SEEQS FOUNDATION

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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

2012

Legal Domicile

Principal Officer

RICHARD WALLSGROVE

Phone

8086773377

Tax Period

2023-07-01 to 2024-06-30

SEEQS FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $178K in total revenue in fiscal year 2023. The organization ran a surplus of $114K, a strong 64% operating margin.

Mission

(A) TO SERVE AS A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE TO THE SCHOOL FOR EXAMINING ESSENTIAL QUESTIONS OF SUSTAINABILITY (SEEQS), A HAWAII PUBLIC CHARTER SCHOOL AND ENTITY DESCRIBED IN SECTION 170(B)(1)(A)(V) OF THE INTERNAL REVENUE CODE, AND, IN THIS CAPACITY, TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF SEEQS; AND (B) TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, EDUCATIONAL AND SCIENTIFIC PURPOSES, WITHIN THE MEANING OF THE SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

Expenses: $51,633

CONTINUED EXECUTING THE FOUNDATION'S FUNDRAISING, GRANTS PLAN, AND SUPPORTER ENGAGEMENT PLAN IN SUPPORT OF OUR EXEMPT PURPOSE; FOR EXAMPLE, THE FOUNDATION ASSISTED TO MAKE IT POSSIBLE FOR THE SEEQS SCHOOL (WHICH EDUCATES MORE THAN 100 MIDDLE SCHOOL STUDENTS) TO MEET TARGETS RELATED TO FINANCIAL SUSTAINABILITY, EDUCATIONAL EXCELLENCE, AND CONTINUED WORK TOWARDS GROWTH. THE FOUNDATION ALSO HELPED SEEQS SCHOOL HIRE A DIRECTOR OF DEVELOPMENT TO IMPROVE ITS COMMUNICATION AND DEVELOPMENT WORK. AND PERHAPS MOST IMPORTANTLY, THE FOUNDATION CONTINUES TO LEASE A SITE TO HOUSE THE SCHOOL AND ASSISTS IN SECURING A LONG-TERM FACILITY TO HOUSE THE SCHOOL.

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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 $147,941

Program Service Revenue $0

Investment Income $26,194

Other Revenue $3,900

TOTAL REVENUE $178,035

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,633

Other Expenses $53,944

TOTAL EXPENSES $63,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,035	$185,386	0.0%
Expenses	$63,944	$110,339	-0.4%
Net Income	$114,091	$75,047	+0.5%

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

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 WALLSGROVE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FOSTER	VICE-PRESIDE	1.00	Officer Director	$0	$0	$0
CHASE LIVINGSTON	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN LUOMA	TREASURER	1.00	Officer Director	$0	$0	$0
EVAN REPPUN BEACHY	DIRECTOR	1.00	Director	$0	$0	$0
LORI KAHIKINA	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT KIMURA	DIRECTOR	1.00	Director	$0	$0	$0
BRAD PUNU	DIRECTOR	1.00	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	$178,035	$63,944	$934,789	$114,091
2023	$185,386	$110,339	$811,318	$75,047
2022	$135,406	$76,366	$742,235	$59,040
2021	$394,996	$13,650	$695,969	$381,346