Plant a Million Corals Foundation Inc

EIN: 832506181 501(c)(3) Environment

Summerland Key, FL

Total Revenue
$448,552
Total Expenses
$683,476
Total Assets
$460,443
Net Assets
$450,646
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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
2018
Legal Domicile
FL
Principal Officer
Donna M Vaughan
Phone
7722160359
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

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.

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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 $442,424
Program Service Revenue $1,751
Investment Income $4,377
Other Revenue $0
TOTAL REVENUE $448,552

Expense Breakdown

Grants Paid $0
Salaries & Benefits $413,853
Fundraising Expenses $0
Program Expenses $624,934
Other Expenses $269,623
TOTAL EXPENSES $683,476

Year-over-Year Comparison

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%
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
5
Independent Members
3
Employees
7
Volunteers
8

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
3
$234,576
Total Directors
4
$50,000
Key Employees
4
$174,487
Highest Compensated
1
reported
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
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 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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