LEGASEAS INC (EIN 364516825) - 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

Principal Officer

DEBORAH ADAMS

Phone

2033003515

Tax Period

2022-07-01 to 2023-06-30

LEGASEAS INC is a small nonprofit in the Environment sector that reported $128K in total revenue in fiscal year 2022. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $320K exceeded revenue, resulting in a 150% operating deficit.

Mission

THE PRIMARY MISSION OF LEGASEAS IS ADVANCING MEASURABLE PROGRESS IN THE PROTECTION OF THE OCEANS AND PLANET THROUGH: 1. RAISING AWARENESS OF THE STATE OF THE PLANET AND ACTIONS REQUIRED OF GLOBAL CITIZENRY TO COMBAT SPECIES EXTINCTION AND CLIMATE CHANGE 2. ENDING COMMERCIAL WHALING & CAPTIVITY OF CETACEANS 3. SUPPORT AND EXPANSION OF ECO-TOURISM AS A SUSTAINABLE ALTERNATIVE TO SPECIES EXTRACTION AND HABITAT DEGRADATION 4. SUPPORTING PASSIONATE INDIVIDUALS, FILM MAKERS, AND CHANGE AGENTS 5. SUPPORTING BUSINESS MODELS WHERE SUSTAINABLE CHANGE IS CORE ROI

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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 (2022)

Revenue Breakdown

Contributions & Grants $127,876

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $127,876

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $316,128

Other Expenses $318,746

TOTAL EXPENSES $319,746

Year-over-Year Comparison

	2022	2021	Change
Revenue	$127,876	$338,120	-0.6%
Expenses	$319,746	$143,678	+1.2%
Net Income	$-191,870	$194,442	-2.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH ADAMS	EXECUTIVE DI	3.00	Officer Director	$0	$0	$0
JENNIFER HEGERTY	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JENNIFER NOLAN	SENIOR PARTN	1.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$127,876	$319,746	$14,562	$-191,870
2022	$338,120	$143,678	$206,732	$194,442

LEGASEAS INC