CITY ISLAND OYSTER REEF INC (EIN 843304186) - 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

2019

Legal Domicile

Principal Officer

BARBARA ZAHM

Tax Period

2023-01-01 to 2023-12-31

CITY ISLAND OYSTER REEF INC, founded in 2019, is a small nonprofit in the Environment sector that reported $527K in total revenue in fiscal year 2023. Revenue surged 568% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 57% operating margin.

Mission

CIORs mission is to restore the western Long Island Sound ecosystem in order to improve biodiversity, water quality, and coastal resilience by creating reefs of shells to encourage the population growth of the historically abundant oyster and other marine species around City Island. CIOR is building community awareness, promoting active stewardship, developing educational programs, collecting and sharing scientific data, promoting and supporting research, and collaborating with like-minded organizations to achieve this 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $527,157

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $527,157

Expense Breakdown

Grants Paid $10,005

Salaries & Benefits $60,953

Fundraising Expenses $6,212

Program Expenses $217,194

Other Expenses $155,623

TOTAL EXPENSES $226,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,157	$78,962	+5.7%
Expenses	$226,581	$104,974	+1.2%
Net Income	$300,576	$-26,012	-12.6%

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

N/A

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
MARIA CARUSO	BOARD MEMBER	005.00	Director	$0	$0	$0
HAILEY CLANCY PHD	BOARD MEMBER	010.00	Director	$0	$0	$0
ANN HENDERSON PHD	BOARD MEMBER	005.00	Director	$0	$0	$0
SALLY PAGE CONNOLLY	CHAIR	030.00	Officer	$0	$0	$0
MIKE CAREW	VICE CHAIR	015.00	Officer	$0	$0	$0
BARBARA ZAHM PHD	TREASURER	015.00	Officer	$0	$0	$0
BARBARA BURN DOLENSEK	SECRETARY	010.00	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
2024	No data	No data	No data	No data
2023	$527,157	$226,581	$321,783	$300,576

CITY ISLAND OYSTER REEF INC