SEA HAVEN INC (EIN 570713478) - 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

1980

Legal Domicile

Principal Officer

CURTIS JOE

Phone

8433994045

Tax Period

2023-01-01 to 2023-12-31

SEA HAVEN INC, founded in 1980, is a community nonprofit in the Crime & Legal sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $560K, a strong 28% operating margin.

Mission

AN ALTERNATIVE TO YOUTH DETENTION AND TO PROVIDE SERVICES TO HOMELESS, RUNAWAY, AT RISK YOUTHS.

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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 $899,018

Program Service Revenue $783,771

Investment Income $21,212

Other Revenue $320,550

TOTAL REVENUE $2,024,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $703,544

Fundraising Expenses $0

Program Expenses $1,381,899

Other Expenses $760,662

TOTAL EXPENSES $1,464,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,024,551	$1,118,151	+0.8%
Expenses	$1,464,206	$1,120,901	+0.3%
Net Income	$560,345	$-2,750	-204.8%

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

Total Directors

$81,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN DEMATTIO	PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTINE COVELLI	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER NICELY	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
MARTY SLAPNIK	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLA WILLIAMS	SECRETARY	2.00	Director	$0	$0	$0
EDWARD ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC LEWIS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER P ROY	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIET CASPER	VICE PRESIDENT	2.00	Director	$0	$0	$0
BRAD ELLIOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
CURTIS JOE	EXECUTIVE DIRECTOR	40.00	Director	$81,061	$0	$81,061

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	$2,024,551	$1,464,206	$2,808,631	$560,345
2022	$1,118,151	$1,120,901	$2,242,262	$-2,750
2021	$1,077,708	$1,031,439	$2,239,530	$46,269
2020	$957,474	$880,875	$2,197,560	$76,599

SEA HAVEN INC