SEACAMP ASSOCIATION INC (EIN 591144011) - 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

1966

Legal Domicile

Principal Officer

REECE SPENCER

Phone

3058722331

Tax Period

2023-10-01 to 2024-09-30

SEACAMP ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $440K, a strong 18% operating margin.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE MARINE ENVIRONMENT EDUCATION.

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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 $263,934

Program Service Revenue $1,585,168

Investment Income $103,395

Other Revenue $467,105

TOTAL REVENUE $2,419,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $884,724

Fundraising Expenses $27,285

Program Expenses $1,782,708

Other Expenses $1,094,699

TOTAL EXPENSES $1,979,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,419,602	$1,800,937	+0.3%
Expenses	$1,979,423	$2,154,805	-0.1%
Net Income	$440,179	$-353,868	-2.2%

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

$122,925

Total Directors

$122,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REECE SPENCER	CEO/SECRETAR	50.00	Officer Director	$82,500	$40,425	$122,925
JEAN MAUK	PRESIDENT	0.25	Officer Director	$0	$0	$0
BARRETT JOHNSON ESQ	VP & TREASUR	0.25	Officer Director	$0	$0	$0
ELENA ISTOMINA	BOARD MEMBER	0.25	Director	$0	$0	$0
BRIAN STONE	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNIFER CARLAN	BOARD MEMBER	0.25	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	$2,419,602	$1,979,423	$5,621,053	$440,179
2023	$1,800,937	$2,154,805	$5,640,509	$-353,868
2022	$1,714,971	$1,480,548	$5,463,041	$234,423
2021	$1,196,027	$1,433,649	$5,408,638	$-237,622
2020	$506,635	$1,350,167	$5,405,905	$-843,532
2019	$3,312,528	$2,110,449	$7,381,995	$1,202,079
2018	$3,898,521	$3,226,426	$6,347,988	$672,095

SEACAMP ASSOCIATION INC