SOUTHEASTERN EMPLOYMENT AND TRAINING ASSOCIATION (EIN 640763625) - 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

1974

Legal Domicile

Principal Officer

LISA THOMAS TREASURER

Phone

8646530663

Tax Period

2023-07-01 to 2024-06-30

SOUTHEASTERN EMPLOYMENT AND TRAINING ASSOCIATION, founded in 1974, is a small nonprofit in the Community Improvement sector that reported $783K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 15% operating margin.

Mission

THE SOUTHEASTERN EMPLOYMENT AND TRAINING ASSOCIATION ("SETA") IS A REGIONAL ORGANIZATION OF PROFESSIONALS AND POLICY MAKERS REPRESENTING ALL AREAS OF WORKFORCE DEVELOPMENT. SETA'S SOLE PURPOSE IS TO PROVIDE AN INFORMATION EXCHANGE PROCESS THAT WILL ASSIST THE MEMBERSHIP IN MORE EFFECTIVELY IMPROVING INDIVIDUAL KNOWLEDGE AND SKILL IN UTILIZING JOB TRAINING RESOURCES.

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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 $31,500

Program Service Revenue $738,091

Investment Income $13,006

Other Revenue $0

TOTAL REVENUE $782,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $460,216

Other Expenses $662,964

TOTAL EXPENSES $662,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$782,597	$512,433	+0.5%
Expenses	$662,964	$615,589	+0.1%
Net Income	$119,633	$-103,156	-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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SEYMORE	PRESIDENT	2.00	Officer Director	$0	$0	$0
NAPOLEON BRACY JR	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
LATUNYA GOODWIN	1ST VICE PRE	1.00	Director	$0	$0	$0
SHERON MORGAN	2ND VICE PRE	1.00	Director	$0	$0	$0
LISA THOMAS TREASURER	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA BETHEA	ALABAMA STAT	1.00	Director	$0	$0	$0
AMY GLASSCOCK	KENTUCKY STA	1.00	Director	$0	$0	$0
KENNY JETT	MISSISSIPPI	1.00	Director	$0	$0	$0
SOLOMON MCAULEY	NC STATE REP	1.00	Director	$0	$0	$0
KAL KUNKEL	SC STATE REP	1.00	Director	$0	$0	$0
AMY EZELL	TENNESSEE ST	1.00	Director	$0	$0	$0
DOLLY HOLLAN	KENTUCKY BOA	1.00	Director	$0	$0	$0
WINSTON TOMPOE	US DOL REP	1.00	Director	$0	$0	$0
JAMIE JORDAN	PRIVATE SECT	1.00	Director	$0	$0	$0
AKIL BEKTEMBA	GENL MEMBERS	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
2025	No data	No data	No data	No data
2024	$782,597	$662,964	$881,609	$119,633
2023	$512,433	$615,589	$731,945	$-103,156
2022	$451,318	$538,077	$837,151	$-86,759
2021	$52,931	$301,601	$924,139	$-248,670

SOUTHEASTERN EMPLOYMENT AND TRAINING ASSOCIATION