Seaport TMA Inc (EIN 043291699) - 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

1994

Legal Domicile

Principal Officer

Alexandra Morris

Tax Period

2023-09-01 to 2024-08-31

Seaport TMA Inc, founded in 1994, is a small nonprofit that reported $452K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 37% operating margin.

Mission

Seaport TMA offers transportation programs and advocates for transportation projects and policies that help keep the Seaport moving and thriving as an extraordinary place to live, work, play, and visit.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $449,225

Investment Income $3,060

Other Revenue $0

TOTAL REVENUE $452,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,017

Fundraising Expenses $0

Program Expenses $186,666

Other Expenses $164,091

TOTAL EXPENSES $287,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$452,285	$367,352	+0.2%
Expenses	$287,108	$370,450	-0.2%
Net Income	$165,177	$-3,098	-54.3%

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

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

$112,298

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Sullivan	CEO	40.00	Officer	$53,421	$4,636	$112,298
Dana Griffin	Director	5.00	Director	$0	$0	$0
Alan Sheard	Director	5.00	Director	$0	$0	$0
Joel Barrera	Director	5.00	Director	$0	$0	$0
Jerome Smith	Director	5.00	Director	$0	$0	$0
Charlayne Murrell-Smith	Director	5.00	Director	$0	$0	$0
Charles Pappalardo	President	10.00	Officer Director	$0	$0	$0
Alexandra Morris	Director	5.00	Officer Director	$0	$0	$0
Taran Grigsby	Clerk	0.00	Officer Director	$0	$0	$0
Yanni Tsipis	Treasurer	10.00	Officer Director	$0	$0	$0

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
2024	$452,285	$287,108	$435,944	$165,177
2023	$367,352	$370,450	$269,344	$-3,098
2022	$388,229	$343,189	$271,019	$45,040
2021	$238,289	$245,591	$228,150	$-7,302
2020	$232,372	$246,688	$203,174	$-14,316
2019	$255,733	$239,497	$217,743	$16,236
2018	$259,299	$208,074	$198,744	$51,225

Seaport TMA Inc