UNDER SEA ADVENTURERS INC (EIN 650139609) - 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

1971

Legal Domicile

Principal Officer

Nils Jacobsen

Phone

9546057405

Tax Period

2023-01-01 to 2023-12-31

UNDER SEA ADVENTURERS INC, founded in 1971, is a small nonprofit that reported $334K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

Scuba Diving club: Overseas diving, Local Diving, Monthly informational and/or educational meetings, occasional social activities

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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 $3,924

Program Service Revenue $327,853

Investment Income $1,803

Other Revenue $0

TOTAL REVENUE $333,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $310,317

Other Expenses $327,041

TOTAL EXPENSES $327,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,580	$241,434	+0.4%
Expenses	$327,041	$240,569	+0.4%
Net Income	$6,539	$865	+6.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Chris Hardham	President	Officer	$0	$0	$0
Nils Jacobsen	VP Overseas Diving	Officer	$0	$0	$0
Rick Dayan	VP Program	Officer	$0	$0	$0
Veronica Farr	Treasurer	Officer	$0	$0	$0
Ryan Goheen	VP Local Diving	Officer	$0	$0	$0
Amy Wellman	Secretary	Officer	$0	$0	$0
Lureen Ferrettu	VP of Social Events	Officer	$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	$333,580	$327,041	$132,272	$6,539
2023	$333,580	$327,041	$132,272	$6,539
2022	$241,434	$240,569	$254,517	$865
2022	$241,434	$240,569	$254,517	$865

UNDER SEA ADVENTURERS INC