Ocean Research & Conservation Association Inc
Ocean Research & Conservation Association Inc shows strong asset growth and consistent surpluses with no reported officer compensation.
EIN: 200901011 · Vero Beach, FL · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $3.3M |
| Transparency Score | 90/100 |
Is Ocean Research & Conservation Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Research & Conservation Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Research & Conservation Association Inc
Ocean Research & Conservation Association Inc (EIN: 200901011) is a nonprofit organization based in Vero Beach, FL, classified under NTEE code C32. The organization reported total revenue of $2.7M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Research & Conservation Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Research & Conservation Association Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$379K |
| Total Assets | $4.2M |
| Total Liabilities | $949K |
| Net Assets | $3.3M |
| Operating Margin | 13.9% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2024, Ocean Research & Conservation Association Inc reported a surplus of $379K with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Ocean Research & Conservation Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -25.5% | +1.8% | +20.9% |
| 2023 | +29.2% | +15.8% | +11.7% |
| 2022 | +30.0% | +17.6% | +106.8% |
| 2021 | +15.6% | +7.8% | +17.5% |
| 2020 | +42.2% | +5.2% | +98.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean Research & Conservation Association Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Ocean Research & Conservation Association Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $379K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
Ocean Research & Conservation Association Inc reports 0% officer compensation across all 14 available filings, which is highly unusual and suggests that executive leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, indicating a strong commitment to directing funds towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ocean Research & Conservation Association Inc's IRS 990 filings:
- Lack of detailed public breakdown for program, administrative, and fundraising expenses, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Ocean Research & Conservation Association Inc:
- Strong program spending indicated by 0% officer compensation across all filings.
- Consistent revenue growth, from $1,881,676 in 2020 to $2,721,398 in 2024.
- Significant asset growth, from $1,294,047 in 2020 to $4,245,697 in 2024.
- Consistent operational surpluses in recent years, demonstrating financial sustainability (e.g., $378,711 in 2024).
- Excellent transparency with 14 years of consistent IRS 990 filings and zero reported officer compensation.
Frequently Asked Questions about Ocean Research & Conservation Association Inc
Is Ocean Research & Conservation Association Inc a legitimate charity?
Ocean Research & Conservation Association Inc (EIN: 200901011) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Ocean Research & Conservation Association Inc spend its money?
Ocean Research & Conservation Association Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ocean Research & Conservation Association Inc tax-deductible?
Ocean Research & Conservation Association Inc is registered as a tax-exempt nonprofit (EIN: 200901011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ocean Research & Conservation Association Inc's spending goes to programs?
Ocean Research & Conservation Association Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean Research & Conservation Association Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ocean Research & Conservation Association Inc is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ocean Research & Conservation Association Inc located?
Ocean Research & Conservation Association Inc is headquartered in Vero Beach, Florida and files with the IRS under EIN 200901011. It is classified under NTEE code C32.
How many years of IRS 990 filings does Ocean Research & Conservation Association Inc have?
Ocean Research & Conservation Association Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
Is Ocean Research & Conservation Association Inc a good charity?
Based on the available IRS 990 data, ORCA appears to be a very good charity. It demonstrates strong financial health with growing assets ($4,245,697 in 2024), consistent revenue generation ($2,721,398 in 2024), and operational surpluses. The most compelling factor is the consistent reporting of 0% officer compensation, indicating a high dedication to its mission and efficient use of donor funds.
How has ORCA's financial stability changed over time?
ORCA's financial stability has significantly improved. Assets have grown from $652,085 in 2019 to $4,245,697 in 2024, and revenues have generally trended upwards, from $1,323,203 in 2019 to $2,721,398 in 2024, indicating robust growth and increasing financial capacity.
What is the trend in ORCA's liabilities?
ORCA's liabilities have fluctuated but generally remained manageable relative to assets. They increased from $630,582 in 2019 to $949,442 in 2024, but assets have grown at a much faster rate, improving the organization's overall financial leverage and solvency.
Filing History
IRS 990 filing history for Ocean Research & Conservation Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ocean Research & Conservation Association Inc's revenue has grown by 118.2%, moving from $1.2M to $2.7M. Total assets increased by 283.3% over the same period, from $1.1M to $4.2M. Total functional expenses rose by 92.3%, from $1.2M to $2.3M. In its most recent filing year (2024), Ocean Research & Conservation Association Inc reported a surplus of $379K, with revenue exceeding expenses. The organization holds $949K in liabilities against $4.2M in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $2.3M | $4.2M | $949K | — | View 990 |
| 2023 | $3.7M | $2.3M | $3.5M | $595K | — | — |
| 2022 | $2.8M | $2.0M | $3.1M | $1.6M | — | View 990 |
| 2021 | $2.2M | $1.7M | $1.5M | $795K | — | View 990 |
| 2020 | $1.9M | $1.6M | $1.3M | $959K | — | View 990 |
| 2019 | $1.3M | $1.5M | $652K | $631K | — | View 990 |
| 2018 | $1.7M | $1.3M | $704K | $515K | — | View 990 |
| 2017 | $1.5M | $1.6M | $714K | $902K | — | View 990 |
| 2016 | $1.6M | $1.8M | $481K | $519K | — | View 990 |
| 2015 | $2.4M | $2.5M | $1.1M | $1.0M | — | View 990 |
| 2014 | $950K | $1.1M | $589K | $429K | — | View 990 |
| 2013 | $829K | $1.0M | $647K | $368K | — | View 990 |
| 2012 | $742K | $1.0M | $825K | $354K | — | View 990 |
| 2011 | $1.2M | $1.2M | $1.1M | $329K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.7M, expenses of $2.3M, and assets of $4.2M (revenue -25.5% year-over-year).
- 2023: Revenue of $3.7M, expenses of $2.3M, and assets of $3.5M (revenue +29.2% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.0M, and assets of $3.1M (revenue +30.0% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.7M, and assets of $1.5M (revenue +15.6% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.6M, and assets of $1.3M (revenue +42.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $652K (revenue -21.7% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.3M, and assets of $704K (revenue +15.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $714K (revenue -9.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.8M, and assets of $481K (revenue -34.2% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.5M, and assets of $1.1M (revenue +157.7% year-over-year).
- 2014: Revenue of $950K, expenses of $1.1M, and assets of $589K (revenue +14.5% year-over-year).
- 2013: Revenue of $829K, expenses of $1.0M, and assets of $647K (revenue +11.9% year-over-year).
- 2012: Revenue of $742K, expenses of $1.0M, and assets of $825K (revenue -40.5% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Research & Conservation Association Inc:
Data Sources and Methodology
This transparency report for Ocean Research & Conservation Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.