Harbor Branch Oceanographic Instit… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

MIKE O'REILY

Phone

7724669876

Tax Period

2023-07-01 to 2024-06-30

Harbor Branch Oceanographic Institute Foundation Inc, founded in 1975, is a community nonprofit in the Science & Technology sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $7.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION IS TO SUPPORT THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE, A RESEARCH INSTITUTE OF FLORIDA ATLANTIC UNIVERSITY. THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION PROVIDES (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $6,181,106 Revenue: $0

HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION, INC. IS THE LEGISLATIVELY-DESIGNATED RECIPIENT FROM THE STATE OF FLORIDA FOR AND ADMINISTERS THE FLORIDA "PROTECT WILD DOLPHINS", "PROTECT FLORIDA...

HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION, INC. IS THE LEGISLATIVELY-DESIGNATED RECIPIENT FROM THE STATE OF FLORIDA FOR AND ADMINISTERS THE FLORIDA "PROTECT WILD DOLPHINS", "PROTECT FLORIDA WHALES", "AQUACULTURE", AND "SAVE OUR SEAS" LICENSE PLATES ALONG WITH THE CALCULATED ANNUAL SPENDABLE FUNDING GENERATED FROM INVESTMENTS SUPPORT VETTED FINITE GRANTS SUBJECT TO SPECIFIED TERMS. SAID GRANT HELPED FUND THE ADDITION OF CERTAIN NEW FACULTY, PROVIDED FACULTY INCENTIVES, AND PROVIDED SALARY SUPPORT, RESEARCH PROJECTS, FELLOWSHIPS, AND CERTAIN OPERATIONAL SUPPORT AT THE HARBOR BRANCH OCEANOGRAPHIC INSTITUTE AT FAU.

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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 $2,899,931

Program Service Revenue $0

Investment Income $2,663,385

Other Revenue $68,458

TOTAL REVENUE $5,631,774

Expense Breakdown

Grants Paid $5,630,041

Salaries & Benefits $186,441

Fundraising Expenses $18,349

Program Expenses $6,181,106

Other Expenses $1,414,668

TOTAL EXPENSES $7,231,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,631,774	$3,708,847	+0.5%
Expenses	$7,231,150	$7,022,912	+0.0%
Net Income	$-1,599,376	$-3,314,065	-0.5%

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

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
MICHAEL O'REILLY	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
MICHAEL TONER	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
MARJORIE D RAINES	TREASURER	1.0	Officer Director	$0	$0	$0
WILL J STEWART ESQ	SECRETARY/EX OFFICIO	1.0	Officer Director	$0	$0	$0
MICHAEL BROWN SR	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSEPH Z DUKE III	BOARD MEMBER, EX-OFFICIO	1.0	Director	$0	$0	$0
JOSEPH FERRO MD	BOARD MEMBER	1.0	Director	$0	$0	$0
GEORGE FRAZZA	BOARD MEMBER (THRU 4/24)	1.0	Director	$0	$0	$0
JOHN A PAPA	BOARD MEMBER	1.0	Director	$0	$0	$0
JAMES L SEITZ	BOARD MEMBER	1.0	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	No data	No data	No data	No data
2024	$5,631,774	$7,231,150	$116,646,374	$-1,599,376
2023	$3,708,847	$7,022,912	$100,207,340	$-3,314,065
2022	$7,288,557	$6,063,145	$89,656,827	$1,225,412
2021	$9,522,450	$5,276,491	$102,821,969	$4,245,959
2020	$4,552,244	$5,395,676	$81,642,529	$-843,432
2019	$10,079,489	$4,625,243	$82,163,702	$5,454,246

Harbor Branch Oceanographic Institute Foundation Inc