SEAKAY INC

EIN: 201948334 501(c)(3) Education

SAN FRANCISCO, CA

Total Revenue
$59,123
Total Expenses
$169,317
Total Assets
$118,741
Net Assets
$118,741
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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
CA
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

Program Service Accomplishments

Program 1
Expenses: $167,099 Revenue: $0

Community networking broadband program development. Expanded pilot to incorporate public broadband access in unserved rural communities Continued high density urban support program to foster...

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Community networking broadband program development. Expanded pilot to incorporate public broadband access in unserved rural communities Continued high density urban support program to foster broadband adopting in housing developments.

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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 $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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
8

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
$87,000
Total Directors
4
$87,000
Key Employees
0
$0
Highest Compensated
0
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
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