SEAKAY INC (EIN 201948334) - 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

2006

Legal Domicile

Phone

8888611011

Tax Period

2023-01-01 to 2023-12-31

SEAKAY INC, founded in 2006, is a micro nonprofit in the Education sector that reported $59K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $169K exceeded revenue, resulting in a 186% operating deficit.

Mission

Improving sector effectiveness through economic development expanding technology access and education

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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 $59,123

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,000

Fundraising Expenses $0

Program Expenses $167,099

Other Expenses $82,317

TOTAL EXPENSES $169,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,123	$278,028	-0.8%
Expenses	$169,317	$391,969	-0.6%
Net Income	$-110,194	$-113,941	0.0%

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

$87,000

Total Directors

$87,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Harold Galicer	President CEO	30.00	Officer Director	$87,000	$0	$87,000
Paul Haller	Director	0.00	Director	$0	$0	$0
Dr Egil Fronsdal	Treasurer	0.00	Officer Director	$0	$0	$0
Diana Hage	Director	0.00	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	$59,123	$169,317	$118,741	$-110,194
2022	$278,028	$391,969	$228,935	$-113,941
2021	$296,088	$291,199	$542,876	$4,889
2020	$552,215	$487,337	$419,257	$64,878

SEAKAY INC