FRIENDS OF THE RIO GRANDE VALLEY REEF INC (EIN 474622438) - 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

2015

Legal Domicile

Principal Officer

CURTIS A HAYUNGS

Phone

9569433500

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE RIO GRANDE VALLEY REEF INC, founded in 2015, is a small nonprofit in the Animal-Related sector that reported $317K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $51K, a strong 16% operating margin.

Mission

FRIENDS OF THE RIO GRANDE VALLEY REEF IS DEDICATED TO ASSISTING IN PERMITTING AND FUNDING AN ARTIFICIAL REEF NORTH OF THE SOUTH PADRE ISLAND JETTY.

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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 $316,888

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $316,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $44,980

Program Expenses $220,234

Other Expenses $222,397

TOTAL EXPENSES $265,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,888	$346,571	-0.1%
Expenses	$265,879	$449,508	-0.4%
Net Income	$51,009	$-102,937	-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
ROBERT GLICK	SECRETARY	40.00	Officer Director	$0	$0	$0
CURTIS A HAYUNGS	PRESIDENT	40.00	Officer Director	$0	$0	$0
KEITH JUD	DIRECTOR	40.00	Officer Director	$0	$0	$0
SCOTT VANDERPOOL	TREASURER	40.00	Officer 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	$316,888	$265,879	$698,751	$51,009
2023	$346,571	$449,508	$647,739	$-102,937
2022	$1,192,515	$580,858	$750,676	$611,657
2021	$354,993	$1,125,304	$140,961	$-770,311
2020	$1,500,638	$944,547	$912,282	$556,091
2019	$284,100	$355,704	$353,239	$-71,604
2018	$721,966	$466,781	$424,843	$255,185

FRIENDS OF THE RIO GRANDE VALLEY REEF INC