SEABEE MUSEUM & MEMORIAL PARK (EIN 050508984) - 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

Principal Officer

JOE FRIGON

Phone

4013972536

Tax Period

2024-01-01 to 2024-12-31

SEABEE MUSEUM & MEMORIAL PARK is a micro nonprofit in the Arts, Culture & Humanities sector that reported $16K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5K, a strong 31% operating margin.

Mission

MAINTAIN AND OPPERATE A MEMORIAL PARK AND MUSEUM DEDICATED TO THE PRESERVING THE HISTORY OF THE SEABEES

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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 $14,837

Program Service Revenue $0

Investment Income $0

Other Revenue $723

TOTAL REVENUE $15,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,792

Other Expenses $10,792

TOTAL EXPENSES $10,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,560	$131,601	-0.9%
Expenses	$10,792	$95,364	-0.9%
Net Income	$4,768	$36,237	-0.9%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL IAROSSI	DIRECTOR	N/A	Director	$0	$0	$0
GAIL FRIGON	TREASURER	N/A	Officer	$0	$0	$0
JOE FRIGON	PRESIDENT	N/A	Officer	$0	$0	$0
CHRISTOPHER KILPERT	V-PRESIDENT	N/A	Officer	$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	$15,560	$10,792	$491,391	$4,768
2023	$131,601	$95,364	$486,623	$36,237
2022	$102,509	$64,212	$450,386	$38,297
2021	$68,516	$53,951	$412,089	$14,565
2020	$32,231	$44,028	$397,524	$-11,797
2019	$90,845	$66,535	$409,321	$24,310
2018	$173,093	$71,934	$385,011	$101,159

SEABEE MUSEUM & MEMORIAL PARK