Ocean Voyages Institute (EIN 942665367) - 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

1979

Legal Domicile

Principal Officer

Mary T Crowley

Phone

4153324681

Tax Period

2023-01-01 to 2023-12-31

Ocean Voyages Institute, founded in 1979, is a small nonprofit that reported $479K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $238K, a strong 50% operating margin.

Mission

The mission of the institute is preservation of the maritime arts and sciences, ocean environment and island cultures. Over the last couple of years, a primary program has involved solutions.

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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 $478,777

Program Service Revenue $0

Investment Income $148

Other Revenue $0

TOTAL REVENUE $478,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,260

Program Expenses $201,505

Other Expenses $241,250

TOTAL EXPENSES $241,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$478,925	$770,667	-0.4%
Expenses	$241,250	$483,329	-0.5%
Net Income	$237,675	$287,338	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary T Crowley	Director	25.00	Director	$0	$0	$0
ann nichols	Director	0.50	Director	$0	$0	$0
conrad gann	Director	1.00	Director	$0	$0	$0
John grant crowley	Director	1.00	Director	$0	$0	$0
ryan yerkey	Director	12.00	Director	$0	$0	$0
ann rundle	Director	2.00	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
2024	No data	No data	No data	No data
2023	$478,925	$241,250	$3,870,703	$237,675
2022	$770,667	$483,329	$3,634,028	$287,338
2021	$2,118,446	$405,017	$3,642,581	$1,713,429
2021	$1,818,446	$405,017	$3,342,581	$1,413,429
2020	$538,418	$298,419	$1,924,600	$239,999
2019	$459,679	$331,292	$1,693,796	$128,387
2018	$94,436	$80,618	$1,563,611	$13,818

Ocean Voyages Institute