HUMANE SOCIETY OF OCEAN CITY INC (EIN 221894787) - 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

1968

Legal Domicile

Principal Officer

WILLIAM HOLLINGSWORTH

Phone

6093999500

Tax Period

2024-01-01 to 2024-12-31

HUMANE SOCIETY OF OCEAN CITY INC, founded in 1968, is a community nonprofit in the Animal-Related sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 3% surplus.

Mission

TO PROMOTE AND FURTHER THE PROTECTION OF ANIMALS AND PROVIDE FOR PREVENTION OF CRUELTY TO THE SAME WITHIN THE CITY OF OCEAN CITY AND SURROUNDING AREAS. THE ORGANIZATION ALSO MAINTAINS SHELTER FOR PROTECTION, CARE, AND WELFARE OF ANIMALS WITHIN THE SAID AREAS.

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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 $575,476

Program Service Revenue $939,003

Investment Income $141,883

Other Revenue $112,133

TOTAL REVENUE $1,768,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $976,000

Fundraising Expenses $0

Program Expenses $1,523,414

Other Expenses $735,461

TOTAL EXPENSES $1,711,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,768,495	$1,380,209	+0.3%
Expenses	$1,711,461	$1,435,860	+0.2%
Net Income	$57,034	$-55,651	-2.0%

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

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

Total Directors

$138,203

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JULIE MOBERG	DR	0.00		$135,060	$0	$135,060
DR AMANDA BOBB	DR	0.00		$108,000	$0	$108,000
WILLIAM HOLLINGSWORTH	CEO	40.00	Director	$83,200	$0	$83,200
PHILLIP BELLUCCI	Executive Dir.	40.00	Director	$55,003	$0	$55,003
MICHAEL MCGINLEY	Vice President	2.00	Director	$0	$0	$0
TRICIA CILIBERTO	Secretary	2.00	Director	$0	$0	$0
MICHAEL CAIAZZA	MEMBER AT LARGE	2.00	Director	$0	$0	$0
LOUISE NUNAN	President	2.00	Officer	$0	$0	$0
JAMES G WHEATCROFT	Treasurer	2.00	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
2024	$1,768,495	$1,711,461	$2,078,193	$57,034
2023	$1,380,209	$1,435,860	$2,016,909	$-55,651
2022	$1,635,583	$1,871,849	$1,869,933	$-236,266
2022	$1,639,518	$1,421,103	$1,967,227	$218,415
2021	$1,395,138	$1,436,983	$2,106,198	$-41,845
2021	$1,385,692	$1,432,244	$1,925,215	$-46,552
2020	$1,756,098	$1,313,954	$1,987,279	$442,144
2019	$1,404,854	$1,401,831	$1,736,409	$3,023

HUMANE SOCIETY OF OCEAN CITY INC