OCEAN CITY ARTS CENTER (EIN 226109722) - 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

Phone

6093997628

Tax Period

2024-01-01 to 2024-12-31

OCEAN CITY ARTS CENTER is a small nonprofit in the Arts, Culture & Humanities sector that reported $520K in total revenue in fiscal year 2024. Expenses of $492K left a modest 5% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO ENRICH THE INDIVIDUALS AND COMMUNITIES OF SOUTHERN NEW JERSEY BY CONNECTING THOSE WITH INTEREST IN CREATIVE, PERFORMING AND VISUAL ARTS.

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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 $151,947

Program Service Revenue $349,737

Investment Income $18,565

Other Revenue $0

TOTAL REVENUE $520,249

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $373,329

Fundraising Expenses $0

Program Expenses $425,059

Other Expenses $114,088

TOTAL EXPENSES $491,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$520,249	$516,000	+0.0%
Expenses	$491,917	$460,433	+0.1%
Net Income	$28,332	$55,567	-0.5%

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

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

$63,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLYNE M JACKSON	Executive Dir.	35.00	Officer	$63,800	$0	$63,800
DR JACK DEVINE	President	1.00	Director	$0	$0	$0
MARIAN TALESE	Vice President	1.00	Director	$0	$0	$0
JANE CHARLES	Secretary	1.00	Director	$0	$0	$0
DAVID NAHAN	Treasurer	1.00	Director	$0	$0	$0
JEFF BARNES	Trustee	1.00	Director	$0	$0	$0
JOANNE COFFMAN	Trustee	1.00	Director	$0	$0	$0
TIM FAHERTY	Trustee	1.00	Director	$0	$0	$0
SUZANNE FORREST	Trustee	1.00	Director	$0	$0	$0
MARY GARRETT	Trustee	1.00	Director	$0	$0	$0
GRISEL VELAZQUEZ	Trustee	0.00	Director	$0	$0	$0
HILLARY HEYWOOD	Trustee	1.00	Director	$0	$0	$0
SUSAN MATTHEWS	Trustee	1.00	Director	$0	$0	$0
PATTI SPEED	Trustee	1.00	Director	$0	$0	$0
ALLISON SOUTHARD	Trustee	1.00	Director	$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	$520,249	$491,917	$621,764	$28,332
2023	$516,000	$460,433	$583,156	$55,567
2022	$491,418	$409,595	$508,499	$81,823
2021	$459,906	$381,892	$517,792	$78,014
2020	$192,475	$137,630	$380,044	$54,845
2019	$393,237	$329,855	$329,701	$63,382
2018	$329,826	$317,053	$246,416	$12,773

OCEAN CITY ARTS CENTER