TURKS AND CAICOS REEF FUND 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

2010

Legal Domicile

Principal Officer

ROBIN ROSEN

Phone

6176973548

Tax Period

2024-08-01 to 2025-07-31

TURKS AND CAICOS REEF FUND INC, founded in 2010, is a small nonprofit in the Environment sector that reported $474K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum.

Mission

ENVIRONMENTAL PROTECTION, RESEARCH AND ADVOCACY IN THE TURKS & CAICOS ISLANDS

Program Service Accomplishments

Program 1

Expenses: $300,639 Revenue: $149,146

REEF SUSTAINABILITY AND RESEARCH INCLUDING ESTABLISHMENT AND MAINTENANCE OF CORAL NURSERIES AND CORAL BIOBANKS AND RESEARCH INVOLVING CORAL RUBBLE, STONY CORAL TISSUE LOSS DIEASE AND OVERALL REEF...

REEF SUSTAINABILITY AND RESEARCH INCLUDING ESTABLISHMENT AND MAINTENANCE OF CORAL NURSERIES AND CORAL BIOBANKS AND RESEARCH INVOLVING CORAL RUBBLE, STONY CORAL TISSUE LOSS DIEASE AND OVERALL REEF SUSTAINABILITY

Program 2

Expenses: $22,918 Revenue: $27,297

MOORINGS AND SWIM ZONE MARKERS INCLUDING THE INSTALLATION AND MAINTENANCE OF DIVE AND SNORKEL BOAT MOORINGS AND SWIM ZONES

Program 3

Expenses: $27,239 Revenue: $6,996

EDUCATION & OUTREACH - ADVOCATING FOR ENVIRONMENTAL CAUSES BY PARTNERING WITH THE LOCAL COMMUNITY, BUSINESSES, VISITORS AND VARIOUS RESEARCH ORGANIZATIONS.

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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 $286,357

Program Service Revenue $183,439

Investment Income $-2,618

Other Revenue $7,013

TOTAL REVENUE $474,191

Expense Breakdown

Grants Paid $187,971

Salaries & Benefits $135,127

Fundraising Expenses $995

Program Expenses $350,796

Other Expenses $139,039

TOTAL EXPENSES $462,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$474,191	$271,156	+0.7%
Expenses	$462,137	$296,530	+0.6%
Net Income	$12,054	$-25,374	-1.5%

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
ROBIN ROSEN	PRESIDENT	2.00	Director	$0	$0	$0
ABBY HOFFMAN	SECRETARY	0.50	Director	$0	$0	$0
KATHY BARISCIANO	TREASURER	10.00	Director	$0	$0	$0
JOEL GOLDFARB	CHAIRMAN	10.00	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
2025	$474,191	$462,137	$389,344	$12,054
2024	$271,156	$296,530	$320,765	$-25,374
2023	$261,847	$282,903	$254,854	$-21,056
2022	$273,003	$218,586	$270,583	$54,417
2020	$175,007	$117,199	$187,524	$57,808