SEAL Veterans Foundation (EIN 831992160) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Dave Morrison

Tax Period

2023-01-01 to 2023-12-31

SEAL Veterans Foundation, founded in 2018, is a small nonprofit in the Human Services sector that reported $212K in total revenue in fiscal year 2020. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 19% operating margin.

Mission

Veteran Life Assistance and Scholarship programs for SEAL, Underwater Demolition Team and Special Warfare Veterans and their families.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $525,337

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $525,337

Expense Breakdown

Grants Paid $57,500

Salaries & Benefits $0

Fundraising Expenses $62,187

Program Expenses $57,500

Other Expenses $77,476

TOTAL EXPENSES $134,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,337	N/A	N/A
Expenses	$134,976	N/A	N/A
Net Income	$390,361	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
Brad Treadway	Director	Director	$0	$0	$0
Jeff Utsch	Director	Director	$0	$0	$0
Chris Caplinger	Director	Director	$0	$0	$0
Drew Sande	Director	Director	$0	$0	$0
Dave Morrison	Executive Director	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	$525,337	$134,976	$738,096	$390,361
2022	$445,577	$276,455	$336,032	$169,122
2021	$282,562	$272,298	$163,523	$10,264
2020	$212,147	$170,950	$153,259	$41,197

SEAL Veterans Foundation