ALTASEADS CONSERVANCY DBA KELP ARK - THE GLOBAL MACROALGAE SEED (EIN 882044353) - 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

2022

Legal Domicile

Principal Officer

NINA NOUJDINA

Phone

4243827644

Tax Period

2024-01-01 to 2024-12-31

ALTASEADS CONSERVANCY DBA KELP ARK - THE GLOBAL MACROALGAE SEED, founded in 2022, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $398K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $571K exceeded revenue, resulting in a 44% operating deficit.

Mission

WE ARE DEVELOPING, MAINTANING AND CURATING SEED BANKS TO HELP NATURAL OCEAN KELP BEDS.

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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 $358,812

Program Service Revenue $37,941

Investment Income $1,250

Other Revenue $0

TOTAL REVENUE $398,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,215

Fundraising Expenses $66,125

Program Expenses $433,251

Other Expenses $220,192

TOTAL EXPENSES $571,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,003	$1,431,402	-0.7%
Expenses	$571,407	$299,773	+0.9%
Net Income	$-173,404	$1,131,629	-1.2%

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

$81,667

Total Directors

$104,336

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NINA NOUJDINA	CFOO/SECRETARY	20.00	Officer Director	$40,000	$0	$40,000
SERGUEI NOUJDINE	PRESIDENT	8.00	Officer Director	$41,667	$0	$41,667
NANCY CARUSO	DIRECTOR (THROUGH 3/24)	1.00	Director	$0	$0	$0
LINDA DUGUAY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GAINES	DIRECTOR (THROUGH 10/24)	1.00	Director	$21,469	$0	$21,469
NICK HAJEK	DIRECTOR	1.00	Director	$0	$0	$0
RUI PERRIERA	DIRECTOR	1.00	Director	$0	$0	$0
POLLY PURCELL	DIRECTOR	1.00	Director	$0	$0	$0
MARC VON KEITZ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES YARISH	DIRECTOR	1.00	Director	$1,200	$0	$1,200
ERIC BISHOP VON WETTBERG	DIRECTOR	1.00	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	$398,003	$571,407	$1,064,100	$-173,404
2023	$1,431,402	$299,773	$1,305,212	$1,131,629
2022	$509,122	$124,160	$384,962	$384,962

ALTASEADS CONSERVANCY DBA KELP ARK - THE GLOBAL MACROALGAE SEED