SEAFARERS MARITIME UNION

EIN: 521496262

CAMP SPRINGS, MD

Total Revenue
$45,835
Total Expenses
$14,111
Total Assets
$1,984,680
Net Assets
$1,975,680
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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
1986
Legal Domicile
MD
Principal Officer
THOMAS ORZECHOWSKI
Phone
3018990675
Tax Period
2023-01-01 to 2023-12-31

SEAFARERS MARITIME UNION, founded in 1986, is a micro nonprofit that reported $46K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 69% operating margin.

Mission

SUPPORT ITS MEMBERS THROUGH THE COLLECTIVE BARGAINING PROCESS.

Program Service Accomplishments

Program 1

UNION REPRESENTS MEMBERS IN CONTRACT NEGOTIATIONS FOR WAGES.

Program 2

UNION REPRESENTS MEMBERS IN CONTRACT NEGOTIATIONS FOR HEALTH AND WELFARE BENEFITS, PENSION BENEFITS.

Program 3

UNION REPRESENTS MEMBERS IN GRIEVANCES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,951
Investment Income $42,884
Other Revenue $0
TOTAL REVENUE $45,835

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $14,111
TOTAL EXPENSES $14,111

Year-over-Year Comparison

2023 2022 Change
Revenue $45,835 $77,091 -0.4%
Expenses $14,111 $13,055 +0.1%
Net Income $31,724 $64,036 -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

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Governance

Voting Members
4
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
5
$1,404,413
Total Directors
5
$1,404,413
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SACCO PRESIDENT (THROUGH FEB) 3.00
Officer Director
$0 $28,000 $219,572
DAVID HEINDEL PRESIDENT (AS OF FEB) 3.00
Officer Director
$0 $28,000 $289,785
AUGUSTIN TELLEZ VICE PRESIDENT 1.00
Officer Director
$0 $28,000 $284,101
DEAN CORGEY VICE PRESIDENT 1.00
Officer Director
$0 $28,000 $193,823
THOMAS ORZECHOWSKI EXEC VP SEC/TREAS 3.00
Officer Director
$0 $138,137 $417,132
DAWN TALIFORD CONTROLLER 1.00
Highest
$0 $78,519 $258,908
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 No data No data No data No data
2023 $45,835 $14,111 $1,984,680 $31,724
2022 $77,091 $13,055 $1,776,661 $64,036
2021 $48,618 $9,675 $1,935,158 $38,943
2020 $26,708 $7,974 $1,798,309 $18,734
2019 $85,332 $8,650 $1,661,624 $76,682
2018 $31,515 $8,124 $1,525,442 $23,391
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