REEL THANX 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

2008

Legal Domicile

Principal Officer

STEVE DUNAGAN

Phone

2816650962

Tax Period

2024-01-01 to 2024-12-31

REEL THANX INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $137K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $126K left a modest 8% surplus.

Mission

TO HONOR OUR MILITARY SERVICE MEMBERS, BOTH ACTIVE DUTY AND RETIRED, FOR THEIR PATRIOTISM, BRAVERY, AND LOVE OF COUNTRY BY GETTING THEM BACK TO NATURE. TAKING THEM FISHING SO THEY CAN FOCUS ON WHAT THEY CAN DO, NOT WHAT THEY NO LONGER CAN.

Program Service Accomplishments

Program 1

Expenses: $86,766

PROVIDE FOUR FISHING TRIPS TO WOUNDED SOLDIERS. THESE TRIPS HELP TO FACILITATE PHYSICAL HEALING BY PROMOTING AN OUTDOOR ACTIVITY THAT THESE HEROES CAN TAKE PART IN DESPITE THEIR VARIOUS DISABILITIES...

Program 2

Expenses: $33,731

HONOR THE WIVES OF THE REEL THANX PARTICIPANTS BY PROVIDING THEM WITH AN ALL EXPENSE PAID WEEKEND RETREAT OF PAMPERING AND REST AND RELAXATION. REEL WIVES PLANS MANY ACTIVITIES THAT ARE MEANT TO...

HONOR THE WIVES OF THE REEL THANX PARTICIPANTS BY PROVIDING THEM WITH AN ALL EXPENSE PAID WEEKEND RETREAT OF PAMPERING AND REST AND RELAXATION. REEL WIVES PLANS MANY ACTIVITIES THAT ARE MEANT TO PAMPER AND HONOR THEM BY PROVIDING FUN AND REWARDING OPPORTUNITIES NOT COMMONLY EXPERIENCED BY MILITARY WIVES. THERE WERE TWO TRIPS PROVIDED IN 2024 AND 5 GUESTS WERE HOSTED.

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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 $136,357

Program Service Revenue $0

Investment Income $29

Other Revenue $328

TOTAL REVENUE $136,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,497

Other Expenses $125,933

TOTAL EXPENSES $125,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,714	$175,395	-0.2%
Expenses	$125,933	$121,297	+0.0%
Net Income	$10,781	$54,098	-0.8%

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
STEVE DUNAGAN	PRESIDENT	7.67	Officer Director	$0	$0	$0
MIKE W STARKEY	VICE PRESIDE	11.54	Officer Director	$0	$0	$0
MIKE LIPSEY	SECRETARY	7.67	Officer Director	$0	$0	$0
GEORGE BAER	DIRECTOR	19.23	Director	$0	$0	$0
CARSON MACHEN	DIRECTOR	7.67	Director	$0	$0	$0
BRIAN PARKER	DIRECTOR	7.67	Director	$0	$0	$0
ERIC PEACOCK	DIRECTOR	7.67	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	$136,714	$125,933	$402,845	$10,781
2023	$175,395	$121,297	$390,000	$54,098
2022	$141,767	$109,844	$336,625	$31,923
2021	$167,040	$131,130	$304,165	$35,910
2020	$100,668	$76,453	$267,457	$24,215
2019	$100,667	$141,492	$243,242	$-40,825
2018	$150,053	$140,320	$284,067	$9,733