SEAFARERS JOINT EMPLOYMENT FUND (EIN 116137531) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

THOMAS ORZECHOWSKI

Phone

3018990675

Tax Period

2023-01-01 to 2023-12-31

SEAFARERS JOINT EMPLOYMENT FUND, founded in 1969, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2023. Net assets of $19.5M represent 30 months of operating reserves.

Mission

TO OPERATE AND MAINTAIN HIRING HALLS FOR SEAMEN

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,517,955

Investment Income $286,520

Other Revenue $-19,964

TOTAL REVENUE $7,784,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,937

Fundraising Expenses $0

Other Expenses $7,943,321

TOTAL EXPENSES $8,296,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,784,511	$7,475,773	+0.0%
Expenses	$8,296,258	$8,387,301	0.0%
Net Income	$-511,747	$-911,528	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
THOMAS ORZECHOWSKI	TRUSTEE, SECRETARY	1.00	Director	$0	$0	$0
DEAN CORGEY	TRUSTEE	1.00	Director	$0	$0	$0
JOE SORESI	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE TRICKER	TRUSTEE	1.00	Director	$0	$0	$0
PAT VANDEGRIFT	TRUSTEE	1.00	Director	$0	$0	$0
IRA DOUGLAS	TRUSTEE	1.00	Director	$0	$0	$0
ED HANLEY	TRUSTEE	1.00	Director	$0	$0	$0
DAMON MOTE	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY NACCARATO	TRUSTEE, CHAIRMAN	1.00	Director	$0	$0	$0
NICK MARRONE	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
JOE VINCENZO	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
J BASELICE	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
LEE EGLAND	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
TODD JOHNSON	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
E YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
K BANCROFT	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
E MORGAN	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
S WINFIELD	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
J WASSEL	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
DAVID HEINDEL	TRUSTEE, SECRETARY	1.00	Director	$0	$0	$0
A CHIARELLO	TRUSTEE	1.00	Director	$0	$0	$0
W ASP	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
K HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
A NELSON	TRUSTEE	1.00	Director	$0	$0	$0
D HARRIS	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
J HOSKINS	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
M RUSSO	ALTERNATE TRUSTEE	1.00	Director	$0	$0	$0
MARGARET BOWEN	ADMINISTRATOR	2.00	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	$7,784,511	$8,296,258	$20,428,683	$-511,747
2022	$7,475,773	$8,387,301	$20,416,288	$-911,528
2021	$7,675,234	$7,508,370	$21,926,489	$166,864
2020	$7,967,667	$7,620,088	$22,014,381	$347,579
2019	$7,268,811	$7,753,441	$21,728,712	$-484,630
2018	$6,912,345	$7,464,767	$21,445,137	$-552,422

SEAFARERS JOINT EMPLOYMENT FUND