Ocean Arts Theatricals Inc

EIN: 882811315 501(c)(3) Arts, Culture & Humanities

Mastic Beach, NY

Total Revenue
$62,685
Total Expenses
$28,675
Total Assets
$34,010
Net Assets
$34,010
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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
2022
Legal Domicile
NY
Principal Officer
Kathi Bertos
Phone
6319878459
Tax Period
2022-01-01 to 2022-12-31

Ocean Arts Theatricals Inc, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $63K in total revenue in fiscal year 2022. The organization ran a surplus of $34K, a strong 54% operating margin.

Mission

Providing and encouraging opportunities in art, music and theater for people of all ages and abilities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $27,097
Program Service Revenue $35,588
Investment Income $0
Other Revenue $0
TOTAL REVENUE $62,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,736
Other Expenses $28,675
TOTAL EXPENSES $28,675

Year-over-Year Comparison

2022 2021 Change
Revenue $62,685 N/A N/A
Expenses $28,675 N/A N/A
Net Income $34,010 N/A N/A
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
N/A
Employees
N/A
Volunteers
10

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathi Bertos Treasurer 30.00
Officer Director
$0 $0 $0
Monique Kincaid President 30.00
Director
$0 $0 $0
Jessica Martin Director 30.00
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
2022 $62,685 $28,675 $34,010 $34,010
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