OCEAN ADVENTURE PROGRAMS INC

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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

1989

Legal Domicile

Principal Officer

Erik Nelsen

Phone

9492907033

Tax Period

2023-04-01 to 2024-03-31

OCEAN ADVENTURE PROGRAMS INC, founded in 1989, is a micro nonprofit that reported $6K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 150% operating deficit.

Mission

Ocean science and ocean safety education.

Program Service Accomplishments

Program 1

Expenses: $14,377 Revenue: $5,750

This education program provides children the opportunity to learn about the ocean and its inhabitants and to learn ocean safety.

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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 $0

Program Service Revenue $5,750

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,750

Expense Breakdown

Grants Paid $800

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,377

Other Expenses $13,577

TOTAL EXPENSES $14,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,750	$14,188	-0.6%
Expenses	$14,377	$21,257	-0.3%
Net Income	$-8,627	$-7,069	+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

N/A

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
Erik Nelsen	President	20.00	Officer Director	$0	$0	$0
Jeff Nelsen	CFO	5.00	Officer Director	$0	$0	$0
Dan Stafford	Vice President	1.00	Officer	$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	$5,750	$14,377	$55,081	$-8,627
2023	$14,188	$21,257	$63,708	$-7,069
2022	$10,599	$5,341	$70,777	$5,258
2021	$5,403	$2,799	$65,519	$2,604
2020	$14,188	$12,970	$62,915	$1,218
2019	$240,350	$239,606	$61,697	$744