SEASHORE UNITED METHODIST ASSEMBLY

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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

1871

Legal Domicile

Principal Officer

DAVID HUFFMAN

Phone

2284366767

Tax Period

2024-01-01 to 2024-12-31

SEASHORE UNITED METHODIST ASSEMBLY, founded in 1871, is a small nonprofit that reported $409K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $478K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MINISTRY IS DESIGNED TO CREATE AN ATMOSPHERE AND PROGRAMS THAT FOSTER SPIRITUAL GROWTH AND EMPOWERMENT CROSS-GENERATIONALLY.

Program Service Accomplishments

Program 1

Expenses: $384,195 Revenue: $220,725

THE ORGANIZATION PROVIDES RETREAT AND MEETING FACILITIES TO FOSTER, PROMOTE AND DEVELOP CHRISTIAN FELLOWSHIP, EVANGELISM, AND EDUCATION. IN 2024, SEASHORE UNITED METHODIST ASSEMBLY HOSTED...

THE ORGANIZATION PROVIDES RETREAT AND MEETING FACILITIES TO FOSTER, PROMOTE AND DEVELOP CHRISTIAN FELLOWSHIP, EVANGELISM, AND EDUCATION. IN 2024, SEASHORE UNITED METHODIST ASSEMBLY HOSTED APPROXIMATELY 34 GROUPS, WITH ABOUT 1,475 PEOPLE STAYING 310 NIGHTS DURING THE YEAR. THE ORGANIZATION ALSO SERVED APPROXIMATELY 5,108 MEALS IN THE CAFETERIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $164,548

Program Service Revenue $220,725

Investment Income $23,723

Other Revenue $0

TOTAL REVENUE $408,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,271

Fundraising Expenses $0

Program Expenses $384,195

Other Expenses $280,547

TOTAL EXPENSES $477,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,996	$565,274	-0.3%
Expenses	$477,818	$518,229	-0.1%
Net Income	$-68,822	$47,045	-2.5%

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

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

$60,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH W DOUGLAS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CONNIE HELMUTH	SECRETARY	2.00	Officer Director	$0	$0	$0
KIM REEDER	ASST SECRETARY	2.00	Officer Director	$0	$0	$0
LILLIE ANN WYATT	TRUSTEE	2.00	Director	$0	$0	$0
REV CLIFF BURRIS	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY T MCCULLUM	TRUSTEE	2.00	Director	$0	$0	$0
DUNCAN NOBLE	TRUSTEE	2.00	Director	$0	$0	$0
REV ELIJAH MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
REVDR SHARMA LEWIS	TRUSTEE	2.00	Director	$0	$0	$0
REV DAYNA GOFF	TRUSTEE	2.00	Director	$0	$0	$0
LARRY HILLIARD	TRUSTEE	2.00	Director	$0	$0	$0
DAVID HUFFMAN	EXECUTIVE DIRECTOR	40.00	Officer	$31,223	$0	$31,223
MICHAEL HEDGEPATH	RETIRED EXECUTIVE DIRECTOR	40.00	Officer	$29,751	$0	$29,751

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	$408,996	$477,818	$696,213	$-68,822
2023	$565,274	$518,229	$760,381	$47,045
2022	$610,496	$590,027	$714,044	$20,469
2021	$473,391	$474,497	$693,470	$-1,106
2020	$495,570	$437,184	$694,365	$58,386
2019	$578,924	$560,656	$637,250	$18,268
2018	$605,088	$556,362	$624,066	$48,726