Ocean Fest 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

2021

Legal Domicile

Principal Officer

Mark Anders

Tax Period

2023-01-01 to 2023-12-31

Ocean Fest Inc, founded in 2021, is a small nonprofit in the Environment sector that reported $196K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 39% operating margin.

Mission

Fundraising and education to protect the ocean and marine environments.

Program Service Accomplishments

Program 1

Expenses: $67,700

Awarded thirteen grants to nonprofits that are working to protect our precious marine environments.

Program 2

Expenses: $33,864

Presented large festival that includes outreach and education with approximately 10,000 in attendance.

Program 3

Expenses: $3,762

Presented small pop up outreach and educational events in the community with hundreds in attendance.

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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 $159,027

Program Service Revenue $0

Investment Income $0

Other Revenue $36,939

TOTAL REVENUE $195,966

Expense Breakdown

Grants Paid $67,700

Salaries & Benefits $22,917

Fundraising Expenses $3,438

Program Expenses $105,326

Other Expenses $28,738

TOTAL EXPENSES $119,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$195,966	$144,952	+0.4%
Expenses	$119,355	$32,574	+2.7%
Net Income	$76,611	$112,378	-0.3%

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

300

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

$22,917

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jody Fletcher	Event Operations Manager	20.00	Director	$22,917	$0	$22,917
Cody Leutgens	Director	1.00	Director	$0	$0	$0
Josh Kendrick	Director	1.00	Director	$0	$0	$0
Penn Newhard	Director	1.00	Director	$0	$0	$0
Cory Sydes	Director	3.00	Director	$0	$0	$0
Mark Anders	Chairman	15.00	Officer Director	$0	$0	$0
Ilene Anders	Corp Dev Director Secretary	10.00	Officer 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	$195,966	$119,355	$208,705	$76,611
2022	$144,952	$32,574	$132,094	$112,378