OCEAN TIDES INC (EIN 050366306) - 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

1975

Legal Domicile

Principal Officer

BRIAN SULLIVAN

Phone

4017891016

Tax Period

2024-07-01 to 2025-06-30

OCEAN TIDES INC, founded in 1975, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO TREAT, REHABILITATE, AND EDUCATE PREDELINQUENT YOUTHS AND NEGLECTED CHILDREN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $70,000

Program Service Revenue $6,636,192

Investment Income $66,115

Other Revenue $0

TOTAL REVENUE $6,772,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,337,599

Fundraising Expenses $0

Program Expenses $5,971,115

Other Expenses $1,422,374

TOTAL EXPENSES $6,759,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,772,307	$5,593,078	+0.2%
Expenses	$6,759,973	$6,248,294	+0.1%
Net Income	$12,334	$-655,216	-1.0%

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

109

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

$300,875

Total Directors

$173,851

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL KELLY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JUDY VAN WYK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM WOLFF	TREASURER	1.00	Officer Director	$0	$0	$0
BR JOHN MCGANN FSC	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN SULLIVAN	PRESIDENT	40.00	Officer Director	$126,552	$47,299	$173,851
GREG BERTLES	PAST CHAIRMA	1.00	Director	$0	$0	$0
WILLIAM GALLOGLY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH CAVANAGH III	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS DIPRETE	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH ZORABEDIAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WINTER	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER FERRO	TRUSTEE	1.00	Director	$0	$0	$0
JAMES SWALLOW	TRUSTEE	1.00	Director	$0	$0	$0
DAVID WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND KARASEK III	TRUSTEE	1.00	Director	$0	$0	$0
JAMES LOGAN	TRUSTEE	1.00	Director	$0	$0	$0
BETH BIXBY	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH IOVINO	DIR. OF FINA	40.00	Officer	$100,333	$26,691	$127,024
ARMAND MONACO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH PHILBIN	TRUSTEE	1.00	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	$6,772,307	$6,759,973	$6,128,266	$12,334
2024	$5,593,078	$6,248,294	$5,234,019	$-655,216
2023	$6,534,480	$5,958,630	$6,314,301	$575,850
2022	$5,175,422	$5,731,403	$4,134,714	$-555,981
2021	$5,051,280	$5,248,251	$4,820,342	$-196,971
2020	$5,234,781	$5,507,719	$4,738,664	$-272,938

OCEAN TIDES INC