4OCEAN CHARITABLE FOUNDATION INC

EIN: 882694307 501(c)(3) Environment

BOCA RATON, FL

Total Revenue
$1,601,140
Total Expenses
$253,889
Total Assets
$1,366,168
Net Assets
$1,346,951
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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
DE
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'S CORE PROGRAMMATIC IMPACT IS FOCUSED ON TWO FRONTS (1) GLOBAL OCEAN PLASTIC POLLUTION CLEANUP (2) EDUCATION AND ENGAGEMENT CAMPAIGNS TO GROW THE AUDIENCE TO HELP REDUCE RELIANCE ON SINGLE USE PLASTICS.

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
3
$51,288
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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