TOWNSHIP OF OCEAN HISTORICAL MUSEUM

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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

1984

Legal Domicile

Principal Officer

PAUL EDELSON

Phone

7325312136

Tax Period

2023-01-01 to 2023-12-31

TOWNSHIP OF OCEAN HISTORICAL MUSEUM, founded in 1984, is a micro nonprofit that reported $81K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $39K, a strong 48% operating margin.

Mission

TO PROMOTE A BETTER APPRECIATION AND UNDERSTANDING OF THE HERITAGE OF THE COMMUNITY AND ITS PEOPLE BY COLLECTING AND PRESERVING MATERIALS OF LOCAL SIGNIFICANCE.

Program Service Accomplishments

Program 1

Expenses: $30,415 Revenue: $17,517

PROMOTE A BETTER APPRECIATION AND UNDERSTANDING OF THE HERITAGE OF THE COMMUNITY AND ITS PEOPLE THROUGH EXHIBITS AND EDUCATIONAL PROGRAMS OFFERED THROUGH THE MUSEUM, INCLUDING REPAIRS AND MAINTENANCE...

Program 2

PRESERVATION OFA HISTORICAL STRUCTURE ADJACENT TO THE MUSEUM BUILDING. A WATER TOWER IS BEING REFURBISHED.

Program 3

N/A

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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 $55,931

Program Service Revenue $17,517

Investment Income $1,247

Other Revenue $6,016

TOTAL REVENUE $80,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,415

Other Expenses $41,810

TOTAL EXPENSES $41,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,711	$67,556	+0.2%
Expenses	$41,810	$53,638	-0.2%
Net Income	$38,901	$13,918	+1.8%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY DELLINGER	Trustee	2.00	Director	$0	$0	$0
MARGE EDELSON	Trustee	2.00	Director	$0	$0	$0
JOAL LEONE	Trustee	2.00	Director	$0	$0	$0
EILEEN MCCORMACK	Trustee	2.00	Director	$0	$0	$0
GINNY RICHMOND	Trustee	2.00	Director	$0	$0	$0
SERGIE CONKLIN	Secretary	2.00	Officer	$0	$0	$0
PAUL EDELSON	President	2.00	Officer	$0	$0	$0
JOHN MCCORMACK	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	No data	No data	No data	No data
2023	$80,711	$41,810	$563,710	$38,901
2022	$67,556	$53,638	$524,809	$13,918
2021	$51,887	$41,450	$510,891	$10,437
2020	$53,252	$54,419	$500,454	$-1,167
2019	$67,033	$57,556	$501,621	$9,477
2018	$65,976	$78,106	$492,144	$-12,130