OCEAN CITY MUSEUM SOCIETY INC

EIN: 521148499 501(c)(3) Arts, Culture & Humanities

OCEAN CITY, MD

Total Revenue
$431,225
Total Expenses
$351,291
Total Assets
$1,297,071
Net Assets
$1,296,837
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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
1978
Legal Domicile
MD
Principal Officer
MICHAEL MAYKRANTZ
Phone
4102894991
Tax Period
2024-07-01 to 2025-06-30

OCEAN CITY MUSEUM SOCIETY INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $431K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $80K, a strong 19% operating margin.

Mission

MUSEUM OPERATIONS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $438,317
Program Service Revenue $25,374
Investment Income $8,505
Other Revenue $-40,971
TOTAL REVENUE $431,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,766
Fundraising Expenses $0
Program Expenses $348,191
Other Expenses $168,525
TOTAL EXPENSES $351,291

Year-over-Year Comparison

2024 2023 Change
Revenue $431,225 $670,070 -0.4%
Expenses $351,291 $299,222 +0.2%
Net Income $79,934 $370,848 -0.8%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
18

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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY ADELINE BRADFORD DIRECTOR N/A
Director
$0 $0 $0
ANNA DOLLE BUSHNELL DIRECTOR N/A
Director
$0 $0 $0
JOHN FAGER DIRECTOR N/A
Director
$0 $0 $0
LEE GERACHIS DIRECTOR N/A
Director
$0 $0 $0
JOANNE GUILFOIL SECRETARY N/A
Officer Director
$0 $0 $0
ALFRED HARRISON DIRECTOR N/A
Director
$0 $0 $0
JOSEPH KURTZ DIRECTOR N/A
Director
$0 $0 $0
JOHN LYNCH DIRECTOR N/A
Director
$0 $0 $0
HUNTER BUNK MANN DIRECTOR N/A
Director
$0 $0 $0
MICHAEL MAYKRANTZ PRESIDENT N/A
Officer Director
$0 $0 $0
JOSEPH MOORE BOARD ATTORN N/A
Director
$0 $0 $0
SHIRLEY MORAN DIRECTOR N/A
Director
$0 $0 $0
LARRY NOCCOLINO CITY REP N/A
Director
$0 $0 $0
MABEL ROGERS VICE-PRESIDE N/A
Officer Director
$0 $0 $0
BOB ROTHERMEL DIRECTOR N/A
Director
$0 $0 $0
STEPHANIE SHOCKLEY TREASURER N/A
Officer Director
$0 $0 $0
ADAM SHOWELL DIRECTOR N/A
Director
$0 $0 $0
REID TINGLE 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 $431,225 $351,291 $1,297,071 $79,934
2024 $670,070 $299,222 $1,217,100 $370,848
2023 $329,824 $275,518 $846,653 $54,306
2022 $248,723 $227,326 $792,062 $21,397
2021 $349,097 $209,446 $770,665 $139,651
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