Is Ocean Carrier Equipment Management Association Inc Legit?
Quick charity verification for Ocean Carrier Equipment Management Association Inc (EIN: 202563404)
Verdict: Ocean Carrier Equipment Management Association Inc appears trustworthy
92/100Mission Score
$660KRevenue
$684KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent reporting of zero liabilities across all filings, indicating strong financial management.
No reported officer compensation, suggesting high efficiency and potentially volunteer leadership.
Healthy asset base relative to annual revenue, providing financial stability (e.g., $617,537 assets vs. $719,321 revenue in 2023).
Positive net income in recent years (e.g., $127,142 in 2023), contributing to asset growth.
Long and consistent IRS 990 filing history (14 filings), demonstrating transparency.
Spending Breakdown
How Ocean Carrier Equipment Management Association Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ocean Carrier Equipment Management Association Inc
Is Ocean Carrier Equipment Management Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Carrier Equipment Management Association Inc (EIN: 202563404) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Ocean Carrier Equipment Management Association Inc a good charity to donate to?
Ocean Carrier Equipment Management Association Inc has a Mission Score of 92/100. Revenue: $660K. Assets: $684K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ocean Carrier Equipment Management Association Inc?
The Employer Identification Number (EIN) for Ocean Carrier Equipment Management Association Inc is 202563404. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ocean Carrier Equipment Management Association Inc spend its money?
Ocean Carrier Equipment Management Association Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ocean Carrier Equipment Management Association Inc's tax-exempt status?
You can verify Ocean Carrier Equipment Management Association Inc's tax-exempt status using EIN 202563404 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Ocean Carrier Equipment Management Association Inc. (OCEMA) demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. For instance, in 2023, it reported assets of $617,537 against revenues of $719,321. The organization consistently reports zero liabilities, indicating a strong balance sheet and prudent financial management. OCEMA's spending efficiency appears robust, as evidenced by its program spending, which is the primary focus given its operational nature. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can contribute to lower administrative overhead and higher program efficiency. The organization's consistent filing history over 14 periods further indicates a commitment to transparency.