BIMINI BIOLOGICAL FIELD STATION FOUNDATION INC

EIN: 453573540 501(c)(3) Science & Technology

HOLLYWOOD, FL

Total Revenue
$585,834
Total Expenses
$779,136
Total Assets
$1,967,983
Net Assets
$1,962,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
FL
Principal Officer
DR MATTHEW SMUKALL
Phone
4074934866
Tax Period
2024-01-01 to 2024-12-31

BIMINI BIOLOGICAL FIELD STATION FOUNDATION INC, founded in 2011, is a small nonprofit in the Science & Technology sector that reported $586K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $779K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO ADVANCE THE KNOWLEDGE OF THE BIOLOGY OF MARINE ANIMALS ESPECIALLY THE HEAVILY IMPACTED ELASMOBRANCH FISH FAUNA (SHARKS AND RAYS); TO EDUCATE FUTURE SCIENTISTS AT THE UNDERGRADUATE AND GRADUATE LEVELS; AND TO DISSEMINATE OUR RESEARCH RESULTS TO ADVANCE THE FIELD OF MARINE SCIENCE AND CONVERSATION BIOLOGY, AS WELL AS RAISE PUBLIC PERCEPTION AND AWARENESS OF SHARKS AND OTHER MARINE SPIECIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $181,900
Program Service Revenue $353,567
Investment Income $42,952
Other Revenue $7,415
TOTAL REVENUE $585,834

Expense Breakdown

Grants Paid $0
Salaries & Benefits $139,996
Fundraising Expenses $0
Program Expenses $640,246
Other Expenses $639,140
TOTAL EXPENSES $779,136

Year-over-Year Comparison

2024 2023 Change
Revenue $585,834 $993,751 -0.4%
Expenses $779,136 $749,512 +0.0%
Net Income $-193,302 $244,239 -1.8%
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

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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
7
Independent Members
6
Employees
3
Volunteers
12

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
3
$90,037
Total Directors
4
$9,058
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MATTHEW SMUKALL PRESIDENT 40.00
Officer
$90,037 $0 $90,037
DR RALPH GRUBBS DIRECTOR N/A
Director
$9,058 $0 $9,058
DR BRIAN FRANKS VICE CHAIRMA N/A
Director
$0 $0 $0
PROFESSOR AYA GRUBER DIRECTOR N/A
Director
$0 $0 $0
DR STEVE KESSEL DIRECTOR N/A
Director
$0 $0 $0
MELISSA DRAKE TREASURER N/A
Officer
$0 $0 $0
DR KEVIN FELDHEIM CHAIRMAN OF N/A
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 $585,834 $779,136 $1,967,983 $-193,302
2023 $993,751 $749,512 $2,137,998 $244,239
2022 $992,680 $663,340 $1,916,378 $329,340
2020 $516,165 $559,210 $1,569,665 $-43,045
2019 $843,343 $728,354 $1,602,721 $114,989
2019 $843,343 $728,354 $1,602,721 $114,989
2018 $663,233 $469,647 $1,488,062 $193,586
2017 $811,328 $459,176 $1,309,620 $352,152
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