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
💰
$623K
Total Revenue
📊
$592K
Total Expenses
🏦
$2.7M
Net Assets
📋
$651K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-4.0%
Year-over-year change (2022 → 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 | $622,836↓4% | $592,129↑7% | $3,376,656 | |
| 2022 | $649,081↓12% | $552,510↓16% | $3,377,334↑3% | — |
| 2021 | $736,384↑39% | $659,486↑37% | $3,292,286↑1% | — |
| 2020 | $527,898↓4% | $479,870↑25% | $3,252,042↑1% | — |
| 2019 | $550,990↓4% | $385,097↓2% | $3,205,810↑5% | — |
| 2018 | $574,568↑16% | $393,270↑13% | $3,067,613↑59% | — |
| 2017 | $496,169↓27% | $348,641↓15% | $1,933,855↓3% | — |
| 2016 | $681,072↑19% | $409,334↓24% | $2,000,436↑9% | — |
| 2015 | $573,064↓5% | $537,831↑5% | $1,829,471↑15% | — |
| 2014 | $603,072↑13% | $510,508↑10% | $1,596,056↑6% | — |
| 2013 | $531,801↑10% | $466,141↑16% | $1,504,131 | — |
| 2012 | $484,440 | $403,110 | $1,497,709 | — |
Frequently Asked Questions
What does Ocean City Development Corporation do?▼
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?▼
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?▼
Ocean City Development Corporation reports $907K in annual revenue and holds $5.2M in total assets, based on IRS filings.
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