Monmouth Ocean Hospital Serv Corp (EIN 222548916) - 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

1984

Legal Domicile

Principal Officer

BRIAN HECTOR

Phone

7322232006

Tax Period

2022-01-01 to 2022-12-31

Monmouth Ocean Hospital Serv Corp, founded in 1984, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $8.8M exceeded revenue, resulting in a 434% operating deficit.

Mission

To improve healthcare for the 2.8 million residents of New Jersey's northern, central and southern shore and reduce costs for the fifteen acute care hospitals who are members.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $739,318

Investment Income $216,631

Other Revenue $691,622

TOTAL REVENUE $1,647,571

Expense Breakdown

Grants Paid $7,145,984

Salaries & Benefits $246,573

Fundraising Expenses $0

Program Expenses $7,381,326

Other Expenses $1,410,121

TOTAL EXPENSES $8,802,678

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,647,571	$4,585,301	-0.6%
Expenses	$8,802,678	$1,496,829	+4.9%
Net Income	$-7,155,107	$3,088,472	-3.3%

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

$252,721

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HECTOR	CFO	50.0	Officer	$214,573	$38,148	$252,721
DAVID SHOTWELL	IN-HOUSE LEGAL OFFICER	1.0	Highest	$157,091	$10,295	$167,386
JOHN DOLL	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD HAND	DIRECTOR	1.0	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
2022	$1,647,571	$8,802,678	$1,108,498	$-7,155,107
2021	$4,585,301	$1,496,829	$9,648,155	$3,088,472
2020	$9,385,631	$13,077,272	$13,808,379	$-3,691,641
2019	$30,905,176	$31,390,773	$20,798,617	$-485,597
2018	$36,681,843	$33,747,150	$21,186,784	$2,934,693

Monmouth Ocean Hospital Serv Corp