SEA RESEARCH SOCIETY

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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

1972

Legal Domicile

Principal Officer

EDWARD L SPENCE

Phone

9108992452

Tax Period

2019-01-01 to 2019-12-31

SEA RESEARCH SOCIETY, founded in 1972, is a small nonprofit that reported $243K in total revenue in fiscal year 2019. The organization ran a surplus of $37K, a strong 15% operating margin.

Mission

TO EXPLORE AND PROMOTE SCIENTIFIC AND EDUCATIONAL ENDEAVORS IN ANY OF THE MARINE SCIENCES OR HISTORIES.

Program Service Accomplishments

Program 1

Expenses: $166,942 Revenue: $0

SEA RESEARCH SOCIETY ENTERED SEVERAL AGREEMENTS TO TREASURE HUNT INCLUDING AN EXPEDITION TO DIVE CAPE ROAMINE AND ALSO OTHER SITES IN THE CARIBBEAN WITH GALLEON QUEST AND TREASURE SEARCH & RECOVERY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $242,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $242,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,169

Fundraising Expenses $0

Program Expenses $166,942

Other Expenses $165,891

TOTAL EXPENSES $206,060

Year-over-Year Comparison

	2019	2018	Change
Revenue	$242,750	N/A	N/A
Expenses	$206,060	N/A	N/A
Net Income	$36,690	N/A	N/A

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

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

$24,907

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD LEE SPENCE	PRESIDENT	70.00	Officer	$24,907	$0	$24,907

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
2019	$242,750	$206,060	$113,307	$36,690