SEAWAY MUTUAL INSURANCE COMPANY (EIN 251261621) - 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

1971

Legal Domicile

Principal Officer

MATTHEW J BALDWIN

Phone

8144544541

Tax Period

2018-01-01 to 2018-12-31

SEAWAY MUTUAL INSURANCE COMPANY, founded in 1971, is a micro nonprofit that reported $74K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. Expenses of $106K exceeded revenue, resulting in a 43% operating deficit.

Mission

INSURANCE COVERAGE

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,565

Investment Income $38,421

Other Revenue $0

TOTAL REVENUE $73,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $105,960

TOTAL EXPENSES $105,960

Year-over-Year Comparison

	2018	2017	Change
Revenue	$73,986	$85,602	-0.1%
Expenses	$105,960	$117,117	-0.1%
Net Income	$-31,974	$-31,515	+0.0%

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

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	Role	Reportable Comp	Other Comp	Total
MATTHEW J BALDWIN	PRESIDENT	Officer	$0	$0	$0
CHRISTOPHER S BALDWIN	SECRETARY	Officer	$0	$0	$0
GREGORY G BALDWIN	VICE-PRESIDENT	Officer	$0	$0	$0
BRIAN T FERRARO	TREASURER	Officer	$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
2018	$73,986	$105,960	$2,096,806	$-31,974

SEAWAY MUTUAL INSURANCE COMPANY