HISTORICAL SOCIETY OF OCEAN GROVE … - 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

1971

Legal Domicile

Principal Officer

LORRIE LOSAPIO

Phone

7327741869

Tax Period

2023-01-01 to 2023-12-31

HISTORICAL SOCIETY OF OCEAN GROVE NJ INC, founded in 1971, is a small nonprofit that reported $351K in total revenue in fiscal year 2023. Revenue surged 228% from the prior year, signaling strong growth momentum. The organization ran a surplus of $278K, a strong 79% operating margin.

Mission

PRESERVATION, MAINTENANCE AND OPERATION OF HISTORICAL MUSEUM AND OTHER HISTORICAL SITES IN OCEAN GROVE NJ

Program Service Accomplishments

Program 1

Expenses: $64,901 Revenue: $2,987

THE SOCIETY RUNS AND MAINTAINS A HISTORICAL MUSEUM

Program 2

Expenses: $6,509

SUPPORTS PROGRAMS THAT PROVIDE FOR MAINTAINING THE INTEGRITY OF THE HISTORICAL NATURE OF OCEAN GROVE AND THE TOWN'S UPKEEP

Program 3

Expenses: $1,531

PUBLICATION OF NEWSLETTER AND WEB SITE TO INFORM PUBLIC OF HISTORICAL NATURE OF OCEAN GROVE NJ

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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 $319,182

Program Service Revenue $26,495

Investment Income $66

Other Revenue $5,038

TOTAL REVENUE $350,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,363

Fundraising Expenses $36

Program Expenses $72,941

Other Expenses $41,870

TOTAL EXPENSES $73,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,781	$106,834	+2.3%
Expenses	$73,233	$73,747	0.0%
Net Income	$277,548	$33,087	+7.4%

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

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

$24,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB WAITT	PAST PRESIDENT	0.00	Officer	$0	$0	$0
ANNE FOX	REC. SECRETARY	1.00	Officer	$24,340	$0	$24,340
JEAN BUCKLEY	SECOND VICE PRESIDENT	0.00	Officer	$0	$0	$0
LORRIE LOSAPIO	TREASURER	0.00	Officer	$0	$0	$0
LOUISE OLSHAN	ASST TREASURER	0.00	Officer	$0	$0	$0
CINDY BELL	FIRST VICE PRESIDENT	0.00	Officer	$0	$0	$0
CANDY JAMES	COR. SECRETARY	0.00	Officer	$0	$0	$0
ART JAMES	PRESIDENT	0.00	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	No data	No data	No data	No data
2023	$350,781	$73,233	$660,896	$277,548
2022	$106,834	$73,747	$600,834	$33,087
2021	$133,430	$67,344	$573,259	$66,086
2020	$74,922	$56,639	$663,026	$18,283
2019	$136,707	$221,782	$266,487	$-85,075
2018	$133,705	$90,307	$404,943	$43,398

HISTORICAL SOCIETY OF OCEAN GROVE NJ INC