SEACOAST EAT LOCAL INC

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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

2011

Legal Domicile

Principal Officer

ABBY LAMOTHE

Phone

6032414400

Tax Period

2023-07-01 to 2024-06-30

SEACOAST EAT LOCAL INC, founded in 2011, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $373K in total revenue in fiscal year 2023. Expenses of $427K exceeded revenue, resulting in a 14% operating deficit.

Mission

MISSION: SEACOAST EAT LOCAL CULTIVATES A THRIVING FOOD ECONOMY BY BUILDING BRIDGES BETWEEN REGIONAL FOOD PRODUCERS AND CONSUMERS. OUR VISION IS THAT THE SEACOAST REGION WILL HAVE A VIBRANT, DIVERSE COMMUNITY OF SUCCESSFUL FARMS AND FOOD PRODUCERS AND EVER-EXPANDING ACCESS FOR CONSUMERS.

Program Service Accomplishments

Program 1

Expenses: $67,546 Revenue: $11,230

SNAP - OPERATION OF A SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM TO OFFER INCENTIVES TO LOW-INCOME INDIVIDUALS AND FAMILIES. THE PROGRAM ENABLES SNAP RECIPIENTS TO DOUBLE THEIR SNAP DOLLARS TO...

SNAP - OPERATION OF A SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM TO OFFER INCENTIVES TO LOW-INCOME INDIVIDUALS AND FAMILIES. THE PROGRAM ENABLES SNAP RECIPIENTS TO DOUBLE THEIR SNAP DOLLARS TO PURCHASE LOCAL FRUITS AND VEGETABLES AT FARMERS' MARKETS, FARM STANDS, AND COMMUNITY SUPPORTED AGRICULTURE (CSA) SHARES.

Program 2

Expenses: $62,252 Revenue: $1,500

MOBILE MARKET EDUCATION PROGRAMS - A SERIES OF PROGRAMS THAT CREATE MORE AWARENESS AND DEMAND FOR LOCAL FOOD. WE PROVIDE FUN AND ENGAGING POP-UP FARMERS MARKET EVENTS TO TEACH PEOPLE ABOUT THE...

MOBILE MARKET EDUCATION PROGRAMS - A SERIES OF PROGRAMS THAT CREATE MORE AWARENESS AND DEMAND FOR LOCAL FOOD. WE PROVIDE FUN AND ENGAGING POP-UP FARMERS MARKET EVENTS TO TEACH PEOPLE ABOUT THE VARIETY OF LOCAL FOODS AVAILABLE IN THE REGION. THIS IS DONE THROUGH K-5 SCHOOLS, HOSPITALS/WELLNESS SITES, AND OTHER COMMUNITY LOCATIONS. THESE EVENTS HELP GIVE FAMILIES THE SKILLS, KNOWLEDGE, AND CONFIDENCE THEY NEED TO BECOME AN ACTIVE PART OF THE LOCAL FOOD ECONOMY.

Program 3

Expenses: $62,025 Revenue: $45,291

SUMMER FARMERS' MARKET - OPERATION OF FOUR WEEKLY SUMMER FARMERS' MARKETS TAKING PLACE FROM MAY THROUGH OCTOBER. THIS INCLUDES PORTSMOUTH (SATURDAYS), EXETER (THURSDAYS), DOVER (WEDNESDAYS), AND...

SUMMER FARMERS' MARKET - OPERATION OF FOUR WEEKLY SUMMER FARMERS' MARKETS TAKING PLACE FROM MAY THROUGH OCTOBER. THIS INCLUDES PORTSMOUTH (SATURDAYS), EXETER (THURSDAYS), DOVER (WEDNESDAYS), AND DURHAM (MONDAYS). THE MARKETS ARE MADE UP OF A VARIETY OF DIFFERENT VENDORS WHO SELL FRUIT, VEGETABLES, MEAT, SEAFOOD, EGGS, HONEY, MAPLE SYRUP, BAKED GOODS, VALUE-ADDED FOODS, HOT PREPARED FOOD, CRAFTS, AND BODY CARE PRODUCTS. ALL OF OUR VENDORS MAKE, GROW, HARVEST, CATCH, OR CRAFT 100% OF THE PRODUCTS THEY SELL AT THE MARKET. WE ALSO HAVE MUSICIANS, NONPROFITS, AND OTHER GUESTS TO HELP MAKE THE MARKETS FUN, COMMUNITY-ORIENTED, AND ENGAGING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $237,849

Program Service Revenue $122,996

Investment Income $5,190

Other Revenue $7,443

TOTAL REVENUE $373,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,590

Fundraising Expenses $26,895

Program Expenses $288,722

Other Expenses $159,701

TOTAL EXPENSES $427,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$373,478	$370,270	+0.0%
Expenses	$427,291	$451,411	-0.1%
Net Income	$-53,813	$-81,141	-0.3%

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

$69,808

Total Directors