SEASHORE GARDENS FOUNDATION (EIN 562424727) - 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

2003

Legal Domicile

Principal Officer

MARTIN KLEIN

Phone

6094044848

Tax Period

2023-01-01 to 2023-12-31

SEASHORE GARDENS FOUNDATION, founded in 2003, is a small nonprofit in the Health Care sector that reported $273K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $509K exceeded revenue, resulting in a 87% operating deficit.

Mission

TO SUPPORT VARIOUS PROGRAMS AND SERVICES AT SEASHORE GARDENS LIVING CENTER

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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 $69,445

Program Service Revenue $203,577

Investment Income $5,291

Other Revenue $-5,515

TOTAL REVENUE $272,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $401,120

Fundraising Expenses $198,235

Program Expenses $69,365

Other Expenses $108,242

TOTAL EXPENSES $509,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,798	$645,522	-0.6%
Expenses	$509,362	$605,424	-0.2%
Net Income	$-236,564	$40,098	-6.9%

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

$253,529

Total Directors

$253,529

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN H KLEIN	TREASURER	34.00	Officer Director	$228,323	$25,206	$253,529
RICHARD COHEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHIRLEY LABOV BERNSTEIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JANICE CAMBRON	SECRETARY	1.00	Director	$0	$0	$0
JOHN SCHULZE	TRUSTEE	1.00	Director	$0	$0	$0
TED RICH CLU	TRUSTEE	1.00	Director	$0	$0	$0
ED BLAKE	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN JACKSON MBA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BAKER	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN CHANG	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD BERNSTEIN	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$272,798	$509,362	$2,404,716	$-236,564
2022	$645,522	$605,424	$3,241,494	$40,098
2021	$866,664	$836,487	$2,658,211	$30,177
2020	$673,380	$573,091	$2,609,656	$100,289
2019	$1,412,993	$604,079	$2,598,117	$808,914
2018	$703,285	$547,119	$1,826,349	$156,166

SEASHORE GARDENS FOUNDATION