REEF BALL FOUNDATION INC (EIN 650785751) - 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

1993

Legal Domicile

Principal Officer

KATHERINE KIRBO

Phone

7067144399

Tax Period

2023-10-01 to 2024-09-30

REEF BALL FOUNDATION INC, founded in 1993, is a small nonprofit in the Animal-Related sector that reported $447K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum.

Mission

TO REHABILITATE OUR WORLD'S OCEANREEF ECOSYSTEMS AND TO PROTECT OUR NATURAL REEF SYSTEMS USING REEF BALL ARTIFICIAL REEF TECHNOLOGIES. REEF BALLS ARE ARTIFICIAL REEF MODULES PLACED IN THE OCEAN TO FORM REEF HABITAT.

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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 $46,921

Program Service Revenue $400,196

Investment Income $0

Other Revenue $0

TOTAL REVENUE $447,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,771

Fundraising Expenses $26,843

Program Expenses $365,091

Other Expenses $217,519

TOTAL EXPENSES $467,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,117	$264,305	+0.7%
Expenses	$467,290	$356,915	+0.3%
Net Income	$-20,173	$-92,610	-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

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

$233,978

Total Directors

$233,978

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD BARBER	BOARD CHAIRMAN - SEE SCHED	40.00	Officer Director	$123,387	$27,532	$150,919
LARRY BEGGS	VICE PRESIDENT	30.00	Officer Director	$0	$0	$0
KATHERINE KIRBO	EXECUTIVE DIRECTOR	40.00	Officer Director	$83,059	$0	$83,059
JERRY BARBER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KRASLE	DIRECTOR	3.00	Director	$0	$0	$0
J WADE	DIRECTOR	1.00	Director	$0	$0	$0
JIM STRACK	DIRECTOR	1.00	Director	$0	$0	$0
DON BRAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA PARDEE	DIRECTOR	1.00	Director	$0	$0	$0
JAVIER DAJER	DIRECTOR	2.00	Director	$0	$0	$0
DOUG HOLLINGSWORTH	DIRECTOR	6.00	Director	$0	$0	$0
LORNA SLADE	DIRECTOR	2.00	Director	$0	$0	$0
DR CATHERINE JADOT	DIRECTOR	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	$447,117	$467,290	$214,504	$-20,173
2023	$264,305	$356,915	$236,365	$-92,610
2022	$358,395	$446,915	$324,472	$-88,520
2021	$722,566	$548,880	$413,039	$173,686
2020	$744,118	$519,197	$241,410	$224,921
2019	$226,826	$243,189	$26,181	$-16,363

REEF BALL FOUNDATION INC