Oceans Initiative (EIN 901015993) - 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

2011

Legal Domicile

Principal Officer

Erin Ashe

Phone

2068894456

Tax Period

2023-01-01 to 2023-12-31

Oceans Initiative, founded in 2011, is a small nonprofit in the Science & Technology sector that reported $862K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

Oceans Initiative is a team of scientists on a mission to protect marine life and the ecosystems on which they depend, and to share our innovative science to guide conservation action.

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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 (2023)

Revenue Breakdown

Contributions & Grants $855,866

Program Service Revenue $0

Investment Income $0

Other Revenue $6,000

TOTAL REVENUE $861,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,293

Fundraising Expenses $30,552

Program Expenses $711,882

Other Expenses $562,045

TOTAL EXPENSES $1,118,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,866	$1,174,810	-0.3%
Expenses	$1,118,138	$1,005,461	+0.1%
Net Income	$-256,272	$169,349	-2.5%

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

$151,400

Total Directors

$319,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rob Williams	Chief Scientist	40.00	Director	$159,821	$7,991	$167,812
Erin Ashe	Executive Dir.	40.00	Officer Director	$144,200	$7,200	$151,400
Gae Weber	President	1.00	Officer Director	$0	$0	$0
Duschka Fowler-Dunning	Treasurer	1.00	Officer Director	$0	$0	$0
Melissa Hornbein	Secretary	1.00	Officer 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	No data	No data	No data	No data
2023	$861,866	$1,118,138	$182,772	$-256,272
2022	$1,174,810	$1,005,461	$340,668	$169,349
2021	$899,313	$941,690	$230,694	$-42,377
2021	$899,313	$916,419	$229,940	$-17,106
2020	$664,562	$636,106	$270,746	$28,456
2019	$429,302	$398,142	$222,984	$31,160
2018	$386,618	$400,761	$237,625	$-14,143

Oceans Initiative