OCEAN CURE INC

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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

2009

Legal Domicile

Principal Officer

KEVIN T MURPHY

Phone

9103410594

Tax Period

2025-01-01 to 2025-12-31

OCEAN CURE INC, founded in 2009, is a micro nonprofit in the Recreation & Sports sector that reported $76K in total revenue in fiscal year 2025. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 35% operating deficit.

Mission

OCEAN CURE IS DEDICATED TO IMPROVE THE QUALITY OF LIFE FOR MEDICALLY FRAGILE AND AT-RISK INDIVIDUALS THROUGH ADAPTIVE SURFING AND INCREASED BEACH ACCESSIBILITY.

Program Service Accomplishments

Program 1

Expenses: $93,434

PROVIDED FREE SURF CAMPS FOR MEDICALLY FRAGILE OR AT RISK CHILDREN AND ADULTS INCLUDING THOSE AFFECTED BY AIDS, AUTISM, CEREBRAL PALSY, VISUAL IMPAIRMENTS, TERMINAL ILLNESSES, AND OTHER DISABILITIES.

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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 $72,448

Program Service Revenue $0

Investment Income $0

Other Revenue $3,784

TOTAL REVENUE $76,232

Expense Breakdown

Grants Paid $4,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,434

Other Expenses $98,493

TOTAL EXPENSES $103,193

Year-over-Year Comparison

	2025	2024	Change
Revenue	$76,232	$210,631	-0.6%
Expenses	$103,193	$203,733	-0.5%
Net Income	$-26,961	$6,898	-4.9%

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

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
CHRIS D LACOE	SEC-TREASURE	2.00	Officer Director	$0	$0	$0
DANIELLE M MURPHY	DIRECTOR OF	10.00	Director	$0	$0	$0
KEVIN T MURPHY	PRESIDENT	10.00	Officer 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
2025	$76,232	$103,193	$83,392	$-26,961
2024	No data	No data	No data	No data