SMALL ENTERPRISE ASSISTANCE FUNDS

EIN: 133535334 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$8,459,646
Total Expenses
$9,697,385
Total Assets
$38,248,042
Net Assets
$4,245,264
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
Principal Officer
ROBERT VODICKA
Phone
2027378463
Tax Period
2023-01-01 to 2023-12-31

SMALL ENTERPRISE ASSISTANCE FUNDS, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $8.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $9.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

SEAF IS PRIMARILY ENGAGED AS A FUND MANAGER TO SUPPORT THE PROMOTION AND DEVELOPMENT OF SMALL AND MEDIUM-SIZE BUSINESSES IN DEVELOPING COUNTRIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,497,486
Program Service Revenue $2,975,136
Investment Income $1,701,454
Other Revenue $285,570
TOTAL REVENUE $8,459,646

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,838,328
Fundraising Expenses $0
Program Expenses $7,638,538
Other Expenses $5,859,057
TOTAL EXPENSES $9,697,385

Year-over-Year Comparison

2023 2022 Change
Revenue $8,459,646 $9,245,371 -0.1%
Expenses $9,697,385 $9,920,170 0.0%
Net Income $-1,237,739 $-674,799 +0.8%
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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Governance

Voting Members
10
Independent Members
6
Employees
16
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
2
$338,930
Total Directors
10
$338,930
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAVED HAMID CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROBERT VODICKA TREASURER 40.00
Highest
$210,000 $10,000 $220,000
GARY DODGE MANAGING DIRECTOR 40.00
Highest
$169,257 $7,238 $176,495
PETER RIGHI CEED GLOBAL DIRECTOR 40.00
Highest
$210,332 $10,016 $220,348
JAN CHERIM DIRECTOR 40.00
Director
$0 $0 $0
TOM MONACO DIRECTOR 40.00
Director
$0 $0 $0
PAUL SHEEHAN DIRECTOR 40.00
Director
$0 $0 $0
HUBERTUS VAN DER VAART PRESIDENT 40.00
Officer Director
$323,930 $15,000 $338,930
ALPHONSUS MARCELIS DIRECTOR 1.00
Director
$0 $0 $0
YASMIN SAADAT DIRECTOR 1.00
Director
$0 $0 $0
OSCAR CASTANEDA DIRECTOR 1.00
Director
$0 $0 $0
TERRY WYER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE PHILLPOTTS DIRECTOR 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 $8,459,646 $9,697,385 $38,248,042 $-1,237,739
2022 $9,245,371 $9,920,170 $32,275,711 $-674,799
2021 $7,370,545 $12,346,481 $28,992,255 $-4,975,936
2020 $16,834,731 $14,220,339 $27,402,027 $2,614,392
2019 $19,819,356 $17,100,835 $24,449,123 $2,718,521
2018 $21,762,030 $14,775,388 $27,640,431 $6,986,642
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