SEA TOW FOUNDATION INC (EIN 205876631) - 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

Principal Officer

KRISTEN FROHNHOEFER

Phone

8882767691

Tax Period

2024-01-01 to 2024-12-31

SEA TOW FOUNDATION INC, founded in 2006, is a small nonprofit in the Public Safety sector that reported $619K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $738K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROMOTE SAFE BOATING PRACTICES

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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 $618,532

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $618,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,092

Fundraising Expenses $31,809

Program Expenses $575,858

Other Expenses $564,528

TOTAL EXPENSES $737,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$618,532	$825,455	-0.3%
Expenses	$737,620	$829,503	-0.1%
Net Income	$-119,088	$-4,048	+28.4%

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

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
JOSEPH FROHNHOEFER III	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN FROHNHOEFER	PRESIDENT	3.00	Officer Director	$0	$0	$0
PATRIZIA ZANABONI	TREASURER	3.00	Officer Director	$0	$0	$0
BOB CANGEMI	DIRECTOR	1.00	Director	$0	$0	$0
KERRY KLINE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SAPORITO	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE ZLOTNICK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CONNOLLY	DIRECTOR	1.00	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	$618,532	$737,620	$714,423	$-119,088
2023	$825,455	$829,503	$832,050	$-4,048
2022	$603,186	$475,362	$258,542	$127,824
2021	$244,309	$366,606	$106,444	$-122,297
2020	$487,366	$430,005	$228,741	$57,361
2019	$479,565	$471,686	$141,342	$7,879
2018	$349,138	$427,837	$133,349	$-78,699

SEA TOW FOUNDATION INC