Ocean Drive Improvement Assoc Inc (EIN 650705209) - 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

2001

Legal Domicile

Phone

3057738094

Tax Period

2025-01-01 to 2025-12-31

Ocean Drive Improvement Assoc Inc, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $433K in total revenue in fiscal year 2025. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $597K exceeded revenue, resulting in a 38% operating deficit.

Mission

Promote Safety, sanitation,create desirable tourist environment

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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 (2025)

Revenue Breakdown

Contributions & Grants $432,507

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $432,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $597,015

Other Expenses $597,015

TOTAL EXPENSES $597,015

Year-over-Year Comparison

	2025	2024	Change
Revenue	$432,507	$629,075	-0.3%
Expenses	$597,015	$496,775	+0.2%
Net Income	$-164,508	$132,300	-2.2%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLO COURTNEY	Director	5.00	Director	$0	$0	$0
David Wallack	Director	5.00	Director	$0	$0	$0
Al Feola	Director	5.00	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	$432,507	$597,015	$208,121	$-164,508
2024	$629,075	$496,775	$372,629	$132,300
2023	$580,539	$454,546	$240,329	$125,993
2022	$378,745	$345,554	$116,336	$33,191
2021	$195,602	$134,868	$83,145	$60,734
2020	$131,590	$198,670	$22,228	$-67,080
2019	$354,799	$394,061	$89,308	$-39,262
2018	$393,502	$401,986	$133,831	$-8,484

Ocean Drive Improvement Assoc Inc