OCEAN BREEZE SCHOOL INC

EIN: 842910275 501(c)(3) Education

MARBLEHEAD, MA

Total Revenue
$565,580
Total Expenses
$541,479
Total Assets
$135,941
Net Assets
$135,941
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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
2021
Legal Domicile
MA
Principal Officer
KASANDRA CORREALE
Phone
7816057611
Tax Period
2024-07-01 to 2025-06-30

OCEAN BREEZE SCHOOL INC, founded in 2021, is a small nonprofit in the Education sector that reported $566K in total revenue in fiscal year 2024. Expenses of $541K left a modest 4% surplus.

Mission

THE EDUCATION OF CHILDREN FOR AGES RANGING FROM 8 MONTHS TO 5 YEARS OF AGE.

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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 $41,228
Program Service Revenue $521,011
Investment Income $0
Other Revenue $3,341
TOTAL REVENUE $565,580

Expense Breakdown

Grants Paid $0
Salaries & Benefits $412,916
Fundraising Expenses $0
Program Expenses $439,683
Other Expenses $128,563
TOTAL EXPENSES $541,479

Year-over-Year Comparison

2024 2023 Change
Revenue $565,580 $588,589 0.0%
Expenses $541,479 $513,244 +0.1%
Net Income $24,101 $75,345 -0.7%
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
3
Independent Members
1
Employees
11
Volunteers
1

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
1
$81,552
Total Directors
2
$81,552
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KASANDRA CORREALE VICE PRESIDENT 40.00
Officer Director
$81,552 $0 $81,552
SCHUYLER DEPAUW DIRECTOR 0.00
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 $565,580 $541,479 $135,941 $24,101
2024 $588,589 $513,244 $128,057 $75,345
2023 $410,468 $402,067 $52,712 $8,401
2022 $457,988 $434,096 $44,311 $23,892
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