Ocean City Development Corporation
Ocean City, Maryland
BHealth Score
60B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
๐ฐ
$623K
Total Revenue
๐
$592K
Total Expenses
๐ฆ
$2.7M
Net Assets
๐
$651K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-4.0%
Year-over-year change (2022 โ 2023)
Net Margin
+4.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
4.60
Net assets divided by total expenses
Liabilities-to-Assets
19.3%
Total liabilities as % of total assets
Filing History
12 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $622,836โ4% | $592,129โ7% | $3,376,656 | |
| 2022 | $649,081โ12% | $552,510โ16% | $3,377,334โ3% | โ |
| 2021 | $736,384โ39% | $659,486โ37% | $3,292,286โ1% | โ |
| 2020 | $527,898โ4% | $479,870โ25% | $3,252,042โ1% | โ |
| 2019 | $550,990โ4% | $385,097โ2% | $3,205,810โ5% | โ |
| 2018 | $574,568โ16% | $393,270โ13% | $3,067,613โ59% | โ |
| 2017 | $496,169โ27% | $348,641โ15% | $1,933,855โ3% | โ |
| 2016 | $681,072โ19% | $409,334โ24% | $2,000,436โ9% | โ |
| 2015 | $573,064โ5% | $537,831โ5% | $1,829,471โ15% | โ |
| 2014 | $603,072โ13% | $510,508โ10% | $1,596,056โ6% | โ |
| 2013 | $531,801โ10% | $466,141โ16% | $1,504,131 | โ |
| 2012 | $484,440 | $403,110 | $1,497,709 | โ |
Frequently Asked Questions
What does Ocean City Development Corporation do?โผ
Ocean City Development Corporation is a arts, culture & humanities nonprofit organization based in Maryland. It is classified under NTEE code A80 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Ocean City Development Corporation financially healthy?โผ
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Ocean City Development Corporation.
How much revenue does Ocean City Development Corporation generate?โผ
Ocean City Development Corporation reports $907K in annual revenue and holds $5.2M in total assets, based on IRS filings.
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