REEF CHECK FOUNDATION

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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

2004

Legal Domicile

Phone

3103054622

Tax Period

2023-01-01 to 2023-12-31

REEF CHECK FOUNDATION, founded in 2004, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

Leading Citizen scientists to promote stewardship of sustainable reef communities worldwide.

Program Service Accomplishments

Program 1

Expenses: $1,271,314 Revenue: $293,208

Reef Check Foundation performs three vital tasks necessary to promote stewardship of sustainable reef communities worldwide: 1) We train and organize teams of local volunteer citizen scientist...

Reef Check Foundation performs three vital tasks necessary to promote stewardship of sustainable reef communities worldwide: 1) We train and organize teams of local volunteer citizen scientist divers. They collect data on reef health and assess climate change impacts on their reefs. Their work produces reliable information used by marine resource managers, scientists, and policymakers to make science-based ocean management and conservation decisions. 2) We promote public education about reefs and the ocean. Our immersive education programs train participants to understand the threats marine ecosystems face and provide them with the tools to become ocean stewards. 3) We develop ecologically sound and economically sustainable solutions for reef conservation and restoration.

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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 $700,575

Program Service Revenue $428,602

Investment Income $15,911

Other Revenue $273,108

TOTAL REVENUE $1,418,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $985,906

Fundraising Expenses $93,106

Program Expenses $1,271,314

Other Expenses $654,228

TOTAL EXPENSES $1,640,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,418,196	$1,693,971	-0.2%
Expenses	$1,640,134	$1,829,768	-0.1%
Net Income	$-221,938	$-135,797	+0.6%

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

379

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
JAN FREIWALD	EXECUTIVE DIRECTOR	40.00		$125,704	$3,771	$129,475
ROBERT MCCLATCHY	CO-CHAIR	5.00	Director	$0	$0	$0
Robert Kugel	Treasurer	5.00	Director	$0	$0	$0
CHRIS GLAESER	Director	5.00	Director	$0	$0	$0
JULIE RUBASH	Secretary	5.00	Officer Director	$0	$0	$0
SUE CHEN	Director	5.00	Director	$0	$0	$0
EVAN BIRENBAUM	Director	5.00	Director	$0	$0	$0
MATTHEW BULLOCK	Director	5.00	Director	$0	$0	$0
SCOTT GIETLER	Director	5.00	Director	$0	$0	$0
MARK D MARTIN	Director	5.00	Director	$0	$0	$0
BLAKE CORNWELL	Director	5.00	Director	$0	$0	$0
CYNTHIA ISSEL	Director	5.00	Director	$0	$0	$0
WILLIAM MCILVENE	Director	5.00	Director	$0	$0	$0
SARI KERN	Director	5.00	Director	$0	$0	$0
ART LEVITT	Director	5.00	Director	$0	$0	$0
LINDEN WOLBERT	CO-CHAIR	5.00	Officer 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	$1,418,196	$1,640,134	$297,978	$-221,938
2022	$1,693,971	$1,829,768	$527,839	$-135,797
2021	$1,315,658	$1,284,740	$731,099	$30,918
2020	$1,128,228	$1,019,243	$667,437	$108,985
2019	$980,314	$954,370	$304,038	$25,944
2018	$1,001,339	$1,014,188	$291,254	$-12,849