0
Branwyn Lee	Director	2	Officer	$0	$0	$0
Chris Parker	Director	4	Officer	$0	$0	$0
Nicholas Rowley	Director	2	Officer	$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	No data	No data	No data	No data
2023	$807,187	$537,555	$380,266	$269,632
2022	$197,770	$143,277	$110,252	$54,493

INNOCEANA