GLOBAL CORAL REEF ALLIANCE INC

EIN: 133668961 501(c)(3) Environment

Cambridge, MA

Total Revenue
$50,944
Total Expenses
$127,464
Total Assets
$73,676
Net Assets
$73,676
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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
1991
Legal Domicile
MA
Principal Officer
Thomas Goreau
Phone
6178644226
Tax Period
2023-01-01 to 2023-12-31

GLOBAL CORAL REEF ALLIANCE INC, founded in 1991, is a micro nonprofit in the Environment sector that reported $51K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 150% operating deficit.

Mission

N/A

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

N/A

Program 2
Expenses: $0 Revenue: $0

N/A

Program 3
Expenses: $0 Revenue: $0

N/A

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $50,935
Program Service Revenue $0
Investment Income $9
Other Revenue $0
TOTAL REVENUE $50,944

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $127,464
TOTAL EXPENSES $127,464

Year-over-Year Comparison

2023 2022 Change
Revenue $50,944 $180,598 -0.7%
Expenses $127,464 $150,019 -0.2%
Net Income $-76,520 $30,579 -3.5%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Thomas Goreau President 60
Officer Director
$0 $0 $0
Dr Ernest Williams Director 5
Director
$0 $0 $0
Dr Raymond Hayes Director 5
Director
$0 $0 $0
Jonathan Allen Director 5
Director
$0 $0 $0
Dr James Cervino Director 5
Director
$0 $0 $0
Thomas Sarkisian Director 20
Officer 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
2023 $50,944 $127,464 $73,676 $-76,520
2022 $180,598 $150,019 $150,196 $30,579
2021 $77,630 $97,362 $119,617 $-19,732
2020 $203,535 $102,419 $139,349 $101,116
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