OCEAN OF LOVE INC (EIN 222940034) - 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

1988

Legal Domicile

Principal Officer

THERESA SEGUI

Phone

7322703500

Tax Period

2024-07-01 to 2025-06-30

OCEAN OF LOVE INC, founded in 1988, is a small nonprofit in the Human Services sector that reported $602K in total revenue in fiscal year 2024.

Mission

SUPPORT CHILDREN WITH CANCER IN OCEAN COUNTY. PROVIDE FINANCIAL ASSISTANCE

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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 $602,313

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $602,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,473

Fundraising Expenses $29,737

Program Expenses $560,664

Other Expenses $433,732

TOTAL EXPENSES $619,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$602,313	$574,356	+0.0%
Expenses	$619,205	$591,288	+0.0%
Net Income	$-16,892	$-16,932	0.0%

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

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
LINDA PASCARELLA	President	0.00	Director	$0	$0	$0
THERESA SEGUI	Director	35.00	Director	$0	$0	$0
MIKE LITTLE	Vice President	0.00	Officer	$0	$0	$0
DAVE KALINOWSKI	Vice President	0.00	Officer	$0	$0	$0
TED MATURO	Secretary	0.00	Officer	$0	$0	$0
ROBERT TRUESDALE	Treasurer	0.00	Officer	$0	$0	$0
JAMIE BATZEL-KANNHEISER	Trustee	0.00	Officer	$0	$0	$0
ANDY CHASE	Trustee	0.00	Officer	$0	$0	$0
LISA HILL	Trustee	0.00	Officer	$0	$0	$0
MIKE JURUSZ	Trustee	0.00	Officer	$0	$0	$0
CHRISTINE LINTON	Trustee	0.00	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
2025	$602,313	$619,205	$524,171	$-16,892
2022	$590,493	$500,737	$590,474	$89,756
2019	$621,153	$545,587	$543,189	$75,566
2018	$596,140	$683,443	$474,790	$-87,303

OCEAN OF LOVE INC