OCEAN PARK ASSOCIATION (EIN 010223014) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1881

Legal Domicile

Principal Officer

CYNTHIA BENEDICT

Phone

2079349068

Tax Period

2023-01-01 to 2023-12-31

OCEAN PARK ASSOCIATION, founded in 1881, is a small nonprofit in the Community Improvement sector that reported $706K in total revenue in fiscal year 2018. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $177K, a strong 25% operating margin.

Mission

TO CONDUCT A SUMMER ASSEMBLY IN THE CHAUTAUQUA TRADITION. THE PURPOSE OF THE OCEAN PARK ASSOCIATION IS TO AFFIRM THE TRADITIONS AND SPIRITUAL HERITAGE OF WHICH WE ARE HEIRS, THROUGH A SUMMER ASSEMBLY PROGRAM WHERE CHRISTIAN WORSHIP, PRINCIPLES AND IDEALS ARE AT THE FOCUS; WHERE DIVERSITY IS CELEBRATED AND DIGNITY OF ALL IS EMBRACED AND RESPECTED; WHERE THE NATURAL BEAUTY OF OUR SEASIDE RESORT IS CONSERVED AND ENHANCED; AND WHERE PROGRAMS CENTERED ON RELIGION, EDUCATION, RECREATION AND CULTURE PROVIDE OPPORTUNITIES FOR INDIVIDUAL GROWTH AND FAMILY ENRICHMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $378,397

Program Service Revenue $100,143

Investment Income $198,457

Other Revenue $94,179

TOTAL REVENUE $771,176

Expense Breakdown

Grants Paid $0

Salaries & Benefits $314,817

Fundraising Expenses $42,770

Program Expenses $353,989

Other Expenses $321,337

TOTAL EXPENSES $636,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$771,176	$693,119	+0.1%
Expenses	$636,154	$701,537	-0.1%
Net Income	$135,022	$-8,418	-17.0%

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

300

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

$72,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI GRAMLICH	EXECUTIVE DI	40.00	Officer	$72,692	$0	$72,692
LEVON AKOGHIANIAN	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA BENEDICT	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN COLLARD	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER FOUNTAIN	DIRECTOR AT	1.00	Director	$0	$0	$0
TERRENCE GALLAGHER	TREASURER	2.00	Officer Director	$0	$0	$0
STUART GOLDSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
PAT HAGER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HALEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JACKSON	DIRECTOR AT	1.00	Director	$0	$0	$0
RICHARD KOEHLER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LAURITANO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PAM SAVAGE	DIRECTOR AT	1.00	Director	$0	$0	$0
STEPHEN SOUSA	DIRECTOR	1.00	Director	$0	$0	$0
MARTINE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
KATHY WADE	SECRETARY	2.00	Officer Director	$0	$0	$0
STUART MACMILLAN	INTERIM ED	1.00	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	$771,176	$636,154	$3,550,766	$135,022
2022	$693,119	$701,537	$3,350,185	$-8,418
2021	$686,431	$571,523	$3,793,180	$114,908
2021	$636,431	$571,523	$3,743,180	$64,908
2020	$488,071	$508,420	$3,503,974	$-20,349
2019	$638,042	$542,573	$3,409,066	$95,469
2018	$706,130	$529,495	$3,198,856	$176,635

OCEAN PARK ASSOCIATION