Counseling And Referral Services Of Ocean Inc
Counseling And Referral Services Of Ocean Inc: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 222497177 · Brick, NJ · NTEE: F320 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $988K |
| Total Expenses | $1.1M |
| Program Spending | 60% |
| Net Assets | $238K |
| Transparency Score | 65/100 |
Is Counseling And Referral Services Of Ocean Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Counseling And Referral Services Of Ocean Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Counseling And Referral Services Of Ocean Inc
Counseling And Referral Services Of Ocean Inc (EIN: 222497177) is a nonprofit organization based in Brick, NJ, classified under NTEE code F320. The organization reported total revenue of $988K and total assets of $804K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Counseling And Referral Services Of Ocean Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Counseling And Referral Services Of Ocean Inc is a small nonprofit that has been operating for 39 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $988K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-80,728 |
| Total Assets | $804K |
| Total Liabilities | $566K |
| Net Assets | $238K |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 70.4% |
| Months of Reserves | 9.0 months |
Financial Health Grade: C
In 2020, Counseling And Referral Services Of Ocean Inc reported a deficit of $81K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 70.4% (high leverage).
Financial Trends
Over 9 years of filings (2012–2020), Counseling And Referral Services Of Ocean Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -20.4% | -12.3% | +8.0% |
| 2019 | -8.5% | -7.9% | -7.8% |
| 2018 | -7.1% | -9.6% | -5.5% |
| 2017 | +6.6% | +7.7% | -3.8% |
| 2016 | +21.1% | -2.4% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Counseling And Referral Services Of Ocean Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Counseling And Referral Services Of Ocean Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.4%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation data, as the provided filings only detail revenue, expenses, assets, and liabilities, and show 'c0%' for compensation, which is likely a placeholder or indicates no specific compensation data was provided in this summary.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Counseling And Referral Services Of Ocean Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years.
- Significant decline in revenue over the past eight years, suggesting potential sustainability issues.
- High administrative costs relative to program spending, based on general nonprofit benchmarks (estimated 30% admin).
- Lack of detailed executive compensation information in the provided data.
Strengths
The following positive indicators were identified for Counseling And Referral Services Of Ocean Inc:
- Maintains a positive asset-to-liability ratio, indicating some financial stability despite deficits.
- Long operational history (data back to 2013) suggests established community presence.
Frequently Asked Questions about Counseling And Referral Services Of Ocean Inc
Is Counseling And Referral Services Of Ocean Inc a legitimate charity?
Counseling And Referral Services Of Ocean Inc (EIN: 222497177) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $988K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Counseling And Referral Services Of Ocean Inc spend its money?
Counseling And Referral Services Of Ocean Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Counseling And Referral Services Of Ocean Inc tax-deductible?
Counseling And Referral Services Of Ocean Inc is registered as a tax-exempt nonprofit (EIN: 222497177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Counseling And Referral Services Of Ocean Inc's spending goes to programs?
Counseling And Referral Services Of Ocean Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Counseling And Referral Services Of Ocean Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Counseling And Referral Services Of Ocean Inc is above average for NTEE category F320 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Counseling And Referral Services Of Ocean Inc located?
Counseling And Referral Services Of Ocean Inc is headquartered in Brick, New Jersey and files with the IRS under EIN 222497177. It is classified under NTEE code F320.
How many years of IRS 990 filings does Counseling And Referral Services Of Ocean Inc have?
Counseling And Referral Services Of Ocean Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $988K in total revenue.
What does Counseling And Referral Services Of Ocean Inc do?
Counseling And Referral Services Of Ocean Inc is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in Brick, New Jersey. It is classified under NTEE code F320.
How much revenue does Counseling And Referral Services Of Ocean Inc have?
Counseling And Referral Services Of Ocean Inc reported total revenue of $988,332. Based on 9 IRS 990 filings on record.
What are Counseling And Referral Services Of Ocean Inc's total assets?
Counseling And Referral Services Of Ocean Inc holds total assets of $804,207 as reported in IRS 990 filings.
Where is Counseling And Referral Services Of Ocean Inc located?
Counseling And Referral Services Of Ocean Inc is based in Brick, New Jersey.
What is Counseling And Referral Services Of Ocean Inc's EIN?
Counseling And Referral Services Of Ocean Inc's Employer Identification Number (EIN) is 222497177. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Counseling And Referral Services Of Ocean Inc?
Counseling And Referral Services Of Ocean Inc is classified under NTEE code F320 (Mental Health & Crisis Intervention).
Is Counseling And Referral Services Of Ocean Inc a registered 501(c)(3)?
Yes, Counseling And Referral Services Of Ocean Inc is recognized as a tax-exempt organization by the IRS. EIN: 222497177.
Does Counseling And Referral Services Of Ocean Inc file IRS Form 990?
Yes, Counseling And Referral Services Of Ocean Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202006.
What was Counseling And Referral Services Of Ocean Inc's revenue in 2020?
In the 202006 filing period, Counseling And Referral Services Of Ocean Inc reported total revenue of $988,332, total expenses of $1,069,060, and net assets of $804,207.
Is Counseling And Referral Services Of Ocean Inc's revenue growing or declining?
Counseling And Referral Services Of Ocean Inc's revenue is declining. Revenue went from $1,241,282 (201906) to $988,332 (202006), a -20.4% change. Based on 9 filings on record.
What is Counseling And Referral Services Of Ocean Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Counseling And Referral Services Of Ocean Inc covers tax period 202006. It shows revenue of $988,332, expenses of $1,069,060, total assets of $804,207, and liabilities of $566,026.
How much does Counseling And Referral Services Of Ocean Inc spend on programs vs administration?
Based on IRS 990 analysis, Counseling And Referral Services Of Ocean Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Counseling And Referral Services Of Ocean Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Counseling And Referral Services Of Ocean Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Counseling And Referral Services Of Ocean Inc?
The following concerns were identified: Consistent operational deficits (expenses exceeding revenue) across multiple years.. Significant decline in revenue over the past eight years, suggesting potential sustainability issues.. High administrative costs relative to program spending, based on general nonprofit benchmarks (estimated 30% admin).. Lack of detailed executive compensation information in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Counseling And Referral Services Of Ocean Inc's strengths?
Positive indicators for Counseling And Referral Services Of Ocean Inc include: Maintains a positive asset-to-liability ratio, indicating some financial stability despite deficits.. Long operational history (data back to 2013) suggests established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Counseling And Referral Services Of Ocean Inc compensate executives?
Executive compensation cannot be assessed without specific compensation data, as the provided filings only detail revenue, expenses, assets, and liabilities, and show 'c0%' for compensation, which is likely a placeholder or indicates no specific compensation data was provided in this summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue and operational deficits, what strategies are being implemented to ensure the long-term financial viability and sustainability of Counseling And Referral Services Of Ocean Inc?
Without further information, it's unclear what specific strategies are in place. The trend suggests a need for a comprehensive financial restructuring or a significant shift in fundraising and program delivery models to reverse the decline and achieve financial stability.
How does the organization plan to address the apparent high administrative costs and increase the proportion of spending directly on programs to better serve its mission?
To improve efficiency, the organization would need to analyze its administrative overhead, identify areas for cost reduction, and potentially reallocate resources to program services. This might involve streamlining operations or seeking more efficient ways to deliver support functions.
Filing History
IRS 990 filing history for Counseling And Referral Services Of Ocean Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Counseling And Referral Services Of Ocean Inc's revenue has declined by 35.7%, moving from $1.5M to $988K. Total assets decreased by 52.3% over the same period, from $1.7M to $804K. Total functional expenses fell by 26.1%, from $1.4M to $1.1M. In its most recent filing year (2020), Counseling And Referral Services Of Ocean Inc reported a deficit of $81K, with expenses exceeding revenue. The organization holds $566K in liabilities against $804K in assets (debt-to-asset ratio: 70.4%), resulting in net assets of $238K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $988K | $1.1M | $804K | $566K | — | View 990 |
| 2019 | $1.2M | $1.2M | $745K | $426K | — | View 990 |
| 2018 | $1.4M | $1.3M | $808K | $511K | — | View 990 |
| 2017 | $1.5M | $1.5M | $855K | $592K | — | — |
| 2016 | $1.4M | $1.4M | $889K | $621K | — | View 990 |
| 2015 | $1.1M | $1.4M | $872K | $614K | — | View 990 |
| 2014 | $1.3M | $1.6M | $1.1M | $618K | — | View 990 |
| 2013 | $1.4M | $1.7M | $1.4M | $611K | — | View 990 |
| 2012 | $1.5M | $1.4M | $1.7M | $609K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $988K, expenses of $1.1M, and assets of $804K (revenue -20.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $745K (revenue -8.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $808K (revenue -7.1% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $855K (revenue +6.6% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $889K (revenue +21.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.4M, and assets of $872K (revenue -11.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.6M, and assets of $1.1M (revenue -11.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.7M, and assets of $1.4M (revenue -6.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Counseling And Referral Services Of Ocean Inc:
Data Sources and Methodology
This transparency report for Counseling And Referral Services Of Ocean Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.