SEAFARERS INTERNATIONAL UNION OF NORTH A (EIN 111690171) - 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

1938

Legal Domicile

Principal Officer

THOMAS ORZECHOWSKI

Phone

3018990675

Tax Period

2024-01-01 to 2024-12-31

SEAFARERS INTERNATIONAL UNION OF NORTH A, founded in 1938, is a mid-sized nonprofit that reported $24.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $77.5M represent 38 months of operating reserves.

Mission

REPRESENTS EMPLOYEES IN LABOR RELATIONS MATTERS.

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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 $0

Program Service Revenue $8,547,033

Investment Income $3,081,418

Other Revenue $12,834,765

TOTAL REVENUE $24,463,216

Expense Breakdown

Grants Paid $70,117

Salaries & Benefits $16,044,760

Fundraising Expenses $0

Other Expenses $8,496,280

TOTAL EXPENSES $24,611,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,463,216	$22,556,962	+0.1%
Expenses	$24,611,157	$23,859,446	+0.0%
Net Income	$-147,941	$-1,302,484	-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

115

Volunteers

N/A

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

$3,848,420

Total Directors

$2,897,068

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HEINDEL	PRESIDENT	25.00	Officer Director	$273,128	$28,000	$301,128
AUGUSTIN TELLEZ	EXECUTIVE VICE PRESIDENT	30.00	Officer Director	$266,239	$28,000	$294,239
GEORGE TRICKER	VICE PRESIDENT	44.00	Officer Director	$177,011	$59,745	$236,756
JOSEPH SORESI	VICE PRESIDENT	44.00	Officer Director	$175,291	$90,238	$265,529
FRANK VINCENZO	ASSISTANT VICE PRESIDENT; VICE PRESIDENT (FROM JUN	44.00	Officer Director	$151,607	$74,841	$226,448
NICHOLAS MARRONE	VICE PRESIDENT	44.00	Officer Director	$172,785	$45,471	$218,256
THOMAS ORZECHOWSKI	SECRETARY-TREASURER	44.00	Officer Director	$205,194	$203,050	$496,644
NICHOLAS CELONA	VICE PRESIDENT (UNTIL JUNE)	44.00	Officer Director	$91,227	$27,101	$118,328
BRYAN POWELL	VICE PRESIDENT	44.00	Officer Director	$169,823	$89,261	$259,084
DEAN CORGEY	VICE PRESIDENT	44.00	Officer Director	$172,276	$28,000	$200,276
PATRICK A VANDEGRIFT	VICE PRESIDENT	44.00	Officer Director	$167,623	$112,757	$280,380
KAREN HORTON-GENNETTE	NATIONAL DIRECTOR	1.00	Officer Director	$0	$0	$0
KRIS HOPKINS	ASSISTANT VICE PRESIDENT	44.00	Officer	$128,704	$60,210	$188,914
MICHAEL RUSSO	ASSISTANT VICE PRESIDENT	44.00	Officer	$128,704	$47,429	$176,133
AMANCIO CRESPO	ASSISTANT VICE PRESIDENT	44.00	Officer	$129,395	$89,543	$218,938
CHRIS WESTBROOK	ASSISTANT VICE PRESIDENT	44.00	Officer	$128,704	$67,402	$196,106
SAMUEL SPAIN	ASSISTANT VICE PRESIDENT	44.00	Officer	$114,082	$57,179	$171,261
JONATHAN P MADDEN	LEGAL COUNSEL	44.00	Highest	$117,308	$45,713	$163,021
DAWN TALIFORD	CONTROLLER	44.00	Highest	$187,640	$51,963	$239,603
BRIAN SCHOENEMAN	POLITICAL DIRECTOR	44.00	Highest	$179,396	$51,218	$230,614
JORDAN BISCARDO	DIR. OF COMMUNICATION	44.00	Highest	$164,973	$138,028	$303,001
TRACEY A MAYHEW	ITF AGENT	44.00	Highest	$140,139	$63,866	$204,005

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	$24,463,216	$24,611,157	$77,896,212	$-147,941
2023	$22,556,962	$23,859,446	$73,221,336	$-1,302,484
2022	$23,127,870	$22,718,891	$69,174,238	$408,979
2021	$21,816,579	$21,168,614	$78,047,657	$647,965
2020	$23,349,571	$20,372,344	$71,973,769	$2,977,227
2019	$20,624,289	$20,110,085	$65,381,116	$514,204
2018	$24,142,230	$19,532,656	$60,054,212	$4,609,574

SEAFARERS INTERNATIONAL UNION OF NORTH A