SEASIDE SUSTAINABILITY INC (EIN 474993870) - 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

2015

Legal Domicile

Principal Officer

ERIC MAGERS

Phone

9783813302

Tax Period

2023-01-01 to 2023-12-31

SEASIDE SUSTAINABILITY INC, founded in 2015, is a small nonprofit in the Environment sector that reported $132K in total revenue in fiscal year 2023. Expenses of $462K exceeded revenue, resulting in a 249% operating deficit.

Mission

TO PRESERVE AND PROTECT THE WORLD'S OCEANS, SEAS, WETLANDS, AND ESTUARIES BY MOTIVATING CITIZENS TO EVALUATE THE CRITICAL ISSUES FACING THE WATER ENVIRONMENT, EDUCATING THE PUBLIC ON BEST PRACTICES FOR SUSTAINABILITY, AND PROVIDING GUIDANCE FOR TAKING EFFECTIVE ACTION.

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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 $131,945

Program Service Revenue $0

Investment Income $419

Other Revenue $0

TOTAL REVENUE $132,364

Expense Breakdown

Grants Paid $315,511

Salaries & Benefits $71,310

Fundraising Expenses $18,471

Program Expenses $384,303

Other Expenses $75,591

TOTAL EXPENSES $462,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,364	$126,714	+0.0%
Expenses	$462,412	$148,034	+2.1%
Net Income	$-330,048	$-21,320	+14.5%

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

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

$65,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC MAGERS	EXECUTIVE DIRECTOR	40.00	Director	$65,631	$0	$65,631
RON MAGERS	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE PIHL	TREASURER & CLERK	2.00	Officer Director	$0	$0	$0
JESSE DEBENEDICTIS	DIRECTOR	2.00	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
2023	$132,364	$462,412	$55,179	$-330,048
2022	$126,714	$148,034	$381,908	$-21,320
2021	$101,062	$54,482	$381,870	$46,580

SEASIDE SUSTAINABILITY INC