REEF PLAZA DEL LAGO INC (EIN 203677549) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

CORY CARLSON

Phone

2063820825

Tax Period

2023-01-01 to 2023-12-31

REEF PLAZA DEL LAGO INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 47% operating margin.

Mission

THE ENTITY IS ORGANIZED AS A TITLE-HOLDING COMPANY, ORGANIZED SOLELY FOR THE LIMITED PURPOSE OF ACQUIRING, OWNING, IMPROVING, LEASING, MANAGING, OPERATING AND HOLDING REAL ESTATE FOR INVESTMENT PURPOSES. THE ENTITY REMITS THE NET AMOUNTS TO A QUALIFYING 501(A) PARENT.

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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 $3,480,136

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,480,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,838,018

TOTAL EXPENSES $1,838,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,480,136	$3,373,892	+0.0%
Expenses	$1,838,018	$1,816,998	+0.0%
Net Income	$1,642,118	$1,556,894	+0.1%

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
CORY A CARLSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK S MALLEY	CEO/PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT KOVECS	SECRETARY/CFO/TREASURER	1.00	Officer	$0	$0	$0
ROBIN DEAN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
PETER BURY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JENNY GAGE	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	No data	No data	No data	No data
2023	$3,480,136	$1,838,018	$37,951,268	$1,642,118
2022	$3,373,892	$1,816,998	$38,070,007	$1,556,894
2021	$3,176,693	$1,730,322	$38,306,413	$1,446,371
2020	$2,689,600	$1,818,037	$38,209,646	$871,563
2019	$3,101,795	$1,692,574	$38,873,743	$1,409,221
2018	$2,843,493	$1,639,566	$39,461,992	$1,203,927

REEF PLAZA DEL LAGO INC