OCEAN CITY BAND

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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

Phone

6093996111

Tax Period

2024-01-01 to 2024-12-31

OCEAN CITY BAND, founded in 1995, is a small nonprofit that reported $330K in total revenue in fiscal year 2024.

Mission

PROMOTE ECONOMIC GROWTH AND ENHANCE OVERALL IMAGE OF OCEAN CITY NEW JERSEY

Program Service Accomplishments

Program 1

Expenses: $352,459

THE CORPORATION ASSISTED OCEAN CITY IN PROMOTING ECONOMIC GROWTH BY PROVIDING A STABLE SOURCE OF FUNDING FROM A VARIETY OF PROGRAMS AND ACTIVITIES DESIGNED TO ATTRACT NEW BUSINESS ENTREPRENEURS AND...

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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 $185,380

Program Service Revenue $29,425

Investment Income $130

Other Revenue $115,551

TOTAL REVENUE $330,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $352,459

Other Expenses $361,227

TOTAL EXPENSES $361,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,486	$339,497	0.0%
Expenses	$361,227	$323,573	+0.1%
Net Income	$-30,741	$15,924	-2.9%

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

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
CHUCK BANGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE GILLIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA CATRAMBONE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN QUIRK	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MADDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ALLEGRETTO	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK DONATO III	BOARD MEMBER	1.00	Director	$0	$0	$0
WES KAZMARCK	President	1.00	Officer	$0	$0	$0
PATRICK HALLIDAY	Secretary	1.00	Officer	$0	$0	$0
BURT WILKINS	Vice President	1.00	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	No data	No data	No data	No data
2024	$330,486	$361,227	$222,333	$-30,741
2023	$339,497	$323,573	$253,074	$15,924
2022	$334,092	$304,525	$237,151	$29,567
2021	$240,412	$216,561	$207,884	$23,851
2020	$209,981	$136,225	$184,157	$73,756
2019	$383,364	$327,616	$109,976	$55,748
2018	$500,654	$500,059	$75,612	$595
2017	$497,204	$524,403	$96,400	$-27,199