OCEAN BEACH MERCHANT'S ASSOCIATION… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

BARBARA IACOMETTI

Phone

6192244906

Tax Period

2023-07-01 to 2024-06-30

OCEAN BEACH MERCHANT'S ASSOCIATION INC, founded in 1985, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 9% surplus.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE COMMUNITY BY PROVIDING A PLATFORM FOR AREA BUSINESSES TO DEVELOP MARKETING CAMPAIGNS, ENHANCE PUBLIC IMPROVEMENTS, AND BEAUTIFICATION PROJECTS AND AREA MAINTENANCE.

Program Service Accomplishments

Program 1

Expenses: $149,745 Revenue: $59,078

TO PROMOTE ECONOMIC DEVELOPMENT IN THE COMMUNITY BY PROVIDING A PLATFORM FOR AREA BUSINESS TO DEVELOP MARKETING CAMPAIGNS

Program 2

Expenses: $261,055 Revenue: $119,003

TO ENHANCE PUBLIC IMPROVEMENTS AND BEAUTIFICATION PROJECTS AND AREA MAINTENANCE.

Program 3

Expenses: $459,630 Revenue: $789,217

TO PROMOTE LOCAL BUSINESS BY HOSTING SPECIAL EVENTS AND PROVIDING PROGRAMS

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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 $162,286

Program Service Revenue $967,298

Investment Income $13,968

Other Revenue $0

TOTAL REVENUE $1,143,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,360

Fundraising Expenses $0

Program Expenses $870,430

Other Expenses $705,125

TOTAL EXPENSES $1,040,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,143,552	$1,037,934	+0.1%
Expenses	$1,040,485	$1,027,876	+0.0%
Net Income	$103,067	$10,058	+9.2%

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

175

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
MICHAEL AKEY	1ST VP	1.00	Officer Director	$0	$0	$0
CRAIG GERWIG	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA IACOMETTI	PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE JAWORSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT KALLA	BOARD MEMBER	1.00	Director	$0	$0	$0
RON MARCOTTE	BOARD MEMBER	1.00	Director	$0	$0	$0
CARTER MOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN MOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOELLA PEREGOY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAISY SANTANA	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWNN SILVERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE STIFANO	TREASURER	1.00	Officer Director	$0	$0	$0
CC SUMMERFIELD	2ND VP	1.00	Officer Director	$0	$0	$0
BETH WRIGHT	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$1,143,552	$1,040,485	$651,755	$103,067
2023	$1,037,934	$1,027,876	$552,625	$10,058
2022	$992,029	$853,463	$548,568	$138,566
2021	$594,889	$520,416	$424,372	$74,473
2020	$568,741	$652,015	$302,599	$-83,274
2019	$880,521	$872,514	$276,407	$8,007

OCEAN BEACH MERCHANT'S ASSOCIATION INC