MEXICO BEACH ARTIFICIAL REEF ASSOCIATION INC (EIN 593447258) - 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

1997

Legal Domicile

Principal Officer

Kimberly Higdon

Phone

6154794763

Tax Period

2025-01-01 to 2025-12-31

MEXICO BEACH ARTIFICIAL REEF ASSOCIATION INC, founded in 1997, is a small nonprofit in the Environment sector that reported $213K in total revenue in fiscal year 2025. The organization ran a surplus of $83K, a strong 39% operating margin.

Mission

Build artificial reefs in the Gulf of America off the coast of Mexico Beach, FL. Provide research on artificial reefs and marine biomass. Educate the public on the benefits of artificial reefs to marine life environment and the local economy. Help the local area recover from disasters.

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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 (2025)

Revenue Breakdown

Contributions & Grants $115,141

Program Service Revenue $0

Investment Income $17,444

Other Revenue $80,730

TOTAL REVENUE $213,315

Expense Breakdown

Grants Paid $2,260

Salaries & Benefits $0

Fundraising Expenses $966

Program Expenses $125,933

Other Expenses $128,312

TOTAL EXPENSES $130,572

Year-over-Year Comparison

	2025	2024	Change
Revenue	$213,315	$199,835	+0.1%
Expenses	$130,572	$130,602	0.0%
Net Income	$82,743	$69,233	+0.2%

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

N/A

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 Cox	President and Board Member	20	Officer Director	$0	$0	$0
Brian Higdon	Vice President and Board Member	20	Officer Director	$0	$0	$0
Carol Cox	Secretary and Board Member	10	Officer Director	$0	$0	$0
Kimberly Higdon	Treasurer and Board Member	20	Officer Director	$0	$0	$0
Mitch Coleman	Tournament Director	20	Director	$0	$0	$0
Kathy Hayman	Membership Director	10	Director	$0	$0	$0
Leigh Russell	Online Marketing Director	15	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	$213,315	$130,572	$740,189	$82,743
2024	$199,835	$130,602	$632,350	$69,233
2023	$130,966	$118,251	$532,875	$12,715
2022	$240,807	$159,456	$517,438	$81,351
2021	$83,617	$161,041	$420,039	$-77,424
2020	$196,176	$250,785	$442,136	$-54,609
2019	$368,683	$308,804	$496,745	$59,879
2018	$177,451	$142,994	$436,866	$34,457

MEXICO BEACH ARTIFICIAL REEF ASSOCIATION INC