OCEAN SANDS RESORT ASSN INC (EIN 222423409) - 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

1982

Legal Domicile

Principal Officer

DAVE WHEELER

Phone

2154991239

Tax Period

2023-11-01 to 2024-10-31

OCEAN SANDS RESORT ASSN INC, founded in 1982, is a small nonprofit that reported $230K in total revenue in fiscal year 2023. Expenses of $265K exceeded revenue, resulting in a 16% operating deficit.

Mission

CAMPGROUND ASSOCIATION

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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 $0

Program Service Revenue $223,043

Investment Income $6,666

Other Revenue $0

TOTAL REVENUE $229,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,462

Fundraising Expenses $0

Program Expenses $253,329

Other Expenses $261,903

TOTAL EXPENSES $265,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,709	$231,080	0.0%
Expenses	$265,365	$245,118	+0.1%
Net Income	$-35,656	$-14,038	+1.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE WHEELER	PRESIDENT	5.00	Officer Director	$0	$0	$0
GUYE CRAIG	TRUSTEE	5.00	Director	$0	$0	$0
HOLLY MYERS	TRUSTEE	5.00	Director	$0	$0	$0
TOM ZOOK	TRUSTEE	5.00	Director	$0	$0	$0
RAYMOND PAULEY	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT MAGNOTTI	TRUSTEE	5.00	Director	$0	$0	$0
JACK GRESCH	TRUSTEE	5.00	Director	$0	$0	$0
CHRIS YEZZI	TRUSTEE	5.00	Director	$0	$0	$0
GREG HART	TRUSTEE	5.00	Director	$0	$0	$0
RYAN MACELROY	TRUSTEE	5.00	Director	$0	$0	$0
PAUL POMILLA	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL MIS	TRUSTEE	5.00	Director	$0	$0	$0
MARK ALBERT III	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
CYNTHIA ROSELLI	SECRETARY	5.00	Officer Director	$0	$0	$0
STACEY LEIGH	TREASURER	5.00	Officer Director	$0	$0	$0
ED LEIGH	TRUSTEE	5.00	Director	$0	$0	$0
KATHY LESTER	TRUSTEE	5.00	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	$229,709	$265,365	$861,727	$-35,656
2023	$231,080	$245,118	$915,194	$-14,038
2022	$187,741	$174,404	$976,252	$13,337
2021	$202,940	$145,734	$926,543	$57,206
2020	$176,310	$145,820	$879,094	$30,490
2019	$164,500	$162,303	$823,185	$2,197
2018	$165,943	$135,661	$856,665	$30,282

OCEAN SANDS RESORT ASSN INC