Ocean Mental Health Services Inc
Ocean Mental Health Services Inc shows consistent revenue growth and operational surpluses with no reported officer compensation.
EIN: 210722291 · Bayville, NJ · NTEE: F320 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.4M |
| Total Expenses | $31.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $31M |
| Net Assets | $4.7M |
| Transparency Score | 88/100 |
Is Ocean Mental Health Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Mental Health Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Mental Health Services Inc
Ocean Mental Health Services Inc (EIN: 210722291) is a nonprofit organization based in Bayville, NJ, classified under NTEE code F320. The organization reported total revenue of $31.4M and total assets of $19.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Mental Health Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Mental Health Services Inc is a large nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.4M |
| Total Expenses | $31.0M |
| Surplus / Deficit | +$369K |
| Total Assets | $19.0M |
| Total Liabilities | $14.3M |
| Net Assets | $4.7M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 75.2% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2023, Ocean Mental Health Services Inc reported a surplus of $369K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 75.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Mental Health Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | +12.1% | +12.4% |
| 2022 | +23.7% | +8.6% | +19.9% |
| 2021 | -1.0% | +2.2% | +0.4% |
| 2020 | +6.8% | +6.5% | +21.5% |
| 2019 | +7.4% | +10.2% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1963 |
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 Ocean Mental Health Services Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ocean Mental Health Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $369K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.2%.
Executive Compensation Analysis
The provided data consistently shows 0% for Officer Comp across all filings, which is unusual for an organization of this size ($31M+ revenue). This suggests that executive compensation might be reported under different categories or that the organization's leadership structure relies on non-compensated roles, which would be highly efficient.
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 Ocean Mental Health Services Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into the full 990 forms for transparency on executive pay.
Strengths
The following positive indicators were identified for Ocean Mental Health Services Inc:
- Consistent revenue growth, increasing from $23.4M in 201906 to $31.3M in 202306.
- Healthy operational surpluses in most years, such as $368,622 in 202306 ($31,352,902 revenue - $30,984,280 expenses).
- Strong asset growth, with assets increasing from $11.5M in 201906 to $19.0M in 202306.
- Positive net asset trend, indicating increasing financial reserves and capacity.
Frequently Asked Questions about Ocean Mental Health Services Inc
Is Ocean Mental Health Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Mental Health Services Inc (EIN: 210722291) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Ocean Mental Health Services Inc spend its money?
Ocean Mental Health Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocean Mental Health Services Inc tax-deductible?
Ocean Mental Health Services Inc is registered as a tax-exempt nonprofit (EIN: 210722291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ocean Mental Health Services Inc CEO make?
Ocean Mental Health Services Inc's highest-compensated officer earns $31M annually. The organization reported $31.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ocean Mental Health Services Inc's spending goes to programs?
Ocean Mental Health Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean Mental Health Services Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Ocean Mental Health Services 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 Ocean Mental Health Services Inc located?
Ocean Mental Health Services Inc is headquartered in Bayville, New Jersey and files with the IRS under EIN 210722291. It is classified under NTEE code F320.
How many years of IRS 990 filings does Ocean Mental Health Services Inc have?
Ocean Mental Health Services Inc has 13 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 $31.4M in total revenue.
How does Ocean Mental Health Services Inc manage to report 0% officer compensation?
The consistent reporting of 0% for Officer Comp across all filings is highly unusual for an organization with over $30 million in annual revenue. This could mean that executive compensation is reported under other expense categories (e.g., salaries and wages for all employees), that the highest-ranking officers are volunteers, or that the data provided is a summary and the full 990 form would contain more detail.
What is the trend in the organization's net assets?
The organization's net assets have shown a strong upward trend, growing from $2,037,528 in 201906 (Assets $11,559,893 - Liabilities $9,522,365) to $4,714,839 in 202306 (Assets $19,023,518 - Liabilities $14,308,679). This indicates healthy financial growth and accumulation of reserves.
Is the organization financially stable given its liabilities?
Yes, despite increasing liabilities, the organization's assets have grown at a faster rate, maintaining a healthy asset-to-liability ratio. For example, in 202306, assets were $19,023,518 against liabilities of $14,308,679, indicating strong solvency and financial stability.
Filing History
IRS 990 filing history for Ocean Mental Health Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Mental Health Services Inc's revenue has grown by 76.1%, moving from $17.8M to $31.4M. Total assets increased by 143.7% over the same period, from $7.8M to $19.0M. Total functional expenses rose by 76.5%, from $17.6M to $31.0M. In its most recent filing year (2023), Ocean Mental Health Services Inc reported a surplus of $369K, with revenue exceeding expenses. The organization holds $14.3M in liabilities against $19.0M in assets (debt-to-asset ratio: 75.2%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.4M | $31.0M | $19.0M | $14.3M | — | View 990 |
| 2022 | $30.6M | $27.6M | $16.9M | $12.6M | — | View 990 |
| 2021 | $24.7M | $25.5M | $14.1M | $12.7M | — | View 990 |
| 2020 | $25.0M | $24.9M | $14.0M | $11.9M | — | View 990 |
| 2019 | $23.4M | $23.4M | $11.6M | $9.5M | — | View 990 |
| 2018 | $21.8M | $21.2M | $10.4M | $8.4M | — | View 990 |
| 2017 | $21.6M | $21.3M | $9.9M | $8.5M | — | View 990 |
| 2016 | $21.0M | $20.9M | $8.9M | $7.8M | — | View 990 |
| 2015 | $21.2M | $20.9M | $8.2M | $7.2M | — | View 990 |
| 2014 | $20.5M | $20.0M | $8.4M | $8.5M | — | View 990 |
| 2013 | $19.9M | $19.7M | $8.4M | $9.5M | — | View 990 |
| 2012 | $19.1M | $19.3M | $7.5M | $9.0M | — | View 990 |
| 2011 | $17.8M | $17.6M | $7.8M | $7.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.4M, expenses of $31.0M, and assets of $19.0M (revenue +2.5% year-over-year).
- 2022: Revenue of $30.6M, expenses of $27.6M, and assets of $16.9M (revenue +23.7% year-over-year).
- 2021: Revenue of $24.7M, expenses of $25.5M, and assets of $14.1M (revenue -1.0% year-over-year).
- 2020: Revenue of $25.0M, expenses of $24.9M, and assets of $14.0M (revenue +6.8% year-over-year).
- 2019: Revenue of $23.4M, expenses of $23.4M, and assets of $11.6M (revenue +7.4% year-over-year).
- 2018: Revenue of $21.8M, expenses of $21.2M, and assets of $10.4M (revenue +0.8% year-over-year).
- 2017: Revenue of $21.6M, expenses of $21.3M, and assets of $9.9M (revenue +2.8% year-over-year).
- 2016: Revenue of $21.0M, expenses of $20.9M, and assets of $8.9M (revenue -0.6% year-over-year).
- 2015: Revenue of $21.2M, expenses of $20.9M, and assets of $8.2M (revenue +3.5% year-over-year).
- 2014: Revenue of $20.5M, expenses of $20.0M, and assets of $8.4M (revenue +3.0% year-over-year).
- 2013: Revenue of $19.9M, expenses of $19.7M, and assets of $8.4M (revenue +3.8% year-over-year).
- 2012: Revenue of $19.1M, expenses of $19.3M, and assets of $7.5M (revenue +7.5% year-over-year).
- 2011: Revenue of $17.8M, expenses of $17.6M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Mental Health Services Inc:
Data Sources and Methodology
This transparency report for Ocean Mental Health Services 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.