Sea Meadow Marine Foundation

EIN: 870873558 501(c)(3) Environment

Yarmouth, ME

Total Revenue
$1,418,205
Total Expenses
$146,032
Total Assets
$2,904,731
Net Assets
$1,451,706
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
ME
Principal Officer
Chadwick Strater
Phone
2076506262
Tax Period
2024-01-01 to 2024-12-31

Sea Meadow Marine Foundation, founded in 2021, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 552% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 90% operating margin.

Mission

The Sea Meadow Marine Foundation preserves Maine's working waterfront through a collaborative, sustainable approach to regenerate our coast, improve marine and public health, and protect our maritime heritage. Maine's coastal lands are under increasing pressure from real estate developers. Our primary goal is to preserve and maintain affordable access to the working waterfront for individuals and families who make their living from the sea. Our main program is leasing space/access to these groups.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,299,957
Program Service Revenue $114,202
Investment Income $4,046
Other Revenue $0
TOTAL REVENUE $1,418,205

Expense Breakdown

Grants Paid $1,150
Salaries & Benefits $600
Fundraising Expenses $5,241
Program Expenses $56,761
Other Expenses $144,282
TOTAL EXPENSES $146,032

Year-over-Year Comparison

2024 2023 Change
Revenue $1,418,205 $217,521 +5.5%
Expenses $146,032 $127,676 +0.1%
Net Income $1,272,173 $89,845 +13.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
11

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
5
$600
Total Directors
11
$600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chadwick Strater President 4.50
Officer Director
$0 $0 $0
Rebecca Rundquist Vice-President 4.50
Officer Director
$600 $0 $600
Austin Plaster Secretary 4.50
Officer Director
$0 $0 $0
David Dickison Treasurer 6.00
Officer Director
$0 $0 $0
John Gillespie Director 1.00
Director
$0 $0 $0
Taja Harper Director 1.00
Director
$0 $0 $0
Negina Lowe Director 1.00
Director
$0 $0 $0
Nick Planson Director 1.00
Officer Director
$0 $0 $0
Jaclyn Robidoux Director 1.00
Director
$0 $0 $0
Mark Walztoni Director 1.00
Director
$0 $0 $0
Bruce Ward Director 1.00
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
2024 $1,418,205 $146,032 $2,904,731 $1,272,173
2023 $217,521 $127,676 $1,534,950 $89,845
2022 $230,235 $142,021 $1,455,586 $88,214
2021 $17,846 $16,853 $1,380,993 $993
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