OCEANARIUM AND EDUCATION CENTER (EIN 854186927) - 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

RICHARD POST

Phone

2072005465

Tax Period

2022-01-01 to 2022-12-31

OCEANARIUM AND EDUCATION CENTER, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $325K in total revenue in fiscal year 2022. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $381K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE CORPORATION IS ORGANIZED TO OPERATE THE OCEANARIUM AND EDUCATION CENTER IN MOUNT DESERT ISLAND MAINE, TO ORGANIZE EDUCATIONAL EVENTS, TOURS, AND ACTIVITIES AT THE OCEANARIUM AND EDUCATION CENTER TO EDUCATE THE PUBLIC ABOUT MAINE'S MARINE ECOSYSTEM AND MARINE LIFE, THE DARK SKIES OF ACADIA, SAFE KAYAKING, AND RELATED ACTIVITES, AND TO CONDUCT ANY OTHER ACTIVITES THAT MAY BE NECCESARY, USEFUL, OR DESIRABLE FOR THE FURTHERANCE OR ACCOMPLISHMENT OF THE FOREGOING PURPOSES, PROVIDED THAT THOSE ACTIVITIES WOULD NOT ENDANGER THE CORPERATION'S NOT-FOR-PROFIT OR TAX-EXEMPT STATUS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $322,460

Program Service Revenue $0

Investment Income $59

Other Revenue $2,823

TOTAL REVENUE $325,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,924

Fundraising Expenses $0

Other Expenses $228,523

TOTAL EXPENSES $381,447

Year-over-Year Comparison

	2022	2021	Change
Revenue	$325,342	$750,000	-0.6%
Expenses	$381,447	$38,968	+8.8%
Net Income	$-56,105	$711,032	-1.1%

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

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

$46,621

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD S POST	PRESIDENT	2.00	Director	$0	$0	$0
JOHN M TARRH	TREASURER	1.00	Director	$0	$0	$0
CRISTINA M POST	SECRETARY	1.00	Director	$0	$0	$0
JEFFREY CUMMING	EXECUTIVE DIRECTOR	20.00	Director	$46,621	$0	$46,621

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
2022	$325,342	$381,447	$675,832	$-56,105
2021	$750,000	$38,968	$731,501	$711,032
2020	$30,000	$9,531	$20,469	$20,469

OCEANARIUM AND EDUCATION CENTER