Society for Underwater Technology … - Form 990 Financial Data

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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

2004

Legal Domicile

Phone

8328780116

Tax Period

2024-07-01 to 2025-06-30

Society for Underwater Technology co Rodolfo Sancio, founded in 2004, is a micro nonprofit in the Community Improvement sector that reported $70K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 67% operating deficit.

Mission

sut is a learned society for individuals and organizations having a common interest in underwater technology, ocean science and offshore engineering.

Program Service Accomplishments

Program 1

Expenses: $18,244

SCHOLARSHIPS WERE ISSUED TO UNDERGRADUATE AND GRADUATE STUDENTS TO USE TOWARDS COMPLETING THEIR EDUCATIONAL PROGRAM.

Program 2

Expenses: $4,026 Revenue: $18,835

SUBSEA AWARENESS COURSES ARE HELD PERIDIOCALLY TO PROVIDE AN INTRODUCTION COURSE OFTRAINING IN UNDERWATER TECHNOLOGY. THESE FIVE DAY COURSES ARE DSIGNED FOR ENGINEERSWHO ARE NEW TO THE OFFSHORE...

SUBSEA AWARENESS COURSES ARE HELD PERIDIOCALLY TO PROVIDE AN INTRODUCTION COURSE OFTRAINING IN UNDERWATER TECHNOLOGY. THESE FIVE DAY COURSES ARE DSIGNED FOR ENGINEERSWHO ARE NEW TO THE OFFSHORE NDUSTRY. SEVERAL FIVE-DAY COURSES WERE HELD. SUT ALSOPARTICIPATED IN THE OFFSHORE TECHNOLOGY CONFERENCE AND THE DEEP OFFSHORE TECHNOLOGYCOFERENCE. ADDITIONAL SHORT COURSES WERE HELD ON SELECTED TOPICS.

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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 $15,971

Program Service Revenue $53,495

Investment Income $491

Other Revenue $0

TOTAL REVENUE $69,957

Expense Breakdown

Grants Paid $16,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,270

Other Expenses $100,554

TOTAL EXPENSES $117,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,957	$114,789	-0.4%
Expenses	$117,054	$117,391	0.0%
Net Income	$-47,097	$-2,602	+17.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tricia Hill	Past President	5.00	Officer Director	$0	$0	$0
Andy Hill	President	5.00	Officer Director	$0	$0	$0
Rodolfo Sancio	Treasurer	5.00	Officer Director	$0	$0	$0
Xiaoyan Long	Secretary	5.00	Officer Director	$0	$0	$0
Maria Ancheril	Member	0.00	Director	$0	$0	$0
X Sam Guo	member	0.00	Director	$0	$0	$0
Heather Cousson	member	0.00	Director	$0	$0	$0
Colin Johnston	member	0.00	Director	$0	$0	$0
Karen Perez	member	0.00	Director	$0	$0	$0
Zack Westgate	member	0.00	Director	$0	$0	$0
Christopher Curran	member	0.00	Director	$0	$0	$0
Andrew Haigh	Member	0.00	Director	$0	$0	$0
Faisal Yousef	member	0.00	Director	$0	$0	$0
Roneet Das	member	0.00	Director	$0	$0	$0
Mark Siegmund	member	0.00	Director	$0	$0	$0
Zenon Medina-Cetina	member	0.00	Director	$0	$0	$0
John Allen	Member	0.00	Director	$0	$0	$0
Jan van Smirren	Member	0.00	Director	$0	$0	$0
Jon Halliburton	Member	0.00	Director	$0	$0	$0
Alison Toth	Member	0.00	Director	$0	$0	$0
Don Schlater	Member	0.00	Director	$0	$0	$0
Keshawa Shukla	Member	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
2025	$69,957	$117,054	$51,226	$-47,097
2024	$114,789	$117,391	$98,236	$-2,602
2023	$90,725	$92,564	$101,127	$-1,839
2022	$28,261	$33,399	$107,070	$-5,138
2021	$91,047	$99,277	$107,672	$-8,230
2020	$116,823	$113,845	$115,608	$2,978
2019	$114,486	$138,551	$121,289	$-24,065
2018	$143,103	$122,303	$139,206	$20,800

Society for Underwater Technology co Rodolfo Sancio