ELBOW REEF FOUNDATION INC CO CHAMB… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

LAURA GALLAGHER

Phone

8594310700

Tax Period

2025-01-01 to 2025-12-31

ELBOW REEF FOUNDATION INC CO CHAMBERLIN OWEN & CO INC, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $116K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $55K, a strong 47% operating margin.

Mission

TO PRESERVE AND PROMOTE THE CULTURAL HERITAGE AND COMMUNITY SPACES OF ELBOW CAY, ABACO, BAHAMAS FOR THE BENEFIT OF RESIDENTS, THE NATION OF THE BAHAMS AND THE VISITING PUBLIC. OUR PRIMARY AREA OF FOCUS HAS BEEN TO SUPPORT THE ELBOW REEF LIGHTHOUSE SOCIETY IN ITS EFFORTS TO RESTORE AND MAINTAIN THE HISTORIC ELBOW REEF LIGHTHOUSE.

Program Service Accomplishments

Program 1

Expenses: $50,832 Revenue: $0

SUPPORT OF THE ELBOW REEF LIGHTHOUSE SOCIETY

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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 (2025)

Revenue Breakdown

Contributions & Grants $85,205

Program Service Revenue $0

Investment Income $0

Other Revenue $30,917

TOTAL REVENUE $116,122

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $138

Program Expenses $50,832

Other Expenses $11,310

TOTAL EXPENSES $61,310

Year-over-Year Comparison

	2025	2024	Change
Revenue	$116,122	$104,819	+0.1%
Expenses	$61,310	$110,987	-0.4%
Net Income	$54,812	$-6,168	-9.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA GALLAGHER	PRESIDENT	N/A	Officer Director	$0	$0	$0
HEATHER FORDE-PROSA	SECRETARY	N/A	Officer Director	$0	$0	$0
JAMES W TIVY	TREASURER	N/A	Officer Director	$0	$0	$0
MARI CHAMBERS	BOARD MEMBER	N/A	Director	$0	$0	$0
LETITIA McKIBBON	BOARD MEMBER	N/A	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
2025	$116,122	$61,310	$126,099	$54,812
2024	$104,819	$110,987	$71,287	$-6,168
2023	$203,737	$240,339	$77,455	$-36,602
2022	$501,003	$433,442	$114,057	$67,561

ELBOW REEF FOUNDATION INC CO CHAMBERLIN OWEN & CO INC