OCEANIC PUBLIC LIBRARY TRUST

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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

1920

Legal Domicile

Principal Officer

CARL A REISS

Phone

7328044405

Tax Period

2025-01-01 to 2025-12-31

OCEANIC PUBLIC LIBRARY TRUST, founded in 1920, is a micro nonprofit that reported $35K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $7K, a strong 19% operating margin.

Mission

ORGANIZATION WAS ESTABLISHED FOR THE MAINTENANCE OF THE OCEANIC FREE LIBRARY LOCATED IN RUMSON, NJ.

Program Service Accomplishments

Program 1

Expenses: $17,855

MAINTENANCE OF THE OCEANIC FREE LIBRARY LOCATED IN RUMSON, 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 (2025)

Revenue Breakdown

Contributions & Grants $30

Program Service Revenue $0

Investment Income $35,080

Other Revenue $11

TOTAL REVENUE $35,121

Expense Breakdown

Grants Paid $17,855

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,855

Other Expenses $10,426

TOTAL EXPENSES $28,281

Year-over-Year Comparison

	2025	2024	Change
Revenue	$35,121	$37,921	-0.1%
Expenses	$28,281	$26,249	+0.1%
Net Income	$6,840	$11,672	-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

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
FEDERIGO MAGHERINI	TRUSTEE	1.00	Director	$0	$0	$0
TY OLSON	TRUSTEE	1.00	Director	$0	$0	$0
ANN ROSSBACH	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE E BRUCKMANN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM P CAREY	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN JACOBSON	TRUSTEE	1.00	Director	$0	$0	$0
CARL A REISS	PRESIDENT AND SECRETARY	5.00	Officer	$0	$0	$0
JAMES CLAYTON KINGSBERY	TREASURER	5.00	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	$35,121	$28,281	$702,286	$6,840
2024	$37,921	$26,249	$650,242	$11,672
2023	$19,566	$21,020	$618,405	$-1,454
2022	$25,565	$30,083	$554,103	$-4,518
2021	$67,944	$20,382	$678,777	$47,562