DARK SEAS PROJECT

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

CAPTAIN DONALD LAWSON

Phone

4109196407

Tax Period

2023-01-01 to 2023-12-31

DARK SEAS PROJECT, founded in 2022, is a small nonprofit in the Education sector that reported $129K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

COMMIT TO THE DEVELOPMENT, EDUCATION AND DIVERSIFICATION OF THE SPORT OF SALILING. DSP'S MAIN MISSION IS SUPPORTING THE DEVELOPMENT OF FUTURE MARINERS AND THEIR CAREERS.

Program Service Accomplishments

Program 1

THE PROJECT CONTINUES TO WORK WITH INNER CITY KIDS TO EDUCATION ABOUT THE GIFT OF SAILING THE MONUMENT SAIL THIS YEAR WAS TO SAIL FROM ALCAPULCO TO BALTIMORE WHEN THE VESSEL DEFIANT WAS LOST IN A...

THE PROJECT CONTINUES TO WORK WITH INNER CITY KIDS TO EDUCATION ABOUT THE GIFT OF SAILING THE MONUMENT SAIL THIS YEAR WAS TO SAIL FROM ALCAPULCO TO BALTIMORE WHEN THE VESSEL DEFIANT WAS LOST IN A STORM AND WAS FOUND CAPSIZED IN THE MEXICAN WATERS. DONALD WAS PREPARING TO SAIL AROUND THE WORLD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $129,051

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $131,891

TOTAL EXPENSES $131,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,051	$113,776	+0.1%
Expenses	$131,891	$106,677	+0.2%
Net Income	$-2,840	$7,099	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

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
CAPTAIN DONALD LAWSON	FOUNDER	40.00	Director	$0	$0	$0
JACQUELINE LAWSON	CO-FOUNDER	40.00	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
2023	$129,051	$131,891	$70	$-2,840
2022	No data	No data	No data	No data