OCEAN COUNTY MEMORIAL PARK ASSOCIATION (EIN 221772602) - 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

1966

Legal Domicile

Principal Officer

JOSEPH P MIELE II

Phone

7322551870

Tax Period

2024-08-01 to 2025-07-31

OCEAN COUNTY MEMORIAL PARK ASSOCIATION, founded in 1966, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.6M left a modest 13% surplus.

Mission

NOT REQUIRED

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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 $390

Program Service Revenue $0

Investment Income $227,617

Other Revenue $2,764,498

TOTAL REVENUE $2,992,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,543,414

Fundraising Expenses $0

Other Expenses $1,065,356

TOTAL EXPENSES $2,608,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,992,505	$2,937,740	+0.0%
Expenses	$2,608,770	$2,705,765	0.0%
Net Income	$383,735	$231,975	+0.7%

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

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

$227,158

Total Directors

$227,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELO VALENTE	VICE PRESIDENT	4.00	Officer Director	$18,000	$0	$18,000
JOSEPH P MIELE II	PRESIDENT /EXECUTIVE DIRECTOR	30.00	Officer Director	$0	$0	$0
DIANA WELCH	SECRETARY	10.00	Officer Director	$10,769	$0	$10,769
FRANCIS BROWN	VICE PRESIDENT /TREASURER	10.00	Officer Director	$0	$0	$0
BRETT REA	TRUSTEE	0.00	Director	$0	$0	$0
JOHN DODGSON	VP OPERATIONS	40.00	Officer Director	$165,191	$3,198	$168,389
JEFFREY O'NEILL	VICE PRESIDENT /SALES MARKETING	10.00	Officer Director	$30,000	$0	$30,000
PATRICK LORIMER	TRUSTEE	0.00	Director	$0	$0	$0
JOHN A ODEA	FORMER VICE PRESIDENT	30.00		$186,623	$5,525	$192,148
WILLIAM J MURPHY	FORMER PRESIDENT	30.00		$267,727	$7,957	$275,684

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	$2,992,505	$2,608,770	$10,160,512	$383,735
2024	$2,937,740	$2,705,765	$9,626,231	$231,975
2023	$2,829,321	$2,544,744	$9,231,192	$284,577
2022	$2,968,196	$2,598,708	$9,681,358	$369,488
2021	$2,796,739	$2,533,034	$9,757,916	$263,705
2020	$2,823,419	$2,402,831	$8,087,387	$420,588
2019	$2,399,411	$2,115,160	$7,768,423	$284,251

OCEAN COUNTY MEMORIAL PARK ASSOCIATION