The Seasteading Institute (EIN 262386590) - 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

Phone

8667436660

Tax Period

2024-01-01 to 2024-12-31

The Seasteading Institute, founded in 2008, is a small nonprofit in the Social Science sector that reported $512K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 28% operating margin.

Mission

Works to enable floating societies which will allow the next generation of pioneers to test new ideas for government

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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 $423,361

Program Service Revenue $0

Investment Income $88,991

Other Revenue $0

TOTAL REVENUE $512,352

Expense Breakdown

Grants Paid $117,000

Salaries & Benefits $199,459

Fundraising Expenses $25,731

Program Expenses $304,958

Other Expenses $49,939

TOTAL EXPENSES $366,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$512,352	$337,348	+0.5%
Expenses	$366,398	$519,781	-0.3%
Net Income	$145,954	$-182,433	-1.8%

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

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

$108,486

Total Directors

$108,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Quirk	President	43.00	Officer Director	$87,740	$20,746	$108,486
Michael Strong	Board Member	1.00	Director	$0	$0	$0
OShane Balloun	Secretary	1.00	Officer Director	$0	$0	$0
James Von Ehr	Board Member	1.00	Director	$0	$0	$0
Katie Chowne	Treasurer	1.00	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
2024	$512,352	$366,398	$635,037	$145,954
2023	$337,348	$519,781	$488,414	$-182,433
2022	$666,268	$470,492	$721,499	$195,776
2021	$279,515	$286,863	$951,532	$-7,348
2020	$433,707	$236,230	$737,743	$197,477
2018	$374,148	$325,850	$439,030	$48,298

The Seasteading Institute