THE ACADEMY AT OCEAN REEF INC

EIN: 650146241 501(c)(3)

KEY LARGO, FL

Total Revenue
$2,882,804
Total Expenses
$3,104,480
Total Assets
$3,123,151
Net Assets
$2,713,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Principal Officer
RUSSELL POST
Phone
3053672409
Tax Period
2023-08-01 to 2024-07-31

THE ACADEMY AT OCEAN REEF INC, founded in 1989, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE EDUCATION FOR CHILDREN FROM PRESCHOOL THROUGH SECONDARY LEVEL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $798,624
Program Service Revenue $1,415,529
Investment Income $489
Other Revenue $668,162
TOTAL REVENUE $2,882,804

Expense Breakdown

Grants Paid $299,601
Salaries & Benefits $1,938,184
Fundraising Expenses $0
Program Expenses $2,714,115
Other Expenses $866,695
TOTAL EXPENSES $3,104,480

Year-over-Year Comparison

2023 2022 Change
Revenue $2,882,804 $2,354,401 +0.2%
Expenses $3,104,480 $2,817,390 +0.1%
Net Income $-221,676 $-462,989 -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

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Governance

Voting Members
20
Independent Members
20
Employees
27
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
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOLLY CARROLL ORC REPRESEN 1.00
Director
$0 $0 $0
BRAD COPELAND TRUSTEE 1.00
Director
$0 $0 $0
KAT FRITTER TRUSTEE 1.00
Director
$0 $0 $0
LARRY GUIDO SECRETARY 1.00
Director
$0 $0 $0
RICK HANEY TRUSTEE 1.00
Director
$0 $0 $0
JIM HASSETT TREASURER 1.00
Director
$0 $0 $0
DAN LEBEN TRUSTEE 1.00
Director
$0 $0 $0
JEROME MURPHY HEAD OF SCHO 40.00
Officer
$0 $0 $0
RUSSELL POST PRESIDENT/SE 1.00
Director
$0 $0 $0
JODY STEELE TRUSTEE 1.00
Director
$0 $0 $0
LISA BAILEY CASSIDY TRUSTEE 1.00
Director
$0 $0 $0
CASEY EVERHART TRUSTEE 1.00
Director
$0 $0 $0
DARRELL HELMS TRUSTEE 1.00
Director
$0 $0 $0
PAT ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
ALEXIS ROGERS TRUSTEE 1.00
Director
$0 $0 $0
JANE HAGER TRUSTEE 1.00
Director
$0 $0 $0
TRICIA WOODMAN TRUSTEE 1.00
Director
$0 $0 $0
JOHN GRUNOW III TRUSTEE 1.00
Director
$0 $0 $0
ALYSON CALDWELL PTO PRESIDEN 1.00
Director
$0 $0 $0
SCOTT LAIRD TRUSTEE 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 $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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