THE OCEAN CITY CHARTER TECHNICAL HIGH SCHOOL FOR THE PERFORMING ARTS

EIN: 223510049 501(c)(3) Education

SOMERS POINT, NJ

Total Revenue
$10,337,539
Total Expenses
$8,813,510
Total Assets
$15,141,329
Net Assets
$10,030,405
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NJ
Principal Officer
JENNIFER GATEWOOD
Phone
6099267694
Tax Period
2023-07-01 to 2024-06-30

THE OCEAN CITY CHARTER TECHNICAL HIGH SCHOOL FOR THE PERFORMING ARTS, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2023. Expenses of $8.8M left a modest 15% surplus.

Mission

TO OPERATE A CHARTER SCHOOL UNDER THE REGULATION OF THE NEW JERSEY DEPARTMENT OF EDUCATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,130,562
Program Service Revenue $0
Investment Income $99,676
Other Revenue $107,301
TOTAL REVENUE $10,337,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,484,412
Fundraising Expenses $0
Program Expenses $7,162,923
Other Expenses $2,329,098
TOTAL EXPENSES $8,813,510

Year-over-Year Comparison

2023 2022 Change
Revenue $10,337,539 $10,329,252 +0.0%
Expenses $8,813,510 $7,950,983 +0.1%
Net Income $1,524,029 $2,378,269 -0.4%
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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Governance

Voting Members
8
Independent Members
8
Employees
80
Volunteers
20

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
2
$441,594
Total Directors
8
$75,819
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA YORK VICE PRESIDENT 2.00
Director
$0 $0 $0
IAN ANGOTTI TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY CARAWAY TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH M LEHMAN TRUSTEE 2.00
Director
$0 $0 $0
KERRY BIRCH TRUSTEE 2.00
Director
$0 $0 $0
ALLISON LUFF TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER GATEWOOD PRESIDENT 2.00
Director
$0 $0 $0
PATRICIA COOPERSMITH FACULTY REPRESENTATIVE 2.00
Director
$65,403 $10,416 $75,819
JILL CARSON BA/BOARD SECRETARY 40.00
Officer
$171,575 $8,230 $179,805
DR BRIAN MCGUIRE LEAD PERSON/PRINCIPAL 40.00
Officer
$224,788 $37,001 $261,789
JENNIFER LEE VICE PRIN/ DIRECTOR OF CIRRICULUM 40.00
Highest
$147,950 $26,782 $174,732
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 $10,337,539 $8,813,510 $15,141,329 $1,524,029
2023 $10,329,252 $7,950,983 $13,894,607 $2,378,269
2022 $9,590,437 $7,770,495 $11,716,640 $1,819,942
2021 $8,290,315 $6,750,944 $10,253,645 $1,539,371
2020 $7,506,947 $6,985,950 $9,053,686 $520,997
2019 $6,988,801 $6,703,127 $8,928,307 $285,674
2018 $6,699,254 $6,242,741 $8,766,399 $456,513
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