Oceanview Manor Inc (EIN 010317602) - 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

1981

Legal Domicile

Principal Officer

Kevin Porter

Phone

2079342157

Tax Period

2023-01-01 to 2023-12-31

Oceanview Manor Inc, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $550K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $493K left a modest 10% surplus.

Mission

Provides management and support for low income housing.

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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 $1,888

Program Service Revenue $513,713

Investment Income $34,586

Other Revenue $0

TOTAL REVENUE $550,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $427,519

Fundraising Expenses $0

Program Expenses $361,557

Other Expenses $65,051

TOTAL EXPENSES $492,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,187	$372,354	+0.5%
Expenses	$492,570	$449,092	+0.1%
Net Income	$57,617	$-76,738	-1.8%

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

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

$103,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Porter	President	1.00	Officer Director	$0	$0	$0
Barry Jackman	Vice President	1.00	Officer Director	$0	$0	$0
Winthrop Winch	Treasurer	1.00	Officer Director	$0	$0	$0
Cathy Larkin	Secretary	1.00	Officer Director	$0	$0	$0
Dennis Carigan	Director	1.00	Director	$0	$0	$0
Eric Grey	Director	1.00	Director	$0	$0	$0
Martine Taylor	Director	1.00	Director	$0	$0	$0
Louise Reid	Director	1.00	Director	$0	$0	$0
George Bruns	Past Director	1.00	Director	$0	$0	$0
Stuart Goldstein	Past Director	1.00	Director	$0	$0	$0
Lori Gramlich	Past Director	1.00	Director	$0	$0	$0
Elisabeth Herold	Executive Director	20.00	Officer	$96,006	$7,857	$103,863

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	$550,187	$492,570	$2,373,411	$57,617
2022	$372,354	$449,092	$2,184,403	$-76,738
2021	$329,343	$357,018	$2,392,551	$-27,675
2020	$324,412	$384,673	$2,136,516	$-60,261
2019	$211,307	$164,874	$2,029,337	$46,433
2018	$813,751	$190,619	$1,961,722	$623,132

Oceanview Manor Inc