THE ACADEMY AT OCEAN REEF INC

EIN: 650146241 501(c)(3)

KEY LARGO, FL

Total Revenue
$3,273,354
Total Expenses
$3,312,997
Total Assets
$3,026,787
Net Assets
$2,672,788
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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
1989
Principal Officer
RUSSELL POST
Phone
3053672409
Tax Period
2024-08-01 to 2025-07-31

THE ACADEMY AT OCEAN REEF INC, founded in 1989, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EDUCATION FOR CHILDREN FROM PRESCHOOL THROUGH SECONDARY LEVEL.

Program Service Accomplishments

Program 1
Expenses: $2,932,144

THE ACADEMY AT OCEAN REEF IS A NON-PROFIT INDEPENDENT SCHOOL THAT SERVES FULL TIME AND SEASONAL CHILDREN OF MEMBERS AND EMPLOYEES AT THE OCEAN REEF CLUB IN GRADES PRESCHOOL THROUGH EIGHTH GRADE. THE...

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THE ACADEMY AT OCEAN REEF IS A NON-PROFIT INDEPENDENT SCHOOL THAT SERVES FULL TIME AND SEASONAL CHILDREN OF MEMBERS AND EMPLOYEES AT THE OCEAN REEF CLUB IN GRADES PRESCHOOL THROUGH EIGHTH GRADE. THE SCHOOL IS ACCREDITED BY THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS AND THE FLORIDA KINDERGARTEN COUNCIL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $831,871
Program Service Revenue $1,747,859
Investment Income $38
Other Revenue $693,586
TOTAL REVENUE $3,273,354

Expense Breakdown

Grants Paid $396,239
Salaries & Benefits $2,055,479
Fundraising Expenses $0
Program Expenses $2,932,144
Other Expenses $861,279
TOTAL EXPENSES $3,312,997

Year-over-Year Comparison

2024 2023 Change
Revenue $3,273,354 $2,882,804 +0.1%
Expenses $3,312,997 $3,104,480 +0.1%
Net Income $-39,643 $-221,676 -0.8%
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

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Governance

Voting Members
18
Independent Members
18
Employees
25
Volunteers
N/A

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
1
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE LEAKE PTO PRESIDEN N/A
Director
$0 $0 $0
MOLLY CARROLL ORC REPRESEN N/A
Director
$0 $0 $0
LISA BAILEY CASSIDY TRUSTEE N/A
Director
$0 $0 $0
BRAD COPELAND TRUSTEE N/A
Director
$0 $0 $0
CASEY EVERHART TRUSTEE N/A
Director
$0 $0 $0
KELLY FORD TRUSTEE N/A
Director
$0 $0 $0
KAT FRITTER TRUSTEE N/A
Director
$0 $0 $0
JOHN GRUNOW III TRUSTEE N/A
Director
$0 $0 $0
LARRY GUIDO SECRETARY N/A
Director
$0 $0 $0
JANE HAGER TRUSTEE N/A
Director
$0 $0 $0
JIM HASSETT TREASURER N/A
Director
$0 $0 $0
SCOTT LAIRD TRUSTEE N/A
Director
$0 $0 $0
JEROME MURPHY HEAD OF SCHO N/A
Officer
$0 $0 $0
RUSSELL POST PRESIDENT N/A
Director
$0 $0 $0
PAT ROBERTS TRUSTEE N/A
Director
$0 $0 $0
ROSALYN SMITH TRUSTEE N/A
Director
$0 $0 $0
JODY STEELE TRUSTEE N/A
Director
$0 $0 $0
PATRICIA WOODMAN TRUSTEE 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
2025 $3,273,354 $3,312,997 $3,026,787 $-39,643
2024 $2,882,804 $3,104,480 $3,123,151 $-221,676
2023 $2,354,401 $2,817,390 $3,261,177 $-462,989
2022 $2,663,538 $2,655,884 $3,861,432 $7,654
2021 $2,461,632 $2,297,609 $4,003,342 $164,023
2020 $1,499,356 $1,845,211 $3,991,405 $-345,855
2019 $1,546,792 $1,809,455 $4,104,041 $-262,663
2018 $1,457,470 $1,537,369 $4,346,969 $-79,899
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