OCEAN REEF CHAPEL FOUNDATION INC (EIN 650486471) - 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

1994

Legal Domicile

Principal Officer

KARIN TEGLIA

Phone

3053672049

Tax Period

2023-07-01 to 2024-06-30

OCEAN REEF CHAPEL FOUNDATION INC, founded in 1994, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 61% operating margin.

Mission

PROVIDE SUPPORT TO THE OCEAN REEF CHAPEL, INC.

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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 $2,199,417

Program Service Revenue $0

Investment Income $214,213

Other Revenue $0

TOTAL REVENUE $2,413,630

Expense Breakdown

Grants Paid $829,334

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $829,334

Other Expenses $107,190

TOTAL EXPENSES $936,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,413,630	$1,436,407	+0.7%
Expenses	$936,524	$2,292,457	-0.6%
Net Income	$1,477,106	$-856,050	-2.7%

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
BILL RICE	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
CHRIS STREIT	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL CARDONE	CHARIMAN	5.00	Officer Director	$0	$0	$0
GEORGE BLAHA	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL WEISS	DIRECTOR	3.00	Director	$0	$0	$0
KARIN TEGLIA	TREASURER	3.00	Officer Director	$0	$0	$0
PACK ST CLAIR	DIRECTOR	3.00	Director	$0	$0	$0
CHUCK HARTZ	EX-OFFICIO	3.00	Director	$0	$0	$0
SUSAN HIRSCHBIEL	DIRECTOR	3.00	Director	$0	$0	$0
DAN ATTRIDGE	DIRECTOR	3.00	Director	$0	$0	$0
RUDY SCHUPP	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	$2,413,630	$936,524	$7,757,391	$1,477,106
2023	$1,436,407	$2,292,457	$6,147,574	$-856,050
2022	$2,695,161	$7,497,723	$6,973,021	$-4,802,562
2021	$8,861,720	$5,685,827	$12,812,023	$3,175,893
2020	$5,467,700	$1,131,311	$9,863,142	$4,336,389
2019	$949,444	$263,546	$1,450,034	$685,898

OCEAN REEF CHAPEL FOUNDATION INC