My Sea Hope Inc

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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

2019

Legal Domicile

Principal Officer

Carlton W Puryear Jr

Phone

3367066504

Tax Period

2025-01-01 to 2025-12-31

My Sea Hope Inc, founded in 2019, is a small nonprofit in the Public Safety sector that reported $300K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $290K left a modest 3% surplus.

Mission

Sea Hope made 5 humanitarian trips to Haiti and 1 to Jamaica in 2025. A total of 270,000lbs of food, baby formula, baby diapers, and other cargo were delivered and distributed to the needy.

Program Service Accomplishments

Program 1

Expenses: $161,045

February 2025 carried 50,000 pounds of supplies to a Childrens Home and 16 Churches in Haiti. March 2025 carried 45,000lbs to 9 churches in Jacmel. May 2025 carried 40,000lbs baby supplies to...

February 2025 carried 50,000 pounds of supplies to a Childrens Home and 16 Churches in Haiti. March 2025 carried 45,000lbs to 9 churches in Jacmel. May 2025 carried 40,000lbs baby supplies to Arachaie, Haiti July 2025 carried 50,000lbs of food, rehab equip, and school supplies to Jacmel for 24 nonprofit and churches. October 2025 carried 45,000lb of food and supplies for 16 churches and childrens home in Jacmel. Nov 2025 carried 40,000lbs of food to Jamaica for Hurricane Melissa relief

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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 (2025)

Revenue Breakdown

Contributions & Grants $295,428

Program Service Revenue $0

Investment Income $4,813

Other Revenue $0

TOTAL REVENUE $300,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $740

Fundraising Expenses $0

Program Expenses $161,045

Other Expenses $289,105

TOTAL EXPENSES $289,845

Year-over-Year Comparison

	2025	2024	Change
Revenue	$300,241	$261,842	+0.1%
Expenses	$289,845	$223,381	+0.3%
Net Income	$10,396	$38,461	-0.7%

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
CARLTON W PURYEAR JR	PresidentED	40.00	Officer Director	$0	$0	$0
FRANKLIN E OLAFSON	VicePresDirector	2.00	Director	$0	$0	$0
STEVEN E LOY	TreasurerDirector	2.00	Director	$0	$0	$0
DAVID SHAFFER	Deputation Director	2.00	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	$300,241	$289,845	$454,864	$10,396
2024	No data	No data	No data	No data
2023	$207,843	$202,342	$405,311	$5,501
2021	$215,939	$122,386	$375,711	$93,553
2020	$185,800	$116,853	$282,133	$68,947
2019	$346,314	$124,653	$221,661	$221,661