Ocean Reef Conservation Association Inc

EIN: 264692639 501(c)(3) Environment

Key Largo, FL

Total Revenue
$451,837
Total Expenses
$513,264
Total Assets
$1,687,183
Net Assets
$1,658,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
FL
Principal Officer
Jack Salisbury
Phone
3053673321
Tax Period
2023-01-01 to 2023-12-31

Ocean Reef Conservation Association Inc, founded in 2009, is a small nonprofit in the Environment sector that reported $452K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $513K exceeded revenue, resulting in a 14% operating deficit.

Mission

To protect and preserve the environment, fish, wildlife and marine related areas including water quality and habitat. To protect nearby and offshore coral reefs and fishery habitats by repairing, re-growth and regeneration, in order to have a sustainable fishery. To provide scholarships to graduating high-school seniors in the Keys that plan to pursue a major in the areas of environmental and marine studies.

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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 $445,233
Program Service Revenue $0
Investment Income $6,604
Other Revenue $0
TOTAL REVENUE $451,837

Expense Breakdown

Grants Paid $449,994
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $494,057
Other Expenses $63,270
TOTAL EXPENSES $513,264

Year-over-Year Comparison

2023 2022 Change
Revenue $451,837 $400,307 +0.1%
Expenses $513,264 $436,092 +0.2%
Net Income $-61,427 $-35,785 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jack Salisbury Chairman 0.00
Officer Director
$0 $0 $0
Robert Ecuyer Secretary 0.00
Officer Director
$0 $0 $0
Calvin Philips Treasurer 0.00
Officer Director
$0 $0 $0
Kenneth Reda Scholarships 0.00
Officer Director
$0 $0 $0
Paul Di Maura Scholarships 0.00
Director
$0 $0 $0
Bill Legg Member 0.00
Director
$0 $0 $0
Tom Davidson Jr Member 0.00
Director
$0 $0 $0
Doug Hynden Member 0.00
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 No data No data No data No data
2023 $451,837 $513,264 $1,687,183 $-61,427
2022 $400,307 $436,092 $1,715,356 $-35,785
2021 $409,528 $309,884 $1,746,781 $99,644
2020 $466,854 $446,454 $1,647,137 $20,400
2019 $176,305 $389,157 $1,626,737 $-212,852
2018 $402,308 $424,949 $1,839,589 $-22,641
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