Sea Friends Incorporated (EIN 113164683) - 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

1993

Legal Domicile

Principal Officer

Michael T Studer

Phone

5163781000

Tax Period

2025-04-01 to 2026-03-31

Sea Friends Incorporated, founded in 1993, is a micro nonprofit in the Science & Technology sector that reported $48K in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $63K exceeded revenue, resulting in a 32% operating deficit.

Mission

To operate a marine aquarium

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,000

Program Service Revenue $0

Investment Income $15,613

Other Revenue $29,285

TOTAL REVENUE $47,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,931

Fundraising Expenses $0

Program Expenses $0

Other Expenses $37,126

TOTAL EXPENSES $63,057

Year-over-Year Comparison

	2025	2024	Change
Revenue	$47,898	$34,519	+0.4%
Expenses	$63,057	$9,533	+5.6%
Net Income	$-15,159	$24,986	-1.6%

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

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

Total Directors

$18,000

Key Employees

$23,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael T Studer	President,Treasurer, Director	10.00	Officer Director	$0	$0	$0
Shakespeare Newsome	Director	25.00	Director Key Emp	$18,000	$0	$18,000
Christopher R Smith	key employee	10.00	Key Emp	$5,000	$0	$5,000

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
2026	$47,898	$63,057	$513,354	$-15,159
2025	$34,519	$9,533	$526,690	$24,986
2024	$70,870	$-1,649	$501,474	$72,519
2023	$14,724	$77,138	$446,411	$-62,414
2022	$213,557	$15,761	$491,399	$197,796

Sea Friends Incorporated