SEA EDUCATION ASSOCIATION INC (EIN 042702102) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

RICHARD HOPPER

Phone

5085403954

Tax Period

2024-07-01 to 2025-06-30

SEA EDUCATION ASSOCIATION INC, founded in 1971, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $9.6M exceeded revenue, resulting in a 66% operating deficit.

Mission

SEA EDUCATION (SEA) IS AN INTERNATIONALLY RECOGNIZED LEADER IN OCEAN EDUCATION, LOCATED IN WOODS HOLE, MASSACHUSETTS. SEA PROVIDES UNDERGRADUATE, GAP, AND HIGH SCHOOL STUDENTS WITH THE OPPORTUNITY TO STUDY OCEAN SCIENCES AND BLUE HUMANITIES THROUGH IMMERSIVE EXPERIENCES IN WOODS HOLE, ABOARD ONE OF SEA'S TALL SHIPS, AND WITHIN COASTAL COMMUNITIES AROUND THE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,338,734

Program Service Revenue $3,889,885

Investment Income $-729,682

Other Revenue $258,482

TOTAL REVENUE $5,757,419

Expense Breakdown

Grants Paid $388,855

Salaries & Benefits $4,964,932

Fundraising Expenses $643,146

Program Expenses $7,368,712

Other Expenses $4,085,534

TOTAL EXPENSES $9,574,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,757,419	$7,688,944	-0.3%
Expenses	$9,574,321	$9,454,997	+0.0%
Net Income	$-3,816,902	$-1,766,053	+1.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

204

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$206,629

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY R SALESIN	TRUSTEE/CHAIR	5.00	Officer Director	$0	$0	$0
JESSICA C MCWADE	TRUSTEE/VICE CHAIR AND CLERK	5.00	Officer Director	$0	$0	$0
ROBERT C KNAPP	TRUSTEE/TREASURER	5.00	Officer Director	$0	$0	$0
JEANNE FOUSSARD	TRUSTEE	5.00	Director	$0	$0	$0
ELIZABETH GRYSKA-RICE	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD H HAWKINS	TRUSTEE	5.00	Director	$0	$0	$0
SAM HOWE	TRUSTEE	5.00	Director	$0	$0	$0
DR SUSAN E HUMPHRIS	TRUSTEE	5.00	Director	$0	$0	$0
RUSTY KELLOGG	TRUSTEE	5.00	Director	$0	$0	$0
STEPHEN LASTER	TRUSTEE	5.00	Director	$0	$0	$0
BEAU LESCOTT	TRUSTEE	5.00	Director	$0	$0	$0
LINDA COX MAGUIRE	TRUSTEE	5.00	Director	$0	$0	$0
ERIN MYERS MADEIRA	TRUSTEE	5.00	Director	$0	$0	$0
CALEB MCCLENNEN	TRUSTEE	5.00	Director	$0	$0	$0
JULIETTE MCCULLOUGH	TRUSTEE	5.00	Director	$0	$0	$0
PHILIP MCKNIGHT	TRUSTEE	5.00	Director	$0	$0	$0
SARAH MURDOCK	TRUSTEE	5.00	Director	$0	$0	$0
KENNETH POTTER	TRUSTEE	5.00	Director	$0	$0	$0
ONJI SCOTT PRICE	TRUSTEE UNTIL 3/25	5.00	Director	$0	$0	$0
REBECCAH SPARKES	TRUSTEE	5.00	Director	$0	$0	$0
WILLIS G WANG	TRUSTEE	5.00	Director	$0	$0	$0
TED WOLFF	TRUSTEE	5.00	Director	$0	$0	$0
JOHN WIGGLESWORTH	PRESIDENT UNTIL 10/24	40.00	Officer	$160,571	$0	$160,571
RICHARD HOPPER	PRESIDENT AS OF 10/24	40.00	Officer	$42,863	$3,195	$46,058
MARK LONG	DEAN OF ACADEMICS	40.00	Highest	$115,000	$3,450	$118,450
EDITH B MILLER	DIRECTOR OF FINANCE & ADMIN	40.00	Highest	$115,000	$11,499	$126,499
LAURIE BLACK	DEAN OF EDUCATION MANAGEMENT	40.00	Highest	$108,000	$7,668	$115,668
MONICA BOWMAN	ACTING DIRECTOR OF FUNDRAISING	40.00	Highest	$128,400	$8,280	$136,680

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$5,757,419	$9,574,321	$17,754,559	$-3,816,902
2024	$7,688,944	$9,454,997	$22,340,636	$-1,766,053
2023	$10,645,271	$9,251,112	$23,348,494	$1,394,159
2022	$7,982,566	$7,766,159	$20,669,049	$216,407
2021	$5,664,065	$5,174,476	$22,362,192	$489,589
2020	$8,258,021	$8,583,747	$19,968,195	$-325,726
2019	$13,795,770	$9,018,937	$20,741,631	$4,776,833

SEA EDUCATION ASSOCIATION INC