CAMP SPRINGS, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SEAFARERS OFFICERS AND EMPLOYEES WELFARE PLAN, founded in 1980, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2023. Expenses of $10.6M left a modest 10% surplus.
TO COLLECT, PRESERVE AND INVEST THE MONIES AND OTHER THINGS OF VALUE PAID TO THE TRUST; TO PAY AND/OR PROVIDE FOR WELFARE BENEFITS FOR THOSE ELIGIBLE AND THEIR DEPENDENTS AS HERE-AFTER PROVIDED, AND TO PAY FOR THE ESTABLISHMENT AND ADMINISTRATION OF SAID TRUST, AS DETERMINED BY THE TRUSTEES FROM TIME TO TIME.
THE PLAN PROVIDES HEALTH AND WELFARE BENEFITS FOR APPROXIMATELY 575 PARTICIPANTS.
PAY GROUP INSURANCE PREMIUMS FOR THE PLAN'S LIFE INSURANCE PROGRAM.
PAY PRESCRIPTION CLAIMS FOR THE PLAN'S PRESCRIPTION DRUG PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $11,810,701 | $11,597,390 | +0.0% |
| Expenses | $10,631,039 | $11,158,913 | 0.0% |
| Net Income | $1,179,662 | $438,477 | +1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID HEINDEL | CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS ORZECHOWAKI JR | ADMINISTRATOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AUGUSTIN TELLEZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARET BOWEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN HORTON-GENNETTE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK VANDEGRIFT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROMAN GRALEWICZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL SACCO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $11,810,701 | $10,631,039 | $12,130,815 | $1,179,662 |
| 2022 | $11,597,390 | $11,158,913 | $10,458,471 | $438,477 |
| 2021 | $10,948,260 | $9,620,426 | $10,885,855 | $1,327,834 |
| 2020 | $10,920,789 | $10,728,748 | $9,273,596 | $192,041 |
| 2019 | $10,408,575 | $9,555,444 | $8,742,635 | $853,131 |
| 2018 | $10,345,480 | $8,268,401 | $7,606,965 | $2,077,079 |
Compare SEAFARERS OFFICERS AND EMPLOYEES WELFARE PLAN with other nonprofits in Maryland and across the country.