SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP (EIN 112099708) - 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

1965

Legal Domicile

Principal Officer

GEORGE TRICKER

Phone

3018990675

Tax Period

2023-01-01 to 2023-12-31

SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP, founded in 1965, is a mid-sized nonprofit that reported $22.7M in total revenue in fiscal year 2023. The organization ran a surplus of $17.0M, a strong 75% operating margin.

Mission

TO PROVIDE FUNDING FOR TRAINING OF MERCHANT SEAMEN.

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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 $22,341,388

Investment Income $351,234

Other Revenue $0

TOTAL REVENUE $22,692,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,702,490

TOTAL EXPENSES $5,702,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,692,622	$22,255,552	+0.0%
Expenses	$5,702,490	$5,224,728	+0.1%
Net Income	$16,990,132	$17,030,824	0.0%

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

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
JOSEPH BASELICE	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS CELONA	TRUSTEE	1.00	Director	$0	$0	$0
K BANCROFT	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
LEE EGLAND	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD HANLEY	TRUSTEE	1.00	Officer Director	$0	$0	$0
RAY HENDERSON	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
A CHIARELLO	TRUSTEE	1.00	Director	$0	$0	$0
TODD JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS MARRONE	TRUSTEE	1.00	Director	$0	$0	$0
ED MORGAN	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
DAMON MOTE	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY NACCARATO	TRUSTEE, CHAIRMAN	1.00	Director	$0	$0	$0
AUGUSTIN TELLEZ	TRUSTEE	1.00	Director	$0	$0	$0
MARK VONSIEGEL	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
GEORGE TRICKER	TRUSTEE	1.00	Officer Director	$0	$0	$0
PATRICK VANDEGRIFT	TRUSTEE	1.00	Director	$0	$0	$0
JOE VINCENZO	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
THOMAS ORZECHOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
I DOUGLAS	TRUSTEE	1.00	Director	$0	$0	$0
S WINFIELD	TRUSTEE	1.00	Director	$0	$0	$0
E YOUNG	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
MARGARET BOWEN	ADMINISTRATOR	4.00	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	No data	No data	No data	No data
2023	$22,692,622	$5,702,490	$60,013,701	$16,990,132
2022	$22,255,552	$5,224,728	$59,912,853	$17,030,824
2021	$25,454,651	$5,072,875	$61,505,438	$20,381,776
2020	$22,264,416	$4,820,648	$58,207,426	$17,443,768
2019	$22,711,826	$4,917,460	$54,815,054	$17,794,366
2018	$21,953,761	$4,731,229	$53,248,305	$17,222,532
2018	$21,953,761	$4,731,229	$53,248,305	$17,222,532

SEAFARERS HARRY LUNDEBERG SCHOOL OF SEAMANSHIP