Oceanview Resident Assistance Fund Inc (EIN 040305393) - 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

2000

Legal Domicile

Phone

2077817018

Tax Period

2023-01-01 to 2023-12-31

Oceanview Resident Assistance Fund Inc, founded in 2000, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $65K in total revenue in fiscal year 2023. The organization ran a surplus of $53K, a strong 81% operating margin.

Mission

To provide financial assistance to residents of OceanView retirement community in Falmouth, ME, who are unable to pay some or all of the charges for housing and healthcare provided at such facility.

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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 $2,291

Program Service Revenue $34,071

Investment Income $28,392

Other Revenue $0

TOTAL REVENUE $64,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $12,178

TOTAL EXPENSES $12,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,754	$67,673	0.0%
Expenses	$12,178	$30,848	-0.6%
Net Income	$52,576	$36,825	+0.4%

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

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	Role	Reportable Comp	Other Comp	Total
Bruce Hopkins	Secretary	Officer Director	$0	$0	$0
Paul Buckley Jr	Director	Director	$0	$0	$0
Alexandra McElwaine	Director	Director	$0	$0	$0
Frederick Winne Jr	Treasurer	Director	$0	$0	$0
David Scarlett	President	Officer Director	$0	$0	$0
Judy Parkhill	Director	Officer Director	$0	$0	$0
Priscilla Platt	Vice President	Officer Director	$0	$0	$0
Robert Knott	Director	Director	$0	$0	$0
Maggie Philbrick	Director	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
2023	$64,754	$12,178	$1,587,091	$52,576
2022	$67,673	$30,848	$1,355,930	$36,825
2021	$88,546	$24,592	$1,581,712	$63,954
2020	$57,747	$21,970	$1,414,405	$35,777
2018	$86,376	$19,524	$939,230	$66,852

Oceanview Resident Assistance Fund Inc