Reelin' for Research Inc (EIN 271029024) - 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

2009

Legal Domicile

Principal Officer

Richard Montana

Phone

9199714600

Tax Period

2023-01-01 to 2023-12-31

Reelin' for Research Inc, founded in 2009, is a small nonprofit in the Medical Research sector that reported $832K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $388K, a strong 47% operating margin.

Mission

To provide a self-sustaining charity fishing tournament which is known by many as one of the best tournaments on the east coast. To continue to raise significant amounts of money each year for children's cancer research until we have beaten the disease.

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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 $824,970

Program Service Revenue $0

Investment Income $10,030

Other Revenue $-3,056

TOTAL REVENUE $831,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,982

Fundraising Expenses $8,151

Program Expenses $400,900

Other Expenses $419,573

TOTAL EXPENSES $443,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$831,944	$760,032	+0.1%
Expenses	$443,555	$957,798	-0.5%
Net Income	$388,389	$-197,766	-3.0%

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

Volunteers

N/A

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

$10,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Montana	Chairman	10.00	Officer Director	$0	$0	$10,000
Brian Cooke	Corporate Sponsorships	10.00	Director	$0	$0	$0
Ann Margaret Correll	Special Projects Coordinat	15.00	Director	$0	$0	$0
Denise Larcinese	Treasurer	10.00	Officer Director	$0	$0	$0
Seth Marshall	Boats/Registration	10.00	Director	$0	$0	$0
Mike Kilpatrick	Boats/Registration	6.00	Director	$0	$0	$0
Heather Barber	Tournament Director	20.00	Director	$0	$0	$0
Molly Skinner-Pendleton	Raleigh Committee Chair	6.00	Director	$0	$0	$0
Tom Flanagan	Donations/Prizes	6.00	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	$831,944	$443,555	$824,449	$388,389
2022	$760,032	$957,798	$435,269	$-197,766
2021	$704,128	$1,429,197	$638,760	$-725,069
2020	$242,172	$1,601,712	$1,286,645	$-1,359,540
2019	$693,604	$189,454	$2,656,588	$504,150
2018	$615,267	$163,588	$1,887,837	$451,679

Reelin' for Research Inc