OCEAN CITY REEF FOUNDATION 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

1998

Legal Domicile

Principal Officer

LEE MONTY HAWKINS

Phone

4432355531

Tax Period

2024-01-01 to 2024-12-31

OCEAN CITY REEF FOUNDATION INC, founded in 1998, is a small nonprofit in the Environment sector that reported $246K in total revenue in fiscal year 2024.

Mission

TO CREATE AND ENHANCE ARTIFICIAL REEFS OFF THE COAST OF OCEAN CITY MARYLAND

Program Service Accomplishments

Program 1

Expenses: $248,417

THE ORGANIZATION PROMOTES HABITAT ENHANCEMENT AND CONSERVATION ACTIVITIES OFF THE MARYLAND COAST BY PROVIDING FUNDS, EXPERTISE, SERVICES, AND MATERIALS TO CREATE AND ENHANCE OCEAN REEFS. A NEWSLETTER IS PUBLISHED AND DISTRIBUTED TO INFORM THE PUBLIC OF THE IMPORTANCE OF PROTECTING, BUILDING AND ENHANCING OCEAN REEFS.

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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 $209,754

Program Service Revenue $0

Investment Income $0

Other Revenue $36,658

TOTAL REVENUE $246,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,417

Other Expenses $248,417

TOTAL EXPENSES $248,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,412	$231,309	+0.1%
Expenses	$248,417	$178,695	+0.4%
Net Income	$-2,005	$52,614	-1.0%

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

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
JAMES BERGEY	DIRECTOR	N/A	Director	$0	$0	$0
HUGH CROPPER	DIRECTOR	N/A	Director	$0	$0	$0
RUSTY DAUB	DIRECTOR	N/A	Director	$0	$0	$0
JERRY FIELDS	DIRECTOR	N/A	Director	$0	$0	$0
BILL GORDON	TRES	N/A	Officer Director	$0	$0	$0
LEE MONTY HAWKINS	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICK YOUNGER	DRIECTOR	N/A	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	$246,412	$248,417	$84,352	$-2,005
2023	$231,309	$178,695	$86,358	$52,614
2022	$126,853	$175,715	$33,742	$-48,862
2021	$168,989	$142,048	$82,604	$26,941
2020	$114,808	$133,289	$55,663	$-18,481
2019	$94,056	$130,084	$74,144	$-36,028