Ocean Tides Inc
Nonprofit profile at a glance
- EIN
- 050366306
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Narragansett, RI, USA
- Phone
- 4017891016
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Group Homes
Reported finances
- Revenue
- $6,389,853
- Expenses
- $6,208,178
- Assets
- $6,054,844
- Liabilities
- $1,216,299
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- BRIAN SULLIVAN (PRESIDENT)
Highest reported compensation
- BRIAN SULLIVAN (PRESIDENT): $156,190 total reported compensation
- ELIZABETH IOVINO (DIR. OF FINA): $116,335 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help at-risk boys through a school and residential program tailored to the individual. We believe each individual that comes to us is worthy of our respect, needful of our care, and capable of success through everyday experiences and interactions in a highly structured program.
What it reported doing in 2025
Ocean tides offers residential services for at-risk boys. The residential program is broken down into three components: group living, extensions, and social services. The role of the group living ccomponent in the total treatment plan is one that assures responsibility for the everyday living of the youngsters in the narragansett facility. There is an attempt to create a warm atmosphere where youngsters will grow physically, emotionally, and spiritually; this is an atmosphere created on the basis of concern, responsibility and trust. The extensions provide a youngster with the opportunity to return to the community, while still a part of the ocean tides program. The social services component of the program is responsible for providing services for the youngsters and their families in the entire ocean tides program. The social services department established regular contact with the youngsters and their families, providing for counseling services, support systems and other needs which might be apparent in an individual situation.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- 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 - A large share of available resources goes toward mission work and most voting board members are independent. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.7%; rating input score 84
- Program expense ratio: 87.3%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.8%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 1.8% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 83.7% of revenue deployed · 87.3% of spending went to programs
- Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $5.4M in reported program spending
- Leadership: top reported pay $156K · 18 people listed · 1 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 11 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
- Moderate — Sustainability: Operating margin scored 36/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.