OCEAN VIEW MEMORIAL FOUNDATION 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

1978

Legal Domicile

Principal Officer

LEANN MISCHEL

Phone

8434488334

Tax Period

2024-01-01 to 2024-12-31

OCEAN VIEW MEMORIAL FOUNDATION INC, founded in 1978, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $472K in total revenue in fiscal year 2024. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 40% operating margin.

Mission

EXTEND GRANTS AND SCHOLARSHIPS

Program Service Accomplishments

Program 1

Expenses: $80,000

PROVIDE SCHOLARSHIPS IN THE MYRTLE BEACH AREA ON THE BASIS OF NEED AND MERIT

Program 2

Expenses: $107,438

ASSIST ANY HEALTH CARE AND RELATED FACILITIES IN THE MYRTLE BEACH AREA WHICH WOULD QUALIFY FOR AN EXEMPTION UNDER THE PROVISIONS OF SECTION 501(C)(3), 509(A)(1) OR 509(A)(2)

Program 3

Expenses: $25,000

EDUCATIONAL GRANTS TO THE HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION

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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 $0

Program Service Revenue $0

Investment Income $471,594

Other Revenue $0

TOTAL REVENUE $471,594

Expense Breakdown

Grants Paid $212,438

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,438

Other Expenses $70,939

TOTAL EXPENSES $283,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,594	$202,462	+1.3%
Expenses	$283,377	$249,556	+0.1%
Net Income	$188,217	$-47,094	-5.0%

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

N/A

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
LEANN MISCHEL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DARLENE COLLINS	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
DR TRACEY NELSON	SECRETARY	2.00	Officer Director	$0	$0	$0
JON CRAIG HOWELL JR	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
DR GARY VUKOU	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KRAJC	DIRECTOR	2.00	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	$471,594	$283,377	$5,833,281	$188,217
2023	$202,462	$249,556	$5,769,490	$-47,094
2022	$133,658	$293,148	$5,319,000	$-159,490
2021	$439,815	$281,924	$6,506,907	$157,891
2020	$263,677	$280,548	$6,194,155	$-16,871
2019	$216,955	$272,694	$5,868,344	$-55,739
2018	$262,560	$274,807	$5,273,713	$-12,247