4OCEAN CHARITABLE FOUNDATION INC

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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

Phone

5613868606

Tax Period

2024-01-01 to 2024-12-31

4OCEAN CHARITABLE FOUNDATION INC, founded in 2022, is a community nonprofit in the Environment sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 84% operating margin.

Mission

4OCEAN FOUNDATION IS DEDICATED TO ENDING PLASTIC POLLUTION BY CLEANING OUR OCEAN, RIVERS, AND COASTLINES, TACKLING THE GROWING THREAT OF MICROPLASTICS, AND EMPOWERING COMMUNITIES THROUGH EDUCATION AND AWARENESS. OUR VISION IS CLEAR, A WORLD FREE FROM PLASTIC POLLUTION, WHERE THE OCEAN THRIVES AND FUTURE GENERATIONS INHERIT A HEALTHIER PLANET.

Program Service Accomplishments

Program 1

Expenses: $172,276 Revenue: $0

IN 2024, THE FOUNDATION WAS IN STARTUP MODE AND WE CREATED TWO EDUCATIONAL AND ENGAGEMENT CAMPAIGNS (1) FIGHT FOR THE OCEAN WITH A GOAL TO EDUCATE AND ENGAGE PEOPLE TO ENGAGE WITH THE FOUNDATION'S...

IN 2024, THE FOUNDATION WAS IN STARTUP MODE AND WE CREATED TWO EDUCATIONAL AND ENGAGEMENT CAMPAIGNS (1) FIGHT FOR THE OCEAN WITH A GOAL TO EDUCATE AND ENGAGE PEOPLE TO ENGAGE WITH THE FOUNDATION'S WEBSITE AND SUBJECT MATTER EXPERTISE. (2) IN CONJUNCTION WITH GIVING SEASON WE CREATED THE I AM THE OCEAN CAMPAIGN, AN INSPIRATIONAL EDUCATION VIDEO THAT INSPIRED HUNDREDS OF PEOPLE TO SIGN UP FOR OUR NEWSLETTER AND VISIT OUR WEBSITE FOR MORE INFORMATION.

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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 $1,601,140

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,601,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,782

Fundraising Expenses $16,664

Program Expenses $172,276

Other Expenses $188,107

TOTAL EXPENSES $253,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,601,140	N/A	N/A
Expenses	$253,889	N/A	N/A
Net Income	$1,347,251	$0	N/A

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

$51,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX SCHULZE	PRESIDENT & TREASURER	1.0	Officer Director	$0	$0	$0
SHAWN ZARBATANY	SECRETARY	1.0	Officer Director	$0	$0	$0
MARK PATHY	DIRECTOR	1.0	Director	$0	$0	$0
JACK LIGHTON	EXECUTIVE DIRECTOR eff. 9/2024	40.0	Officer	$51,288	$0	$51,288

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	$1,601,140	$253,889	$1,366,168	$1,347,251