TOMS RIVER, NJ
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Sign In — Free (10 views/day)OCEAN INC, founded in 1967, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2024.
ADMINISTRATION OF FEDERAL HEAD START PROGRAM, WEATHERIZATION PROGRAMS, RENTAL ASSISTANCE PROGRAMS AND OTHER ASSISTANCE TO LOW INCOME FAMILIES.
HEAD START INCLUDES THE HEAD START CHILD DEVELOPMENT PROGRAM, WHICH IS A COMPREHENSIVE PRESCHOOL PROGRAM FOR CHILDREN AGES 3-5 YEARS OLD FROM DISADVANTAGED FAMILIES. ELIGIBILITY IS BASED ON INCOME...
HEAD START INCLUDES THE HEAD START CHILD DEVELOPMENT PROGRAM, WHICH IS A COMPREHENSIVE PRESCHOOL PROGRAM FOR CHILDREN AGES 3-5 YEARS OLD FROM DISADVANTAGED FAMILIES. ELIGIBILITY IS BASED ON INCOME GUIDELINES FROM THE FEDERAL GOVERNMENT, AS WELL AS THE HEAD START CENTERS PROGRAM, WHICH IS A IS A COMPREHENSIVE PRESCHOOL PROGRAM FOR LOW-INCOME 3-5 YEAR OLDS THAT PROVIDES SERVICES IN FIVE MAJOR AREAS: EDUCATION, HEALTH, SOCIAL SERVICES, PARENT INVOLVEMENT, AND SPECIAL NEEDS. HEAD START PROGRAMS NOT ONLY ENHANCE THE GROWTH AND DEVELOPMENT OF CHILDREN, THEY PROMOTE FAMILY SELF-SUFFICIENCY AND DEVELOP COMMUNITY PARTNERSHIPS. O.C.E.A.N., INC. CURRENTLY OPERATES HEAD START PROGRAMS AT SIX LOCATIONS THROUGHOUT OCEAN COUNTY IN BRICK, BERKELEY, BARNEGAT, TOMS RIVER, MANCHESTER AND THE LEAP DELEGATE CENTER IN LAKEWOOD.
WEATHERIZATION PROGRAMS INCLUDE THE LIHEAP AND USF (LOW INCOME HOME ENERGY ASSISTANCE AND UNIVERSAL SERVICE FUND) - DESIGNED TO ADDRESS THE NEEDS OF COST-BURDENED, LOW-INCOME OCEAN COUNTY RESIDENTS...
WEATHERIZATION PROGRAMS INCLUDE THE LIHEAP AND USF (LOW INCOME HOME ENERGY ASSISTANCE AND UNIVERSAL SERVICE FUND) - DESIGNED TO ADDRESS THE NEEDS OF COST-BURDENED, LOW-INCOME OCEAN COUNTY RESIDENTS, UNABLE TO AFFORD THE ADDED EXPENSE OF REPAIRING OR REPLACING ITEMS IN THEIR HOME THAT IF REPAIRED OR REPLACED, COULD HELP THEM REDUCE OR ELIMINATE HIGH ENERGY BILLS. ELIGIBILITY IS BASED ON INCOME GUIDELINES FROM THE FEDERAL GOVERNMENT. PROGRAM SERVICES INCLUDE, ENERGY AUDITS, BROKEN GLASS REPAIR, WEATHER-STRIPPING AND/OR CAULKING OF DOORS/WINDOWS, INSULATING ATTICS AND CRAWLSPACES, REPLACEMENT OF DOORS AND WINDOWS, SKIRTING MOBILE HOMES, HOT WATER HEATER JACKETS, FURNACE REPAIR OR REPLACEMENT, HOT WATER HEATER REPAIR OR REPLACEMENT.
THE COMMUNITY SERVICES BLOCK GRANT CONSISTS OF MANY PROGRAMS ADMINISTERED BY OCEAN, INC. AND ITS SUBRECIPIENTS AND INCLUDE BUT ARE NOT LIMITED TO, SUBSTANCE ABUSE COUNSELING AND TREATMENT, PROVIDING...
THE COMMUNITY SERVICES BLOCK GRANT CONSISTS OF MANY PROGRAMS ADMINISTERED BY OCEAN, INC. AND ITS SUBRECIPIENTS AND INCLUDE BUT ARE NOT LIMITED TO, SUBSTANCE ABUSE COUNSELING AND TREATMENT, PROVIDING AFFORDABLE HOUSING, FOOD, AND SCHOLARSHIPS TO LOW-INCOME INDIVIDUALS, STEM TRAINING IN THE WOODBINE SCHOOL DISTRICT, PROVIDE TECHNOLOGICAL ENHANCEMENTS TO LOW INCOME INDIVIDUALS, PROVIDING SUMMER DAY CAMPS, PROVIDING ON THE JOB TRAINING, PROVIDING INTENSIVE CASE MANAGEMENT, AND PROVIDING A SENIOR ISOLATION TRANSPORTATION PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $15,032,121 | $15,757,678 | 0.0% |
| Expenses | $14,784,965 | $13,986,968 | +0.1% |
| Net Income | $247,156 | $1,770,710 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANITA WOOLERY | CHAIRPERSON | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLYNIS JEAN WRAY | VICE CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRACEY LYNN TRINIWELL | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY GUARIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER L BARNES ESQ | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HENRY A JACKSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ADRIENNE LAWRENCE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDITH PETO | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAMAILA SHEIKH | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHANNELL WILKINS | PRESIDENT/CEO (THRU SEPT 2024) | 40.00 |
Officer
|
$210,231 | $421 | $210,652 |
| BETH HUDSON | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$123,924 | $22,567 | $146,491 |
| TAMICA MICKLE | PRESIDENT/CEO (SEPT 2024-PRESENT) | 40.00 |
Officer
|
$50,981 | $0 | $50,981 |
| MARGARET SAUNDERS | VP OF CHILDREN'S SERVICES | 40.00 |
Highest
|
$117,719 | $5,165 | $122,884 |
| SHERRIE HUFF | VP OF HUMAN RESOURCES | 40.00 |
Highest
|
$120,909 | $4,194 | $125,103 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $15,032,121 | $14,784,965 | $23,950,996 | $247,156 |
| 2023 | $15,757,678 | $13,986,968 | $23,437,874 | $1,770,710 |
| 2022 | $14,455,709 | $14,296,634 | $22,321,911 | $159,075 |
| 2021 | $17,288,435 | $15,353,683 | $23,267,325 | $1,934,752 |
| 2020 | $12,022,468 | $14,185,472 | $22,078,893 | $-2,163,004 |
| 2019 | $13,090,163 | $12,741,449 | $22,666,967 | $348,714 |
| 2018 | $12,674,820 | $12,534,431 | $20,655,083 | $140,389 |
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