Ocean City Tabernacle Association (EIN 210738420) - 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

1907

Legal Domicile

Phone

6093991915

Tax Period

2023-01-01 to 2023-12-31

Ocean City Tabernacle Association, founded in 1907, is a community nonprofit in the Religion sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 42% operating deficit.

Mission

A family ministry center where the Gospel of Jesus Christ is central.

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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 $1,305,413

Program Service Revenue $106,962

Investment Income $15,525

Other Revenue $4,744

TOTAL REVENUE $1,432,644

Expense Breakdown

Grants Paid $15,500

Salaries & Benefits $909,660

Fundraising Expenses $148,031

Program Expenses $1,335,245

Other Expenses $1,111,290

TOTAL EXPENSES $2,036,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,432,644	$2,209,738	-0.4%
Expenses	$2,036,450	$1,999,973	+0.0%
Net Income	$-603,806	$209,765	-3.9%

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

$207,883

Total Directors

$209,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chair (part year)	7.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Secretary & Trustee	1.0	Officer Director	$0	$0	$0
N/A	President & CEO	40.0	Officer Director	$165,659	$42,224	$207,883
N/A	Vice Chair (part year), Secretary (part year), Acting Chair	2.5	Officer Director	$0	$0	$0
N/A	Chair (part year), Trustee (part year)	1.5	Officer Director	$0	$0	$0
N/A	Treasurer (part year)	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair (part year)	1.0	Officer Director	$0	$0	$0
N/A	Trustee	0.5	Director	$1,862	$0	$1,862
N/A	Trustee (part year)	0.5	Director	$0	$0	$0
N/A	Trustee	0.5	Director	$0	$0	$0
N/A	Trustee (part year)	0.5	Director	$0	$0	$0
N/A	Trustee (part year)	0.5	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	No data	No data	No data	No data
2023	$1,432,644	$2,036,450	$13,140,324	$-603,806
2022	$2,209,738	$1,999,973	$13,000,361	$209,765
2021	$1,800,031	$1,697,402	$14,538,721	$102,629
2020	$1,568,802	$1,259,519	$13,712,051	$309,283
2019	$1,649,720	$1,547,939	$13,295,424	$101,781
2018	$205,608	$1,394,819	$12,172,880	$-1,189,211

Ocean City Tabernacle Association