SEA RESEARCH FOUNDATION INC (EIN 061480300) - 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

1977

Legal Domicile

Principal Officer

KORAY GURZ

Phone

8605725955

Tax Period

2024-01-01 to 2024-12-31

SEA RESEARCH FOUNDATION INC, founded in 1977, is a mid-sized nonprofit in the Animal-Related sector that reported $31.8M in total revenue in fiscal year 2024.

Mission

TO INSPIRE PEOPLE TO CARE FOR AND PROTECT OUR OCEAN PLANET THROUGH EDUCATION AND RESEARCH

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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 $5,563,889

Program Service Revenue $24,672,902

Investment Income $1,602,933

Other Revenue $-20,097

TOTAL REVENUE $31,819,627

Expense Breakdown

Grants Paid $85,576

Salaries & Benefits $17,336,168

Fundraising Expenses $2,905,324

Program Expenses $25,553,707

Other Expenses $14,500,913

TOTAL EXPENSES $32,042,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,819,627	$32,556,466	0.0%
Expenses	$32,042,657	$29,598,065	+0.1%
Net Income	$-223,030	$2,958,401	-1.1%

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

370

Volunteers

746

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

$888,832

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX MARKU	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTONIO ROBERTO	BOARD MEMBER	1.00	Director	$0	$0	$0
CECILIE JEDLICKA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR GEORGE M MILNE JR	CHAIRMAN	5.00	Officer Director	$0	$0	$0
DR SARAH KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
ED CASSIDY	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON REESE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HOLSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
JOLI GROSS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL LECH	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL RAUH	BOARD MEMBER (UNTIL 07/2024)	1.00	Director	$0	$0	$0
PATRICK GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER G DRAKOS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER KUHN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD KATZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT VALENTI	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WILLIAMS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY BUTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE K PERRELLI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TAN HEE TECK	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS MARRA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TOM MOSEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
VERONICA DOWLING	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM MIDDLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
KORAY GURZ	COO/CFO	40.00	Officer	$285,274	$48,549	$333,823
SUSETTE TIBUS	PRESIDENT/ CEO	40.00	Officer	$549,016	$5,993	$555,009
ALLISON TUTTLE	SVP, ZOOLOGICAL OPERATIONS	40.00	Highest	$242,337	$16,135	$258,472
ERIC ANDERSON	DIR. OF ANIMAL CARE AND WELFARE	40.00	Highest	$162,486	$33,697	$196,183
KATRINA S CUBINA	SR VP MISSION PROGRAM (UNTIL 05/2024)	40.00	Highest	$235,350	$34,357	$269,707
KEITH SORENSEN	SR VP OF FACILITIES AND CAPITAL PROJECTS	40.00	Highest	$166,089	$30,327	$196,416
TINA COUCH	VP DEVELOPMENT	40.00	Highest	$247,501	$5,766	$253,267

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	$31,819,627	$32,042,657	$58,464,309	$-223,030
2023	$32,556,466	$29,598,065	$59,553,462	$2,958,401
2022	$32,599,649	$29,857,481	$54,777,845	$2,742,168
2021	$39,772,478	$24,727,589	$52,111,642	$15,044,889
2020	$26,485,374	$18,704,810	$35,787,494	$7,780,564
2019	$26,818,465	$26,529,906	$36,569,797	$288,559
2018	$26,022,962	$23,270,033	$36,920,966	$2,752,929

SEA RESEARCH FOUNDATION INC