OCEAN COUNTY FOUNDATION FOR VOCATIONAL AND TECHNICAL EDUCATION (EIN 223337226) - 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

1995

Legal Domicile

Principal Officer

JONATHAN PETRO

Phone

7322406414

Tax Period

2024-07-01 to 2025-06-30

OCEAN COUNTY FOUNDATION FOR VOCATIONAL AND TECHNICAL EDUCATION, founded in 1995, is a small nonprofit in the Education sector that reported $143K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO PREPARE STUDENTS FOR JOB PLACEMENT OF FURTHER EDUCATION LEADING TO SUCCESSFUL EMPLOYMENT. PROGRAMS AND SERVICES ARE DESIGNED TO MEET THE NEEDS OF HIGH SCHOOL STUDENTS AND ADULT LEARNERS, AS WELL AS THE REQUIREMENTS OF EMPLOYERS, COLLEGES, TECHNICAL SCHOOLS AND THE COMMUNITY.

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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 $144,919

Program Service Revenue $0

Investment Income $198

Other Revenue $-2,024

TOTAL REVENUE $143,093

Expense Breakdown

Grants Paid $72,231

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $115,251

Other Expenses $75,290

TOTAL EXPENSES $147,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,093	$111,825	+0.3%
Expenses	$147,521	$135,796	+0.1%
Net Income	$-4,428	$-23,971	-0.8%

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

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
PATRICIA ALLEN	TRUSTEE	0.50	Director	$0	$0	$0
COMMISSIONER ROBERT S ARACE	TRUSTEE	0.50	Director	$0	$0	$0
FRANK DAVIS	TRUSTEE	0.50	Director	$0	$0	$0
DR FREDERICK W FELICE EDD	TRUSTEE	0.50	Director	$0	$0	$0
MAUREEN STANKOWITZ	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN BRENNAN	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN SCATURRO	TRUSTEE	0.50	Director	$0	$0	$0
MAUREEN GRITSCHKE	TRUSTEE	0.50	Director	$0	$0	$0
ANNIE SAYERS	TRUSTEE	0.50	Director	$0	$0	$0
JASON ALLENTOFF	TRUSTEE	0.50	Director	$0	$0	$0
SKIP PETERS	TRUSTEE	0.50	Director	$0	$0	$0
NICK MACKRES	TRUSTEE	0.50	Director	$0	$0	$0
KAREN HOMIEK	TRUSTEE	0.50	Director	$0	$0	$0
COMMISSIONER FRANK SADEGHI	TRUSTEE	0.50	Director	$0	$0	$0
BERNADETTE SEDA	TRUSTEE	0.50	Director	$0	$0	$0
TRISH DEANNI	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW ULLMANN	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL DONAHUE	TRUSTEE	0.50	Director	$0	$0	$0
NANCY WEBER-LOEFFERT	TRUSTEE	0.50	Director	$0	$0	$0
VIRGINA HAINES	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS PRINCE	TRUSTEE	0.50	Director	$0	$0	$0
ROLF WEBER	VICE CHAIRMAN	1.50	Officer	$0	$0	$0
JONATHAN PETRO ESQ	CHAIRMAN	1.50	Officer	$0	$0	$0
JOHN HOMIEK	TREASURER	1.50	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	$143,093	$147,521	$175,142	$-4,428
2024	$111,825	$135,796	$179,222	$-23,971
2023	$111,608	$231,842	$203,345	$-120,234
2022	$238,299	$81,421	$321,908	$156,878
2021	$65,982	$81,091	$164,460	$-15,109
2020	$222,102	$247,643	$179,460	$-25,541
2019	$209,805	$187,706	$205,006	$22,099
2018	$140,873	$96,915	$182,836	$43,958

OCEAN COUNTY FOUNDATION FOR VOCATIONAL AND TECHNICAL EDUCATION