SEAWELLS CREATIVE DAYCARE 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

2005

Legal Domicile

Phone

3366211045

Tax Period

2023-01-01 to 2023-12-31

SEAWELLS CREATIVE DAYCARE INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $333K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $375K exceeded revenue, resulting in a 13% operating deficit.

Mission

AFFORDABLE CHILDCARE TO LOW INCOME PARENTS

Program Service Accomplishments

Program 1

Expenses: $357,947 Revenue: $332,756

WE WERE ABLE TO SERVE 125 CHILDREN, THE MAJORITY FROM LOW INCOME/ SINGLE PARENT FAMILIES WITH QUALITY CHILD CARE AND PROVIDE NUTRITIOUS MEALS. WE ARE AN AT-RISK AFTER- SCHOOL PROGRAM.

Program 2

Expenses: $16,821 Revenue: $16,821

WE EXPOSE THE CHILDREN TO A VARIETY OF SOCIAL AND CULTURAL SITUATIONS AS WELL AS HELPING DEVELOP PHYSICAL SKILLS ALL THROUGH RECREATIONAL ACTIVITIES SUCH AS ROLLER SKATING, ICE SKATING, FIELD TRIPS...

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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 $0

Program Service Revenue $332,756

Investment Income $0

Other Revenue $0

TOTAL REVENUE $332,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,815

Fundraising Expenses $0

Program Expenses $374,768

Other Expenses $175,953

TOTAL EXPENSES $374,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,756	$465,351	-0.3%
Expenses	$374,768	$466,353	-0.2%
Net Income	$-42,012	$-1,002	+40.9%

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

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

$23,250

Total Directors

$11,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA SEAWELL	PRESIDENT	40.00	Officer	$23,250	$0	$23,250
JEFF SEAWELL	V PRESIDENT	50.00	Officer	$0	$0	$0
KRISTEN SOUTHARD	SECRETARY	0.00	Officer	$0	$0	$0
JOSH SEAWELL	TREASURER	0.00	Officer	$0	$0	$0
LINDSEY HEYDEN	DIRECTOR OF OPER	50.00	Director Highest	$11,350	$0	$11,350
MARCIA CHILDRESS	COMMUNITY RELAT	40.00	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
2023	$332,756	$374,768	$14,196	$-42,012
2022	$465,351	$466,353	$34,022	$-1,002
2021	$554,533	$409,315	$39,927	$145,218
2020	$342,443	$367,216	$41,021	$-24,773
2019	$446,155	$492,513	$35,864	$-46,358
2018	$494,146	$510,362	$75,199	$-16,216