SEADRUNAR PROPERTIES

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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

1978

Legal Domicile

Principal Officer

JOE BARRETT

Phone

2067670244

Tax Period

2024-01-01 to 2024-12-31

SEADRUNAR PROPERTIES, founded in 1978, is a micro nonprofit that reported $74K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $337K exceeded revenue, resulting in a 358% operating deficit.

Mission

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO AN ORGANIZATION WHICH WAS ORGANIZED TO PROVIDE SHELTER, CARE, TREATMENT, GUIDANCE AND/OR ENCOURAGEMENT TO PERSONS USING NARCOTICS, AND TO ASSIST IN THE REHABIITATION OF SUCH PERSONS.

Program Service Accomplishments

Program 1

Expenses: $337,322 Revenue: $73,722

SEADRUNAR PROPERTIES OWN PROPERTIES THAT ARE USED IN THE DRUG TREATMENT PROGRAM AS LIVING FACILITIES FOR CLIENTS WHO ARE RECIVING DRUG TREATMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $73,722

Investment Income $0

Other Revenue $0

TOTAL REVENUE $73,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,322

Other Expenses $337,322

TOTAL EXPENSES $337,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,722	$78,856	-0.1%
Expenses	$337,322	$388,501	-0.1%
Net Income	$-263,600	$-309,645	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL OSTACHER	PRESIDENT	0.30	Director	$0	$0	$0
MARC LORENZ	AT LARGE	0.30	Director	$0	$0	$0
MIKEL SAMANIEGO	TREASURER	0.30	Director	$0	$0	$0
JENNIE LINDBERG	SECRETARY	0.30	Director	$0	$0	$0
JON CAFASSO	AT LARGE	0.30	Director	$0	$0	$0
MEGAN TRIPP	AT LARGE	0.30	Director	$0	$0	$0
JASON VICKERS	AT LARGE	0.30	Director	$0	$0	$0
PATRICK ARNEY	AT LARGE	0.30	Director	$0	$0	$0
JOSEPH BARRETT	CEO	0.30	Director	$0	$0	$0
MARLA GESE	AT LARGE	0.30	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	$73,722	$337,322	$6,262,404	$-263,600
2023	$78,856	$388,501	$2,295,191	$-309,645
2022	$100,098	$218,485	$2,123,832	$-118,387
2021	$112,704	$159,142	$2,234,737	$-46,438
2020	$101,627	$168,356	$2,278,752	$-66,729
2019	$161,138	$146,906	$2,408,956	$14,232
2018	$88,515	$151,114	$2,462,341	$-62,599