THE OCEAN CITY CHARTER TECHNICAL H… - Form 990 Financial Data

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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

1999

Legal Domicile

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

CHARTER TECH'S GOAL IS TO OFFER STUDENTS AN ACADEMIC PROGRAM INFUSED WITH LINKS TO THE PERFORMING ARTS. THE CONCEPTS OF DEPENDABILITY, RELIABILITY, AND ACCOUNTABILITY ARE STRESSED IN ALL COURSES. STUDENTS ARE TAUGHT TO BECOME SELF MOTIVATING SO THAT THEY WORK TOWARD AND ACHIEVE THEIR ACADEMIC, CAREER, AND LIFE LONG GOALS.

Program Service Accomplishments

Program 1

Expenses: $7,162,923

IN SCHOOL INSTRUCTION - FUNDS USED TO PROVIDE PUPIL INSTRUCTION.

Program 2

NOT APPLICABLE.

Program 3

NOT APPLICABLE.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$441,594

Total Directors

$75,819

Key Employees

Highest Compensated

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

THE OCEAN CITY CHARTER TECHNICAL HIGH SCHOOL FOR THE PERFORMING ARTS