OCEAN CITY MD CHAMBER OF COMMERCE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

AMY THOMPSON

Phone

4102130144

Tax Period

2023-09-01 to 2024-08-31

OCEAN CITY MD CHAMBER OF COMMERCE, founded in 1953, is a small nonprofit that reported $708K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $854K exceeded revenue, resulting in a 21% operating deficit.

Mission

PROMOTE OCEAN CITY, MARYLAND COMMERCE

Program Service Accomplishments

Program 1

Expenses: $541,952

CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF BUSINESS, EDUCATING THE BUSINESS COMMUNITY AND REPRESENTING THEM ON CITY, COUNTY, STATE AND NATIONAL LEGISLATIVE AND POLITICAL...

CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF BUSINESS, EDUCATING THE BUSINESS COMMUNITY AND REPRESENTING THEM ON CITY, COUNTY, STATE AND NATIONAL LEGISLATIVE AND POLITICAL AFFAIRS, PREVENTING OR ADDDRESSING CONTROVERSIES WHICH ARE DETRIMENTAL TO EXPANSION AND GROWTH OF BUSINESS AND COMMUNITY, PROMOTING BUSINESS AND COMMUNITY GROWTH AND INCOME POTENTIAL, AND STRIVING TO MAKE THE GREATER OCEAN CITY, MARYLAND AREA, A BETTER PLACE IN WHICH TO LIVE, WORK AND DO BUSINESS.

Program 2

SUPPORT OCEAN CITY CHAMBER OF COMMERCE FOUNDATION, INC. A 501(C)(3) ORGANIZATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $237,601

Program Service Revenue $288,822

Investment Income $839

Other Revenue $180,393

TOTAL REVENUE $707,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $446,852

Fundraising Expenses $0

Program Expenses $615,132

Other Expenses $407,055

TOTAL EXPENSES $853,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$707,655	$756,083	-0.1%
Expenses	$853,907	$842,019	+0.0%
Net Income	$-146,252	$-85,936	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONI KEISER	DIRECTOR	N/A	Director	$0	$0	$0
BOB THOMPSON	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
PHILLIP CHEUNG	CHAIR	N/A	Officer Director	$0	$0	$0
STEVE PASTUSAK	CHAIR-ELECT	N/A	Officer Director	$0	$0	$0
BOBBI JONES	DIRECTOR	N/A	Director	$0	$0	$0
JOE WILSON	DIRECTOR	N/A	Director	$0	$0	$0
SAL FASANO	TREASURER	N/A	Officer Director	$0	$0	$0
ASHLEY HARRISON	DIRECTOR	N/A	Director	$0	$0	$0
GARY FIGGS	DIRECTOR	N/A	Director	$0	$0	$0
JOE MAGNOLIA	SECRETARY	N/A	Officer Director	$0	$0	$0
TRISHA SEITZ	DIRECTOR	N/A	Director	$0	$0	$0
JOE GROVES	DIRECTOR	N/A	Director	$0	$0	$0
ELAINE DAVIDSON	DIRECTOR	N/A	Director	$0	$0	$0
BILLY APOSTOLOU	DIRECTOR	N/A	Director	$0	$0	$0
LYNDSEY ODACHOWSKI	DIRECTOR	N/A	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	$707,655	$853,907	$973,883	$-146,252
2023	$756,083	$842,019	$1,160,457	$-85,936
2022	$646,787	$818,747	$1,239,829	$-171,960
2021	$604,749	$663,595	$1,513,345	$-58,846
2020	$760,938	$741,567	$1,603,866	$19,371
2019	$932,346	$813,409	$1,700,963	$118,937
2018	$924,711	$813,575	$1,575,763	$111,136