REEF BARNES CANYON 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

CORY CARLSON

Phone

2063820825

Tax Period

2024-01-01 to 2024-12-31

REEF BARNES CANYON INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $985K, a strong 58% 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.

Program Service Accomplishments

Program 1

REEF BARNES CANYON, INC. WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING, HOLDING TITLE TO, AND COLLECTING INCOME FROM REAL PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF SUCH INCOME, LESS...

REEF BARNES CANYON, INC. WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING, HOLDING TITLE TO, AND COLLECTING INCOME FROM REAL PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, TO ITS SOLE MEMBER, A TRUST EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(A) AS IT IS A QUALIFIED PENSION PLAN AS DEFINED IN IRC SECTION 401(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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,692,666

Investment Income $144

Other Revenue $0

TOTAL REVENUE $1,692,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $707,535

TOTAL EXPENSES $707,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,692,810	$1,636,199	+0.0%
Expenses	$707,535	$670,930	+0.1%
Net Income	$985,275	$965,269	+0.0%

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
PETER BURY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JENNY GAGE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ROBIN DEAN	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	$1,692,810	$707,535	$10,676,114	$985,275
2023	$1,636,199	$670,930	$10,586,141	$965,269
2022	$1,547,849	$685,425	$10,951,296	$862,424
2021	$1,455,074	$701,047	$11,204,390	$754,027
2020	$1,411,122	$666,717	$11,254,520	$744,405
2019	$1,142,854	$658,127	$11,486,732	$484,727
2018	$1,330,112	$649,171	$11,649,458	$680,941