OCEANFRONT MERCHANTS ASSOCIATION

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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

2007

Legal Domicile

Principal Officer

Chris Walker

Phone

8036006012

Tax Period

2023-01-01 to 2023-12-31

OCEANFRONT MERCHANTS ASSOCIATION, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $200K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $77K, a strong 38% operating margin.

Mission

THE OCEANFRONT MERCHANTS ASSOCIATION IS A GROUP OF MERCHANTS AND PROPERTY OWNERS WITH THE GOAL OF INCREASING THE NUMBER OF VISITORS AND THE AMOUNT OF REVENUE BROUGHT TO OUR AREA. WE STRIVE TO PROMOTE AN ASSIST IN THE DEVELOPMENT OF BUSINESS CONCERNS IN THE MYRTLE BEACH OCEANFRONT BOARDWALK DISTRICT. OUR MISSION IS REACHED THROUGH SPECIAL EVENTS, MARKETING, ADVERTISING, AND FUTURE CAPITAL IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $7,862 Revenue: $0

PROMOTE TOURISM AND PATRONAGE OF THE MYRTLE BEACH OCEANFRONT BOARDWALK DISTRICT THROUGH ADVERTISING ITS BUSINESSES, EVENTS, HISTORY, AND LOCATION.

Program 2

Expenses: $115,515

PROMOTE AND PLAN FREE EVENTS IN THE OCEANFRONT BOARDWALK DISTRICT.

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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 $200,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,377

Other Expenses $123,377

TOTAL EXPENSES $123,377

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,000	$234,163	-0.1%
Expenses	$123,377	$191,251	-0.4%
Net Income	$76,623	$42,912	+0.8%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WALKER	PRESIDENT	2	Officer	$0	$0	$0
MICHELLE KERSCHER	TREASURER	3	Officer	$0	$0	$0
Justin Plyler	Vice President	0.5	Officer	$0	$0	$0
Bill Prescott	Vice President	0.5	Officer	$0	$0	$0
Pablo Chavez	Secretary	0.5	Officer	$0	$0	$0
Victor Shamah	At Large Mamber	0.5	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
2023	$200,000	$123,377	$121,989	$76,623
2022	$234,163	$191,251	$45,366	$42,912
2021	$182,744	$191,220	$2,454	$-8,476
2020	$144,339	$127,890	$21,529	$16,449