OCEAN'S HARBOR HOUSE INC (EIN 222672209) - 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

1985

Legal Domicile

Principal Officer

ALICE WOODS

Phone

7329290096

Tax Period

2023-01-01 to 2023-12-31

OCEAN'S HARBOR HOUSE INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF OCEAN'S HARBOR HOUSE IS TO PROVIDE SHELTER, SUPPORT AND SERVICES FOR VULNERABLE YOUTH, ENABLING THEM TO UNLOCK THEIR POTENTIAL BY LEARNING SKILLS THAT EMPOWER THEM TO BUILD SUCCESSFUL LIVES, RELATIONSHIPS AND FUTURES. THE VISION IS ALL YOUTH FEEL SAFE, EMPOWERED AND EQUIPPED FOR SUCCESSFUL FUTURES.

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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 $1,774,212

Program Service Revenue $0

Investment Income $39,539

Other Revenue $358,290

TOTAL REVENUE $2,172,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,837,760

Fundraising Expenses $0

Program Expenses $2,177,204

Other Expenses $565,328

TOTAL EXPENSES $2,403,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,172,041	$1,913,490	+0.1%
Expenses	$2,403,088	$2,258,956	+0.1%
Net Income	$-231,047	$-345,466	-0.3%

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

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

$121,102

Total Directors

$121,102

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE WOODS	EXECUTIVE DIRECTOR	40.00	Officer Director	$121,102	$0	$121,102
JARETT LYNN	PAST PRESIDENT	1.00	Director	$0	$0	$0
LAWRENCE CAGLIOSTRO	TRUSTEE	1.00	Director	$0	$0	$0
DR JOSEPH OLESKE	TRUSTEE	1.00	Director	$0	$0	$0
ELAINE SCHOENFELD	TRUSTEE	1.00	Director	$0	$0	$0
KATHY MALLETTE	TRUSTEE	1.00	Director	$0	$0	$0
MARGARETE ANN HUBER	TRUSTEE	1.00	Director	$0	$0	$0
JERRY BOISSEAU	EMERITUS	1.00	Director	$0	$0	$0
DEANNA SPERLING	PRESIDENT	5.00	Officer	$0	$0	$0
TERI KUBIEL	FIRST VICE PRESIDENT	2.00	Officer	$0	$0	$0
KETTI SCHOENFELD	SECOND VICE PRESIDENT	2.00	Officer	$0	$0	$0
PHILIP WOOLFOLK	TREASURER	2.00	Officer	$0	$0	$0
MARIE ROSELLI	SECRETARY	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	$2,172,041	$2,403,088	$1,422,444	$-231,047
2022	$1,913,490	$2,258,956	$1,548,805	$-345,466
2021	$2,102,978	$2,089,558	$1,818,024	$13,420
2020	$1,957,368	$1,972,229	$2,154,453	$-14,861
2019	$1,811,036	$2,066,212	$1,780,135	$-255,176
2018	$1,810,164	$1,964,659	$1,990,328	$-154,495

OCEAN'S HARBOR HOUSE INC