Exchange Club of Ocean City
Nonprofit profile at a glance
- EIN
- 226081226
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990 2012, Form 990-EZ 2024
- Location
- Ocean City, NJ, USA
- Phone
- 8566738363
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $84,586
- Expenses
- $53,807
- Assets
- $351,841
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- KEVIN KELLEHER (President)
- FRANK FAVERZANI (PRESIDENT ELECT)
- CHARLIE ALLEN (PAS PRESIDENT)
People named in this filing
- THERESA MAINA (Secretary)
- DAVID OPPENHEIMER (Treasurer)
- KEVIN KELLEHER (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide fellowship and exchange of ideas for raising monies to support prevention of child abuse, scholarship and other charitable causes. Provide scholarships to ocean city high school students and other eligible participants.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 82
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50%; rating input score 50
- Program expense ratio: 78.5%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 36.4%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 6.54; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.4% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 50% of revenue deployed · 78.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $42K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.