SEAFARERS OFFICERS AND EMPLOYEES WELFARE PLAN (EIN 112571578) - 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

1980

Legal Domicile

Principal Officer

THOMAS ORZECHOWSKI JR

Phone

3018990675

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

BENEFIT FUND

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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 $11,697,289

Investment Income $113,412

Other Revenue $0

TOTAL REVENUE $11,810,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $182,135

TOTAL EXPENSES $10,631,039

Year-over-Year Comparison

	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%

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
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

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	$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

SEAFARERS OFFICERS AND EMPLOYEES WELFARE PLAN