OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC (EIN 272151222) - 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

2010

Legal Domicile

Principal Officer

AMY THOMPSON

Phone

4102130144

Tax Period

2024-09-01 to 2025-08-31

OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC, founded in 2010, is a micro nonprofit in the Education sector that reported $25K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $41K exceeded revenue, resulting in a 65% operating deficit.

Mission

CHARITABLY FORMED TO ENCOURAGE, FOSTER, AND PROMOTE THE GROWTH AND DEVELOPMENT OF THE OCEAN CITY BUSINESS COMMUNITY, THE EDUCATIONAL DEVELOPMENT OF THE WORKFORCE, THE BEAUTIFICATION AND ENVIRONMENTAL PROTECTION OF THE OCEAN CITY AREA, AND THE GROWTH AND DEVELOPMENT OF THE OCEAN CITY WORKFORCE.

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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 $2,745

Program Service Revenue $10,588

Investment Income $11,182

Other Revenue $302

TOTAL REVENUE $24,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,757

Other Expenses $41,007

TOTAL EXPENSES $41,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,817	$20,682	+0.2%
Expenses	$41,007	$56,465	-0.3%
Net Income	$-16,190	$-35,783	-0.5%

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

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
AMY THOMPSON	EXECUTIVE DI	N/A	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	$24,817	$41,007	$346,384	$-16,190
2024	$20,682	$56,465	$360,359	$-35,783
2023	$30,194	$48,029	$399,141	$-17,835
2022	$37,947	$45,576	$413,977	$-7,629
2021	$32,112	$36,094	$421,606	$-3,982
2020	$24,358	$15,577	$425,588	$8,781
2018	$34,415	$28,320	$419,339	$6,095

OCEAN CITY CHAMBER OF COMMERCE FOUNDATION INC