Green Oceans (EIN 921677626) - 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

Elizabeth Knight

Tax Period

2024-01-01 to 2024-12-31

Green Oceans, founded in 2023, is a community nonprofit in the Environment sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

To educate the public about the ocean and the urgent need to protect this vital ecosystem. This includes researching and reporting on the impacts that industrializing ocean waters with turbines off the coast of RI and MA will impose on this fertile yet fragile ecosystem.

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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 $1,027,257

Program Service Revenue $0

Investment Income $55

Other Revenue $0

TOTAL REVENUE $1,027,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $75,685

Program Expenses $958,422

Other Expenses $1,047,283

TOTAL EXPENSES $1,047,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,027,312	$550,027	+0.9%
Expenses	$1,047,283	$347,659	+2.0%
Net Income	$-19,971	$202,368	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlotte DuHamel	Trustee	20.00	Director	$0	$0	$0
Barbara Chapman	Trustee	20.00	Director	$0	$0	$0
Bryan Haggerty	Treasurer	15.00	Officer Director	$0	$0	$0
Elizabeth Knight	Chair	40.00	Officer Director	$0	$0	$0
Bill Thompson	Co Chair	40.00	Officer Director	$0	$0	$0
Katie Hamilton Gewirz	Secretary	20.00	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	$1,027,312	$1,047,283	$197,711	$-19,971
2023	$550,027	$347,659	$364,938	$202,368

Green Oceans