Ocean Connections Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 173,591 | 233,087 | −59,496 | -3.1 | 53% |
| 2019 | 268,771 | 401,746 | −132,975 | -5.7 | 50% |
| 2020 | 465,388 | 339,093 | 126,295 | -2.3 | 49% |
| 2021 | 672,137 | 517,813 | 154,324 | 2.0 | 51% |
| 2022 | 361,350 | 557,159 | −195,809 | -2.3 | 48% |
| 2023 | 743,195 | 845,225 | −102,030 | -3.0 | 59% |
In its most recent public year (2023), this organization spent $102,030 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3 months). Staff pay was 59% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Ocean Connections Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works