Ocean Health Initiatives Inc

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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

2003

Legal Domicile

Principal Officer

Theresa Berger

Phone

7323636655

Tax Period

2024-01-01 to 2024-12-31

Ocean Health Initiatives Inc, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $30.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $26.1M left a modest 14% surplus.

Mission

OHI IS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) BASED IN OCEAN COUNTY, NEW JERSEY. (SEE SCHEDULE O FOR DETAILS)

Program Service Accomplishments

Program 1

Expenses: $21,730,710 Revenue: $20,889,428

OHI PROVIDES HIGH QUALITY, ACCESSIBLE AND AFFORDABLE FAMILY HEALTHCARE TO RESIDENTS IN OCEAN COUNTY REGARDLESS OF INSURANCE AT OUR FIVE HEALTH CENTER LOCATIONS IN LAKEWOOD, LITTLE EGG HARBOR, TOMS...

OHI PROVIDES HIGH QUALITY, ACCESSIBLE AND AFFORDABLE FAMILY HEALTHCARE TO RESIDENTS IN OCEAN COUNTY REGARDLESS OF INSURANCE AT OUR FIVE HEALTH CENTER LOCATIONS IN LAKEWOOD, LITTLE EGG HARBOR, TOMS RIVER, MANAHAWKIN AND MANCHESTER, WITH TWO SCHOOL BASED WELLNESS PROGRAMS IN THE LAKEWOOD HIGH SCHOOL AND CLIFTON AVENUE ELEMENTARY SCHOOL, LAKEWOOD.

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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 $9,371,136

Program Service Revenue $20,889,428

Investment Income $11,410

Other Revenue $12,938

TOTAL REVENUE $30,284,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,197,566

Fundraising Expenses $0

Program Expenses $21,730,710

Other Expenses $10,942,448

TOTAL EXPENSES $26,140,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,284,912	$27,336,577	+0.1%
Expenses	$26,140,014	$29,460,002	-0.1%
Net Income	$4,144,898	$-2,123,425	-3.0%

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

260

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

$1,439,857

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA BERGER	CHIEF EXECUTIVE OFFICER	40.0	Officer	$585,684	$66,003	$651,687
BRIDGET HOGAN	CHIEF OPERATING OFFICER	40.0	Officer	$361,655	$58,852	$420,507
JUDITH SOUSA	CMO	40.0	Officer	$314,050	$53,613	$367,663
KEILA J RAMOS	Vice President Rev/PM	40.0	Highest	$204,337	$42,038	$246,375
JOHN J INTILI	PROVIDER	40.0	Highest	$218,892	$17,019	$235,911
JAY WORTZEL	PROVIDER	40.0	Highest	$210,995	$11,614	$222,609
MARIA G PINEDA Ramos	PROVIDER	40.0	Highest	$205,379	$17,071	$222,450
CHANDRAVADAN SHAH	PHYSICIAN-OB/GYN	40.0	Highest	$198,633	$21,376	$220,009
JORGE ROD	CHAIR	1.0	Officer Director	$0	$0	$0
TONY LOMBARDINO	VICE CHAIR	1.0	Officer Director	$0	$0	$0
CATHY AINORA	TREASURER	1.0	Officer Director	$0	$0	$0
DEB LEVINSON	BOARD MEMBER	1.0	Director	$0	$0	$0
VINCENT DELLADONNA	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN CRADDOX	BOARD MEMBER	1.0	Director	$0	$0	$0
MARY GUARIN	BOARD MEMBER	1.0	Director	$0	$0	$0
MARYJO GRAUSO	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSEPH CASELLO	BOARD MEMBER	1.0	Director	$0	$0	$0
ERIC HOUGHTALING	BOARD MEMBER	1.0	Director	$0	$0	$0
MATT DOHERTY	BOARD MEMBER	1.0	Director	$0	$0	$0
KAREN MCCABE	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN LEIB	BOARD MEMBER	1.0	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	$30,284,912	$26,140,014	$27,488,634	$4,144,898
2023	$27,336,577	$29,460,002	$25,269,765	$-2,123,425
2022	$30,657,644	$28,852,676	$27,718,363	$1,804,968
2021	$32,670,727	$27,971,026	$23,142,154	$4,699,701
2020	$25,483,286	$25,162,759	$21,183,985	$320,527
2019	$24,131,108	$24,835,774	$20,549,545	$-704,666
2018	$23,195,367	$23,342,744	$19,059,955	$-147,377