OCEAN CITY THEATRE COMPANY

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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

2008

Legal Domicile

Phone

6093981118

Tax Period

2024-01-01 to 2024-12-31

OCEAN CITY THEATRE COMPANY, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $364K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $413K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE LIVE THEATRE PERFORMANCES AND ARTS EDUCATION PROGRAMS IN OCEAN CITY, NEW JERSEY AND THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $328,411

THE PRODUCTION AND PERFORMANCE OF LIVE THEATRE ENTERTAINMENT.

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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 $69,623

Program Service Revenue $171,974

Investment Income $0

Other Revenue $122,431

TOTAL REVENUE $364,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,292

Fundraising Expenses $32,746

Program Expenses $328,411

Other Expenses $360,159

TOTAL EXPENSES $413,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,028	$325,964	+0.1%
Expenses	$413,451	$400,427	+0.0%
Net Income	$-49,423	$-74,463	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE HARTMAN	Treasurer	2.00	Director	$0	$0	$0
CHERYL HOMES	Trustee	2.00	Director	$0	$0	$0
PAT RANDLES	Trustee	2.00	Director	$0	$0	$0
MICHELE MILLER	Trustee	2.00	Director	$0	$0	$0
DANA LINTHICUM	Vice President	2.00	Director	$0	$0	$0
MIKE DATTILO	Trustee	2.00	Director	$0	$0	$0
ELIZABETH WOODS	Trustee	2.00	Director	$0	$0	$0
TOM KIRNER	President	2.00	Director	$0	$0	$0
MELISSA WILSON	Secretary	2.00	Director	$0	$0	$0
LAURA BRETHERICK	MANAGING DIRECTOR	40.00		$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	$364,028	$413,451	$60,888	$-49,423
2023	$325,964	$400,427	$110,265	$-74,463
2022	$387,370	$370,119	$184,810	$17,251
2021	$370,967	$266,484	$167,441	$104,483
2020	$121,454	$97,991	$62,567	$23,463
2019	$331,768	$306,853	$39,605	$24,915
2018	$321,883	$341,584	$14,693	$-19,701