Southern Ocean County Community Foundation Inc (EIN 271578861) - 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

Formation Year

2009

Legal Domicile

Principal Officer

Christopher J Schwab

Phone

6097090990

Tax Period

2023-01-01 to 2023-12-31

Southern Ocean County Community Foundation Inc, founded in 2009, is a micro nonprofit in the Community Improvement sector that reported $66K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $47K, a strong 72% operating margin.

Mission

Social need program To support food pantries and educate the public about basic food needs in Southern Ocean County.

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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 $46,226

Program Service Revenue $0

Investment Income $48

Other Revenue $19,296

TOTAL REVENUE $65,570

Expense Breakdown

Grants Paid $270

Salaries & Benefits $0

Fundraising Expenses $150

Program Expenses $10,977

Other Expenses $18,229

TOTAL EXPENSES $18,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,570	$92,446	-0.3%
Expenses	$18,499	$91,760	-0.8%
Net Income	$47,071	$686	+67.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Schwab	President	3.00	Officer	$0	$0	$0
Gary Henderson	Vice President	3.00	Officer	$0	$0	$0
Sarah Ott	Secretary	2.00	Officer	$0	$0	$0
Jeremy DeFilippis	Treasurer	3.00	Officer	$0	$0	$0
Daniel J Taylor	Trustee Emeritus	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	No data	No data	No data	No data
2023	$65,570	$18,499	$193,694	$47,071
2021	$238,576	$184,428	$135,497	$54,148
2020	$207,991	$136,858	$81,349	$71,133

Southern Ocean County Community Foundation Inc