Ocean Bay Community Development Corp (EIN 841622031) - 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

2003

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Ocean Bay Community Development Corp, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

Revitalize the Community. Provides a source of services to promote the social economic well being of persons in the community of Ocean Bay.

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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 $1,831,989

Program Service Revenue $0

Investment Income $4,401

Other Revenue $0

TOTAL REVENUE $1,836,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $964,033

Fundraising Expenses $0

Program Expenses $1,540,722

Other Expenses $846,717

TOTAL EXPENSES $1,810,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,836,390	$1,135,236	+0.6%
Expenses	$1,810,750	$868,974	+1.1%
Net Income	$25,640	$266,262	-0.9%

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

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ebony Beaty	Executive Director	35.00	Officer	$90,000	$0	$90,000
Bernadette Luina	Board Chair	5.00	Director	$0	$0	$0
Valerie Cole-Davis	Member	2.00	Director	$0	$0	$0
Ann Howard	Vice Chair	2.00	Director	$0	$0	$0
Patsy Simmons	Treasurer	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,836,390	$1,810,750	$893,897	$25,640
2022	$1,135,236	$868,974	$528,114	$266,262
2021	$578,701	$552,880	$156,843	$25,821

Ocean Bay Community Development Corp