INLAND SEAS EDUCATION ASSOCIATION

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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

1989

Legal Domicile

Principal Officer

FRED SITKINS

Phone

2312713077

Tax Period

2024-01-01 to 2024-12-31

INLAND SEAS EDUCATION ASSOCIATION, founded in 1989, is a community nonprofit in the Environment sector that reported $3.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.7M, a strong 50% operating margin.

Mission

THE INLAND SEAS EDUCATION ASSOCIATION (ISEA) IS A NON-PROFIT CHARITABLE ORGANIZATION WITH THE MISSION TO INSPIRE A LIFETIME OF GREAT LAKES CURIOSITY, STEWARDSHIP, AND PASSION IN PEOPLE OF ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $1,081,600 Revenue: $261,620

ENVIRONMENTAL STEWARDSHIP EDUCATION: TO PROVIDE SHIPBOARD AND ONSHORE GREAT LAKES EDUCATION PROGRAMS TO STUDENTS, FAMILIES, AND ADULTS. SINCE ITS FOUNDING IN 1989, OVER 150,000 PEOPLE HAVE SAILED...

ENVIRONMENTAL STEWARDSHIP EDUCATION: TO PROVIDE SHIPBOARD AND ONSHORE GREAT LAKES EDUCATION PROGRAMS TO STUDENTS, FAMILIES, AND ADULTS. SINCE ITS FOUNDING IN 1989, OVER 150,000 PEOPLE HAVE SAILED UPON ISEA'S TALL SHIPS.

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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 $3,142,782

Program Service Revenue $234,727

Investment Income $75,164

Other Revenue $34,934

TOTAL REVENUE $3,487,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $961,432

Fundraising Expenses $469,462

Program Expenses $1,081,600

Other Expenses $776,798

TOTAL EXPENSES $1,738,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,487,607	$3,594,817	0.0%
Expenses	$1,738,230	$1,809,852	0.0%
Net Income	$1,749,377	$1,784,965	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

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

$189,249

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FORBES	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY SCHAEFFER	BOARD MEMBER	1.00	Director	$0	$0	$0
CONSTANZA HAZELWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC SEEFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY SOMSEL	SECRETARY	2.00	Officer Director	$0	$0	$0
PAT CURTIN	TREASURER	2.00	Officer Director	$0	$0	$0
WILLIAM CHANEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN SEEFELD	PRESIDENT	4.00	Officer Director	$0	$0	$0
FRED SITKINS	EXECUTIVE DIRECTOR	40.00	Officer	$162,495	$26,754	$189,249

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	$3,487,607	$1,738,230	$8,618,824	$1,749,377
2023	$3,594,817	$1,809,852	$7,418,604	$1,784,965
2022	$2,325,670	$1,327,914	$5,701,485	$997,756
2021	$1,789,490	$1,114,437	$4,210,803	$675,053
2020	$1,138,042	$908,930	$3,506,837	$229,112
2019	$966,792	$894,821	$3,542,265	$71,971
2018	$1,251,478	$886,032	$2,954,542	$365,446