Marine Debris Foundation (EIN 884011690) - 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

2023

Legal Domicile

Principal Officer

Sherry Lippiatt

Phone

2026771338

Tax Period

2025-01-01 to 2025-12-31

Marine Debris Foundation, founded in 2023, is a small nonprofit in the Environment sector that reported $300K in total revenue in fiscal year 2025. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $286K left a modest 5% surplus.

Mission

Our mission is to achieve plastic-free waters by advancing innovative solutions, investing in new technologies, and supporting community-driven initiatives.

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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 (2025)

Revenue Breakdown

Contributions & Grants $299,905

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,297

Fundraising Expenses $85,474

Program Expenses $167,841

Other Expenses $38,715

TOTAL EXPENSES $286,012

Year-over-Year Comparison

	2025	2024	Change
Revenue	$299,905	$187,817	+0.6%
Expenses	$286,012	$88,008	+2.2%
Net Income	$13,893	$99,809	-0.9%

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

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

$174,252

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clare Romanik	Executive Dir.	40.00	Officer	$96,700	$1,140	$97,840
Susan Sherman	Executive Dir.	40.00	Officer	$76,412	$0	$76,412
Ginny Eckert	Chairman	2.00	Officer Director	$0	$0	$0
Nicholas Mallos	Director	2.00	Officer Director	$0	$0	$0
Carrie Thompson	Secretary	2.00	Officer Director	$0	$0	$0
Sherry Lippiatt	Treasurer	2.00	Officer Director	$0	$0	$0
Jenna Jambeck	Director	1.00	Director	$0	$0	$0
Julianne Curry	Director	1.00	Director	$0	$0	$0
Katie Conlon	Director	1.00	Director	$0	$0	$0
Miki Tomita	Director	1.00	Director	$0	$0	$0
Neil Tangri	Director	1.00	Director	$0	$0	$0
Scott Cassel	Director	1.00	Director	$0	$0	$0
Richard Formato	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
2025	$299,905	$286,012	$119,750	$13,893

Marine Debris Foundation