SEAFAIR PIRATE FUND INC (EIN 911318025) - Form 990 Financial Analysis & Trantor Score

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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

1949

Legal Domicile

Principal Officer

B Joel Smith

Phone

2062808933

Tax Period

2025-01-01 to 2025-12-31

SEAFAIR PIRATE FUND INC, founded in 1949, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $53K in total revenue in fiscal year 2025. Net assets of $684K represent 156 months of operating reserves.

Mission

To promote the Seattle Summer Festival Seafair by attending community functions parades special events and demonstrating the goodwill of Seattle.

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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 $32,777

Program Service Revenue $0

Investment Income $19,748

Other Revenue $0

TOTAL REVENUE $52,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,337

Other Expenses $51,337

TOTAL EXPENSES $51,337

Year-over-Year Comparison

	2025	2024	Change
Revenue	$52,525	$52,230	+0.0%
Expenses	$51,337	$58,923	-0.1%
Net Income	$1,188	$-6,693	-1.2%

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

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
Jay Albrecht	President	10.00	Officer	$0	$0	$0
Ian McGlynn	Vice President	3.00	Officer	$0	$0	$0
B Joel Smith - Treasurer	Treasurer	3.00	Officer	$0	$0	$0
Cory Francis - Secretary	Secretary	4.00	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
2025	$52,525	$51,337	$683,820	$1,188
2024	$52,231	$58,923	$601,925	$-6,692
2023	$50,395	$84,831	$509,501	$-34,436
2022	$24,597	$24,856	$452,478	$-259

SEAFAIR PIRATE FUND INC