SOUTHEASTERN ADMIRALTY LAW INSTITUTE (EIN 237230577) - 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

1968

Legal Domicile

Principal Officer

PAUL BECKMANN

Tax Period

2024-01-01 to 2024-12-31

SOUTHEASTERN ADMIRALTY LAW INSTITUTE, founded in 1968, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Expenses of $268K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE A FORUM FOR ADMIRALTY LAW PRACTIONERS IN THE SOUTHEASTERN UNITED STATES

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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 $40,300

Program Service Revenue $151,767

Investment Income $0

Other Revenue $0

TOTAL REVENUE $192,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $254,825

Other Expenses $268,083

TOTAL EXPENSES $268,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,067	$186,367	+0.0%
Expenses	$268,083	$125,787	+1.1%
Net Income	$-76,016	$60,580	-2.3%

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

N/A

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
KATHLEEN MILLER	CHAIR	004.00	Director	$0	$0	$0
LINDSEY BROCK	VICE CHAIR	002.00	Director	$0	$0	$0
ANTHONY STAINES	SECRETARY	004.00	Director	$0	$0	$0
RIVERS JENKINS	TREASURER	004.00	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	$192,067	$268,083	$93,455	$-76,016
2023	$186,367	$125,787	$170,480	$60,580
2022	$175,296	$184,579	$109,900	$-9,283

SOUTHEASTERN ADMIRALTY LAW INSTITUTE