Summerland Key, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Plant a Million Corals Foundation Inc, founded in 2018, is a small nonprofit in the Environment sector that reported $449K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $683K exceeded revenue, resulting in a 52% operating deficit.
To turn the tide of our oceans by saving our coral reefs through restoration, techology, demonstration, training education and outreach and to provide a platform for supporters to carry out our mission.
Lookout Foundation:Total Grant received for project so far is $150,000 in 2021 $100,00 and $50,000 in 2022. There were no revenues generated from the project in 2022. Continued with the development...
Lookout Foundation:Total Grant received for project so far is $150,000 in 2021 $100,00 and $50,000 in 2022. There were no revenues generated from the project in 2022. Continued with the development of a land based nursery on Summerland Key, FL. The primary purpose of the nursery will be to demostrate the ability to produce corals for out planting in a large scale system. Currently there are no large scale systems being used for demonstration that will the larger production of coral is needed if we are going to save our reefs. The infrastructure has been started with the entire system has been built totally off grid with pumps and the entire system being run on solar power. The system has been designed so that there is no need for water from the city. This will chane as we grow. some public education has been developed and some sshools have visited both in person and virtually. Volunteer educators have been identified to help with developing and education plan. Coarls have been place in the system so they can grow large enough for micro-gragmentation. We have met with the donors and look forward to continued support.
Community Foundation of the Florida Keys. To purchase generators for support to solar system at the farm.
Schmidt 2022-2024. The total grant is $300,000 in 2022 $150,000 has been recieved and the remaining $150,000 will be received in 2023. The only revenue generated was $7,200 in workshop tuition. The...
Schmidt 2022-2024. The total grant is $300,000 in 2022 $150,000 has been recieved and the remaining $150,000 will be received in 2023. The only revenue generated was $7,200 in workshop tuition. The acrylic tankdesign was coninually improved on in 2022. The design facilitates the capture of water bubbles so the coral in the tank are easily viewed without the disturbance of the surface. A training program was held at the Boy Scout camp. There were 6 paying students along with another 6 scholarship students. The once a week training with the High Adventure Boy Scout Camp located on Summerland Key reaching nearly 250 STEM students. The continued evelopment of our scale production farm was supported as well by the Schmidt grant.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $448,552 | $702,370 | -0.4% |
| Expenses | $683,476 | $505,435 | +0.4% |
| Net Income | $-234,924 | $196,935 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| David E Vaughan | President & CEO | 50.00 |
Officer
Highest
|
$157,408 | $0 | $157,408 |
| Donna Vaughan | Vice President | 30.00 |
Officer
|
$27,168 | $0 | $27,168 |
| Dee D Vaughan-Smause | Secretary | 40.00 |
Officer
Director
Key Emp
|
$50,000 | $0 | $50,000 |
| Jason Smause | Key Employee | 40.00 |
Key Emp
|
$54,344 | $0 | $54,344 |
| Chloe Spring | Key Employee | 40.00 |
Key Emp
|
$48,171 | $0 | $48,171 |
| Logan Marion | Key Employee | 40.00 |
Key Emp
|
$21,972 | $0 | $21,972 |
| Shirley Pomponi | Director | 6.00 |
Director
|
$0 | $0 | $0 |
| Bill Robertson | Director | 6.00 |
Director
|
$0 | $0 | $0 |
| Mark Herschberg | Director | 6.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $448,552 | $683,476 | $460,443 | $-234,924 |
| 2022 | $702,370 | $505,435 | $687,014 | $196,935 |
| 2021 | $649,362 | $587,938 | $496,448 | $61,424 |
| 2020 | $501,230 | $90,692 | $429,859 | $410,538 |
| 2020 | $501,230 | $90,692 | $429,859 | $410,538 |
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