Veteran's Memorial Reef

EIN: 841934928 501(c)(3) Unknown

Wilmington, NC

Total Revenue
$65,055
Total Expenses
$80,516
Total Assets
$11,133
Net Assets
$3,680
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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
2012
Legal Domicile
NC
Principal Officer
Thomas Marcinowski
Phone
9105479277
Tax Period
2024-07-01 to 2025-06-30

Veteran's Memorial Reef, founded in 2012, is a micro nonprofit in the Unknown sector that reported $65K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $81K exceeded revenue, resulting in a 24% operating deficit.

Mission

Our mission is to honor those who have served in the US Armed Force by honoring their service through emphasizing military history and new technologies preserving and rehabilitating our marine ecosystem.

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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 (2024)

Revenue Breakdown

Contributions & Grants $66,501
Program Service Revenue $0
Investment Income $0
Other Revenue $-1,446
TOTAL REVENUE $65,055

Expense Breakdown

Grants Paid $2,350
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,996
Other Expenses $78,166
TOTAL EXPENSES $80,516

Year-over-Year Comparison

2024 2023 Change
Revenue $65,055 $57,494 +0.1%
Expenses $80,516 $46,043 +0.7%
Net Income $-15,461 $11,451 -2.4%
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
3
Independent Members
3
Employees
N/A
Volunteers
25

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Marcinowski CEO 30.00
Officer
$0 $0 $0
Joe Irrera Board Member 10.00
Officer
$0 $0 $0
Cristopher DeHart Board Member 10.00
Officer
$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 $65,055 $80,516 $11,133 $-15,461
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