OCEAN PINES ASSOCIATION INC

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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

1968

Legal Domicile

Principal Officer

JOHN VIOLA

Phone

4106417717

Tax Period

2024-05-01 to 2025-04-30

OCEAN PINES ASSOCIATION INC, founded in 1968, is a mid-sized nonprofit that reported $19.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $18.0M left a modest 9% surplus.

Mission

PROVIDE THE GOVERNANCE, ADMINISTRATION, FACILITIES, SERVICES, AND AMENITIES THAT ARE NECESSARY TO MAKING OCEAN PINES AN ATTRACTIVE, AFFORDABLE, SAFE, AND ENJOYABLE PLACE TO LIVE AND WORK.

Program Service Accomplishments

Program 1

Expenses: $2,363,527 Revenue: $2,161,753

YACHT CLUB

Program 2

Expenses: $2,381,930 Revenue: $672,797

POLICE DEPARTMENT

Program 3

Expenses: $2,030,420 Revenue: $150,797

PUBLIC WORKS

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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 $140,116

Program Service Revenue $14,662,285

Investment Income $712,232

Other Revenue $4,280,562

TOTAL REVENUE $19,795,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,521,221

Fundraising Expenses $0

Program Expenses $15,603,150

Other Expenses $9,493,505

TOTAL EXPENSES $18,014,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,795,195	$18,135,679	+0.1%
Expenses	$18,014,726	$17,695,661	+0.0%
Net Income	$1,780,469	$440,018	+3.0%

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

242

Volunteers

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

$16,790

Total Directors

$21,455

Key Employees

$303,180

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD FARR	DIRECTOR/VICE PRESIDENT	20.00	Officer Director	$0	$720	$720
STEVE JACOBS	DIRECTOR	10.00	Director	$0	$0	$0
STUART LAKERNICK	DIRECTOR/PRESIDENT	20.00	Officer Director	$0	$6,235	$6,235
MONICA RAKOWSKI	DIRECTOR/TREASURER	20.00	Officer Director	$0	$3,545	$3,545
ELAINE BRADY	DIRECTOR	10.00	Director	$0	$630	$630
JEFF HEAVNER	DIRECTOR	10.00	Director	$0	$4,035	$4,035
JOHN LATHAM	DIRECTOR/SECRETARY	10.00	Officer Director	$0	$6,290	$6,290
NANCY BANDIERE	DIRECTOR	10.00	Director	$0	$0	$0
COLETTE HORN	DIRECTOR	10.00	Director	$0	$0	$0
DOUG PARKS	DIRECTOR	10.00	Director	$0	$0	$0
JOHN VIOLA	GENERAL MANAGER	40.00	Key Emp	$299,949	$3,231	$303,180
STEPHEN PHILLIPS	DIRECTOR OF FINANCE	40.00	Highest	$128,808	$27,134	$155,942
JOSEPH BAILEY	LIEUTENANT	40.00	Highest	$118,678	$48,134	$166,812
TIMOTHY ROBINSON	POLICE CHIEF	40.00	Highest	$116,241	$18,049	$134,290
GREG SCHOEPF	LIEUTENANT	40.00	Highest	$168,759	$52,551	$221,310
JAMES BRASURE	CORPORAL	40.00	Highest	$109,777	$41,521	$151,298

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	$19,795,195	$18,014,726	$47,847,061	$1,780,469
2024	$18,135,679	$17,695,661	$46,960,789	$440,018
2023	$17,270,464	$17,075,233	$45,885,950	$195,231
2022	$18,056,839	$16,606,273	$44,855,857	$1,450,566
2021	$16,884,049	$15,577,896	$43,326,247	$1,306,153
2020	$15,566,854	$15,656,313	$42,355,133	$-89,459
2019	$15,473,449	$14,591,441	$41,420,275	$882,008
2018	$14,249,048	$13,829,447	$40,635,352	$419,601