SEAFAIR FOUNDATION (EIN 261233489) - 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

2009

Legal Domicile

Principal Officer

ERIC CORNING

Phone

2067280123

Tax Period

2019-01-01 to 2019-12-31

SEAFAIR FOUNDATION, founded in 2009, is a small nonprofit that reported $216K in total revenue in fiscal year 2019. Expenses of $185K left a modest 14% surplus.

Mission

THE SEAFAIR FOUNDATION, THE CHARITABLE PARTNER OF THE SEAFAIR FESTIVAL, EMPOWERS FUTURE LEADERS AND CONNECTS OUR COMMUNITIES THROUGH EDUCATIONAL AND CULTURAL EXPERIENCES.

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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 $227,409

Program Service Revenue $0

Investment Income $0

Other Revenue $-11,386

TOTAL REVENUE $216,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,555

Fundraising Expenses $32,000

Program Expenses $121,491

Other Expenses $48,936

TOTAL EXPENSES $185,491

Year-over-Year Comparison

	2019	2018	Change
Revenue	$216,023	$218,035	0.0%
Expenses	$185,491	$219,943	-0.2%
Net Income	$30,532	$-1,908	-17.0%

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

Volunteers

500

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

$46,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD ANDERSEN	PRESIDENT &	10.00	Officer	$0	$44,195	$44,195
ERIC CORNING	PRESIDENT &	10.00	Officer	$0	$2,603	$2,603
JOEL ANDRUS	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN COULOMBE	DIRECTOR	1.00	Director	$0	$0	$0
JAYMELINA ESMELE	DIRECTOR	1.00	Director	$0	$0	$0
SASHA GOUREVITCH	CHAIR	1.00	Officer Director	$0	$0	$0
AMANDA O'ROURKE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SHAW	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
2019	$216,023	$185,491	No data	$30,532
2018	$218,035	$219,943	$96,813	$-1,908

SEAFAIR FOUNDATION