THE GENESIS REEF PROJECT INC (EIN 474637792) - 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

GEORGE FRANKEL

Phone

7705003241

Tax Period

2023-01-01 to 2023-12-31

THE GENESIS REEF PROJECT INC, founded in 2015, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $342K, a strong 27% operating margin.

Mission

MARINE ENVIRONMENT DEVELOPMENT AND PRESERVATION

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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 $0

Program Service Revenue $1,228,503

Investment Income $111,154

Other Revenue $-76,712

TOTAL REVENUE $1,262,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,424

Fundraising Expenses $49,305

Program Expenses $801,547

Other Expenses $735,314

TOTAL EXPENSES $920,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,262,945	$924,636	+0.4%
Expenses	$920,738	$909,631	+0.0%
Net Income	$342,207	$15,005	+21.8%

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

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

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
GEORGE FRANKEL	DIRECTOR/PRE	40.00	Officer Director	$0	$0	$0
LAWRENCE DANIEL BEGGS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PATRICK WEATHERBY	DIRECTOR	1.00	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	$1,262,945	$920,738	$1,151,445	$342,207
2022	$924,636	$909,631	$787,082	$15,005
2021	$1,223,386	$775,084	$764,602	$448,302
2020	$622,793	$458,724	$323,472	$164,069
2019	$561,154	$523,352	$107,430	$37,802
2018	$495,930	$585,704	$74,894	$-89,774

THE GENESIS REEF PROJECT INC