THE SEASIDE SCHOOL FOUNDATION INC (EIN 261979343) - 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

2008

Legal Domicile

Principal Officer

PATRICK MCCARTHY

Phone

8502310396

Tax Period

2024-07-01 to 2025-06-30

THE SEASIDE SCHOOL FOUNDATION INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $692K, a strong 45% operating margin.

Mission

TO SUPPORT AND CARRY OUT THE CHARITABLE FUNCTIONS OF THE SEASIDE SCHOOL INC., BY PROVIDING FINANCIAL SUPPORT AND OTHER AID TO THE SCHOOL.

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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 $1,073,209

Program Service Revenue $0

Investment Income $167,000

Other Revenue $281,850

TOTAL REVENUE $1,522,059

Expense Breakdown

Grants Paid $433,089

Salaries & Benefits $88,030

Fundraising Expenses $0

Program Expenses $829,930

Other Expenses $308,811

TOTAL EXPENSES $829,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,522,059	$1,598,977	0.0%
Expenses	$829,930	$1,561,862	-0.5%
Net Income	$692,129	$37,115	+17.6%

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

600

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
PATRICK MCCARTHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICK VLAHOS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSH TRAPP	TREASURER	2.00	Officer Director	$0	$0	$0
SHANNON WIDMAN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE KERRIGAN	DIRECTOR	2.00	Director	$0	$0	$0
KAV TUCKER	DIRECTOR	2.00	Director	$0	$0	$0
FARRAR BARKER	DIRECTOR	2.00	Director	$0	$0	$0
TOM GLAVINE	DIRECTOR	2.00	Director	$0	$0	$0
TERESA HORTON	EXECUTIVE DIRECTOR	40.00	Key Emp	$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
2025	$1,522,059	$829,930	$6,754,975	$692,129
2024	$1,598,977	$1,561,862	$6,058,184	$37,115
2023	$975,147	$853,924	$6,367,363	$121,223
2022	$887,831	$553,346	$6,200,763	$334,485
2021	$966,782	$788,400	$4,814,228	$178,382
2020	$1,080,998	$2,159,375	$4,601,029	$-1,078,377
2019	$1,439,723	$1,071,871	$5,730,446	$367,852
2018	$822,590	$780,028	$4,373,355	$42,562

THE SEASIDE SCHOOL FOUNDATION INC