SEAWAY PRIVATE EQUITY CORPORATION C/O CITEC INC (EIN 204539725) - 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

2005

Legal Domicile

Principal Officer

DR ZVI SZAFRAN

Phone

3152683778

Tax Period

2024-01-01 to 2024-12-31

SEAWAY PRIVATE EQUITY CORPORATION C/O CITEC INC, founded in 2005, is a micro nonprofit in the Community Improvement sector that reported $41K in total revenue in fiscal year 2024. Expenses of $38K left a modest 8% surplus.

Mission

PROMOTE JOB DEVELOPMENT AND ATTRACT NEW INDUSTRY TO ST LAWRENCE COUNTY NY

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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 $0

Program Service Revenue $0

Investment Income $40,900

Other Revenue $0

TOTAL REVENUE $40,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,497

Other Expenses $37,804

TOTAL EXPENSES $37,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,900	$42,931	0.0%
Expenses	$37,804	$37,602	+0.0%
Net Income	$3,096	$5,329	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ZVI SZAFRAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
RONALD MCDOUGALL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEC JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
DAPHNE PICKERT	SECRETARY	2.00	Officer Director	$0	$0	$0
ALEXANDRA JACOBS - WILKE	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
MATHEW DRAPER	DIRECTOR	2.00	Director	$0	$0	$0
RUSS STRAIT	DIRECTOR	2.00	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	$40,900	$37,804	$6,888,506	$3,096
2023	$42,931	$37,602	$6,885,496	$5,329
2022	$-889,361	$37,019	$6,880,061	$-926,380
2021	$731,088	$51,539	$7,813,512	$679,549
2020	$272,205	$69,085	$7,130,116	$203,120
2019	$294,180	$50,349	$6,924,969	$243,831
2018	$107,724	$1,941,089	$6,684,121	$-1,833,365

SEAWAY PRIVATE EQUITY CORPORATION C/O CITEC INC