OCEAN AVENUE ASSOCIATION (EIN 452283944) - 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

2011

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

OCEAN AVENUE ASSOCIATION, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $557K in total revenue in fiscal year 2022. Expenses of $515K left a modest 8% surplus.

Mission

OAA was created for the charitable purpose of advancing the common good, general welfare, and quality of life for all residents and visitors by enhancing environmental quality and beauty in and around the District and by reinforcing the cultural heritage...(O)

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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 (2022)

Revenue Breakdown

Contributions & Grants $200,672

Program Service Revenue $356,464

Investment Income $0

Other Revenue $0

TOTAL REVENUE $557,136

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $190,345

Fundraising Expenses $0

Program Expenses $376,524

Other Expenses $314,419

TOTAL EXPENSES $515,264

Year-over-Year Comparison

	2022	2021	Change
Revenue	$557,136	$541,581	+0.0%
Expenses	$515,264	$527,797	0.0%
Net Income	$41,872	$13,784	+2.0%

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

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

$8,325

Total Directors

$8,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Howard Chung	Secretary	1.00	Officer Director	$8,325	$0	$8,325
Larry Dorsey	Board Member	1.00	Director	$0	$0	$0
Ravi Lau	Board Member	1.00	Director	$0	$0	$0
Raymond Hou	Board Member	1.00	Director	$0	$0	$0
Henry Kevane	Board Member	1.00	Director	$0	$0	$0
Walee Gon	Board Member	1.00	Director	$0	$0	$0
Alberto Vazquez	Board Member	1.00	Director	$0	$0	$0
Shirley Lima	Chair	1.00	Officer Director	$0	$0	$0
Vivian Liang	Vice-Chair	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$557,136	$515,264	$427,725	$41,872
2022	$541,581	$527,797	$274,463	$13,784
2021	$440,154	$386,754	$233,401	$53,400
2020	$441,163	$395,364	$234,893	$45,799
2019	$380,516	$492,758	$149,075	$-112,242
2018	$429,511	$443,369	$252,244	$-13,858

OCEAN AVENUE ASSOCIATION