FRIENDS OF THE OCEAN CITY POPS INC (EIN 223256997) - 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

1993

Legal Domicile

Principal Officer

FRANKLIN BUTTERICK

Phone

8562379039

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE OCEAN CITY POPS INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $236K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $204K left a modest 14% surplus.

Mission

TO PROMOTE EXCELLENCE IN THE PROGRAMMING, PERFORMANCE, AND CONTINUING DEVELOPMENT OF THE OCEAN CITY POPS ORCHESTRA.

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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 $90,000

Program Service Revenue $82,445

Investment Income $52,571

Other Revenue $10,964

TOTAL REVENUE $235,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,390

Other Expenses $203,584

TOTAL EXPENSES $203,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,980	$184,907	+0.3%
Expenses	$203,584	$169,984	+0.2%
Net Income	$32,396	$14,923	+1.2%

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

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
MICHAEL ALLEGRETTO	TRUSTEE	N/A	Director	$0	$0	$0
JON BATASTINI	PAST CHAIRPE	N/A	Officer Director	$0	$0	$0
NANCY BLAND	TRUSTEE	N/A	Director	$0	$0	$0
MARGUERITE CLARK	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
DAVID COOMBS	COMMUNITY RE	N/A	Officer Director	$0	$0	$0
ROBERTA DEVRIES	TRUSTEE	N/A	Director	$0	$0	$0
BARBARA FASY	TRUSTEE	N/A	Director	$0	$0	$0
LINDA HERBERT	TRUSTEE	N/A	Director	$0	$0	$0
PHYLLIS HOOVER	TRUSTEE	N/A	Director	$0	$0	$0
JEAN G JACOBSON	TRUSTEE	N/A	Director	$0	$0	$0
JOHN D POJAWIS JR	TRUSTEE	N/A	Director	$0	$0	$0
MARIE KNIGHT	TRUSTEE	N/A	Director	$0	$0	$0
MARY ANNE KULL	TRUSTEE	N/A	Director	$0	$0	$0
KAREN MAHAR	TRUSTEE	N/A	Director	$0	$0	$0
KAREN MITCHELL	CORRESPONDIN	N/A	Officer Director	$0	$0	$0
KAREN MORELLI	RECORDING SE	N/A	Officer Director	$0	$0	$0
PAULA NORTH	TRUSTEE	N/A	Director	$0	$0	$0
DR DOMINICK A POTENA	TRUSTEE	N/A	Director	$0	$0	$0
CAROL RUGGIERO	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
WILLIAM SCHEIBLE	VICE CHAIRPE	N/A	Officer Director	$0	$0	$0
WILLIAM SUNDERMEIR	TRUSTEE	N/A	Director	$0	$0	$0
JUDITH THOMAS	TRUSTEE	N/A	Director	$0	$0	$0
FRANKLIN BUTTERICK	TREASURER	N/A	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	$235,980	$203,584	$1,701,746	$32,396
2022	$184,907	$169,984	$1,585,896	$14,923
2021	$158,641	$119,165	$1,742,360	$39,476
2020	$126,945	$65,158	$1,486,318	$61,787
2019	$208,059	$135,790	$1,396,960	$72,269
2018	$144,604	$120,698	$1,168,039	$23,906

FRIENDS OF THE OCEAN CITY POPS INC