BLUE OCEAN FAITH (EIN 810857897) - 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

2015

Legal Domicile

Principal Officer

SEI WEI ONG

Phone

7813561603

Tax Period

2023-01-01 to 2023-12-31

BLUE OCEAN FAITH, founded in 2015, is a small nonprofit in the Religion sector that reported $153K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $184K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO FOSTER CONNECTIONS BETWEEN GOD, OURSELVES, AND THE WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $152,728

Program Service Revenue $0

Investment Income $34

Other Revenue $-7

TOTAL REVENUE $152,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,093

Fundraising Expenses $17,906

Program Expenses $134,290

Other Expenses $15,903

TOTAL EXPENSES $183,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,755	$175,715	-0.1%
Expenses	$183,996	$213,698	-0.1%
Net Income	$-31,241	$-37,983	-0.2%

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

Independent Members

Employees

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

$124,669

Total Directors

$124,669

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCHMELZER	EXECUTIVE DIRECTOR	40.00	Officer Director	$105,397	$19,272	$124,669
MARK SHEPARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
SEI WEI ONG	TREASURER	2.00	Officer Director	$0	$0	$0
KRISTINA KAISER	SECRETARY	2.00	Officer Director	$0	$0	$0
KIRSTY PAXTON	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
2023	$152,755	$183,996	$75,253	$-31,241
2022	$175,715	$213,698	$105,994	$-37,983
2021	$275,177	$208,842	$143,977	$66,335
2020	$210,040	$200,728	$77,385	$9,312
2019	$178,820	$203,238	$67,498	$-24,418
2018	$216,363	$225,019	$88,149	$-8,656

BLUE OCEAN FAITH