FRIENDS OF SEAMEN'S SOCIETY (EIN 134139603) - 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

2000

Legal Domicile

Phone

7184477740

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SEAMEN'S SOCIETY, founded in 2000, is a small nonprofit in the Human Services sector that reported $865K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $281K, a strong 32% operating margin.

Mission

TO ASSIST, SUPPORT & BENEFIT THE SEAMEN'S SOCIETY FOR CHILDREN & FAMILIES, THROUGH THE OWNERSHIP, DEVELOPMENT, MANAGEMENT & MAINTENANCE OF REAL PROPERTY & IMPROVEMENTS THERETO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $350

Program Service Revenue $570,000

Investment Income $294,377

Other Revenue $0

TOTAL REVENUE $864,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $315,403

Other Expenses $584,199

TOTAL EXPENSES $584,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$864,727	$681,474	+0.3%
Expenses	$584,199	$632,311	-0.1%
Net Income	$280,528	$49,163	+4.7%

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

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

$475,931

Total Directors

$274,121

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID W GASKIN	CHIEF EXECUTIVE OFFICER	1.0	Officer Director	$0	$6,686	$274,121
JON DEL GIORNO	CHAIRMAN	1.0	Officer Director	$0	$0	$0
KIM DOLLARD	TRUSTEE	1.0	Officer Director	$0	$0	$0
LEE STEPHENS III	TREASURER	1.0	Officer Director	$0	$0	$0
MARGARET S ACCORDINO	SECRETARY	1.0	Officer Director	$0	$0	$0
RALPH BRANCA	TRUSTEE	1.0	Officer Director	$0	$0	$0
SUZANNE STIRN-AINSLIE	TRUSTEE	1.0	Officer Director	$0	$0	$0
PHILIP I ZWEIGER	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$16,705	$201,810

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
2025	$864,727	$584,199	$6,468,383	$280,528
2024	No data	No data	No data	No data
2023	$625,842	$914,496	$6,246,997	$-288,654
2022	$776,771	$721,888	$6,548,687	$54,883
2021	$946,144	$615,323	$7,121,933	$330,821
2020	$805,707	$842,266	$6,759,022	$-36,559
2019	$773,296	$718,620	$7,121,283	$54,676
2018	$874,626	$1,034,827	$7,044,328	$-160,201

FRIENDS OF SEAMEN'S SOCIETY