SEA MERCY (EIN 461177904) - 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

2013

Legal Domicile

Principal Officer

RICHARD HACKETT

Phone

5419355846

Tax Period

2024-01-01 to 2024-12-31

SEA MERCY, founded in 2013, is a micro nonprofit in the Health Care sector that reported $26K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 29% operating deficit.

Mission

SEA MERCY OPERATES A VOLUNTEER FLEET OF VESSELS TO MEET THE DISASTER AND CRITICAL CARE NEEDS FOR "REMOTE" ISLANDERS IN THE SOUTH PACIFIC. OUR SIMPLE VISION AND MISSION IS TO "STAND IN THE GAP" WITH TRAINED HEALTH VOLUNTEERS, SUPPORT EQUIPMENT, AND FREE CRITICAL CARE SERVICES UNTIL ISLAND NATIONS DEVELOP THEIR "OUTER ISLAND" HEALTH CARE INFRASTRUCTURE, WHEN CRITICAL HEALTH CARE NEED OPPORTUNITIES ARE PRESENT, OR WHEN DISASTERS OCCUR.

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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 $13,802

Program Service Revenue $0

Investment Income $12,516

Other Revenue $0

TOTAL REVENUE $26,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,000

Other Expenses $33,877

TOTAL EXPENSES $33,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,318	$44,369	-0.4%
Expenses	$33,877	$23,540	+0.4%
Net Income	$-7,559	$20,829	-1.4%

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

N/A

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
RICHARD HACKETT	PRESIDENT	N/A	Officer Director	$0	$0	$0
STEPHANIE HACKETT	VICE PRESIDE	N/A	Director	$0	$0	$0
STEVE WILLIAMS	TREASURER	N/A	Director	$0	$0	$0
WILLIAM FOSTER	BOARD MEMBER	N/A	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
2024	$26,318	$33,877	$260,549	$-7,559
2023	$44,369	$23,540	$268,108	$20,829
2022	$22,160	$49,327	$247,279	$-27,167
2021	$218,914	$145,357	$274,446	$73,557
2020	$235,237	$239,742	$208,294	$-4,505
2019	$12,981	$38,569	$212,799	$-25,588
2018	$192,943	$96,192	$238,387	$96,751

SEA MERCY