HANDS ACROSS THE SEA INC (EIN 205897380) - 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

2007

Legal Domicile

Principal Officer

LEAH GARRATT

Phone

6177559896

Tax Period

2024-01-01 to 2024-12-31

HANDS ACROSS THE SEA INC, founded in 2007, is a small nonprofit in the Health Care sector that reported $312K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $421K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO RAISING THE LITERACY LEVELS OF CARIBBEAN CHILDREN BY SENDING NEW BOOKS, CREATING LIBRARIES AND FOSTERING ONGOING SUSTAINABILITY WITH MENTORING AND EDUCATOR PROFESSIONAL DEVELOPMENT.

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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 $308,398

Program Service Revenue $0

Investment Income $3,378

Other Revenue $80

TOTAL REVENUE $311,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,405

Fundraising Expenses $31,244

Program Expenses $328,311

Other Expenses $239,141

TOTAL EXPENSES $420,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,856	$590,116	-0.5%
Expenses	$420,546	$690,495	-0.4%
Net Income	$-108,690	$-100,379	+0.1%

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

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

$159,749

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA SHERLIP	EXECUTIVE DIRECTOR	40.00	Officer	$149,750	$9,999	$159,749
ANNE JOSEPH PHD	DIRECTOR	1.00	Director	$0	$0	$0
ALLEGRA ASPLUNDH	DIRECTOR THROUGH 10/2024	1.00	Director	$0	$0	$0
JAMELYN EBELACKER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
KOREN NORTON	DIRECTOR	2.00	Director	$0	$0	$0
LEAH GARRATT	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
YAH-HANNA JENKINS LEYS	SECRETARY	3.00	Officer Director	$0	$0	$0
VIVIANE SCOTT JD	TREASURER	5.00	Officer 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	$311,856	$420,546	$401,281	$-108,690
2023	$590,116	$690,495	$509,223	$-100,379
2022	$679,884	$494,883	$603,340	$185,001
2021	$563,515	$419,673	$416,223	$143,842
2020	$590,175	$544,413	$307,274	$45,762
2019	$566,866	$485,928	$232,412	$80,938
2018	$504,932	$559,372	$151,989	$-54,440

HANDS ACROSS THE SEA INC