SEWARD ASSOCIATION FOR THE ADVANCE… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

WEI YING WONG

Phone

9072246300

Tax Period

2023-10-01 to 2024-09-30

SEWARD ASSOCIATION FOR THE ADVANCEMENT OF MARINE SCIENCE, founded in 1990, is a mid-sized nonprofit in the Animal-Related sector that reported $12.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $35.2M represent 35 months of operating reserves.

Mission

THE ALASKA SEALIFE CENTER GENERATES AND SHARES SCIENTIFIC KNOWLEDGE TO PROMOTE UNDERSTANDING AND STEWARDSHIP OF ALASKA'S MARINE ECOSYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $3,590,578 Revenue: $4,653,643

VISITOR AND EDUCATION PROGRAM - CONNECTS VISITORS OF ALL AGES WITH CURRENT RESEARCH AND REHABILITATION PROJECTS THROUGH INNOVATIVE PROGRAMS WHICH RANGE FROM TRAINED INTERPRETERS AVAILABLE TO ANSWER VISITORS' QUESTIONS TO SCHEDULED PROGRAMS FOR VISITORS WHO WANT MORE IN-DEPTH INFORMATION ON ALASKA'S MARINE ECOSYSTEMS.

Program 2

Expenses: $852,711

RESEARCH PROGRAM - COLD WATER MARINE RESEARCH FACILITY DEDICATED TO RESEARCH OF MARINE MAMMALS, BIRDS AND FISH, ONGOING STELLER SEA LION RESEARCH. ALSO, INCLUDES THE ACTIVITIES OF THE NORTH PACIFIC...

Program 3

Expenses: $437,371 Revenue: $102,000

REHABILITATION PROGRAM - ONLY PERMANENT FACILITY IN THE STATE DESIGNATED FOR TREATMENT & REHABILITATION OF MARINE BIRDS AND ANIMALS. ALSO PROVIDES EDUCATIONAL OUTREACH, ADDITIONAL DATA FOR FEDERAL...

REHABILITATION PROGRAM - ONLY PERMANENT FACILITY IN THE STATE DESIGNATED FOR TREATMENT & REHABILITATION OF MARINE BIRDS AND ANIMALS. ALSO PROVIDES EDUCATIONAL OUTREACH, ADDITIONAL DATA FOR FEDERAL AGENCIES AND RESEARCHERS.

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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 $5,740,424

Program Service Revenue $5,673,661

Investment Income $145,753

Other Revenue $489,646

TOTAL REVENUE $12,049,484

Expense Breakdown

Grants Paid $1,717,218

Salaries & Benefits $6,944,303

Fundraising Expenses $407,851

Program Expenses $11,260,760

Other Expenses $3,986,123

TOTAL EXPENSES $12,647,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,049,484	$10,542,242	+0.1%
Expenses	$12,647,644	$11,635,643	+0.1%
Net Income	$-598,160	$-1,093,401	-0.5%

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

115

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

$351,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSIE HICKEL	CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
RACHEL BUNNELL	VICE CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
TERRY LAUCK	PAST CHAIR, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
NICOLE LAWRENCE	SECRETARY, BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
BRIAN PINKSTON	TREASURER,BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
MARK BURGESS	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MARTIN CARY	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KATE CONSENSTEIN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRIDGET COUGHLIN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ANGEL DROBNICA	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DYLAN FABER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
STEPHEN GRABACKI	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
TROY JOHNSON EFF 10123	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
NICOLE KIMBALL	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JIM KUBITZ	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
WENDY LINDSKOOG	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
PETER MICCICHE	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRADLEY MORAN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
GERI NIPP EFF 10123	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LISA PETERMAN EFF 10123	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
VALERIE PHELPS EFF 10123	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BRIAN RIEKKOLA EFF 10123	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MICHELE SCHUH	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KAT SORENSEN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LAUREL STUTZER	BOARD OF DIRECTORS EFF 10/1/23	1.00	Director	$0	$0	$0
ROBERT SUYDAM	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DANIEL WHITE	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JASON CHARTON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
RACHEL KALLANDER	BOARD OF DIRECTORS THRU 1/16/24	1.00	Director	$0	$0	$0
DARRYL SCHAEFERMEYER	BOARD OF DIRECTORS THRU 1/30/24	1.00	Director	$0	$0	$0
WONG WEI YING	PRESIDENT & CEO EFF 3/31/24	40.00	Officer	$117,523	$0	$117,523
RIEMER TARA	PRESIDENT & CEO THRU 3/31/24	40.00	Officer	$125,557	$0	$125,557
ARNOLD CHARLES	CHIEF INFORMATION OFFICER	40.00	Officer	$108,609	$0	$108,609
GOERTZ CAROLINE	DIRECTOR OF ANIMAL HEALTH	40.00	Highest	$109,201	$0	$109,201

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	$12,049,484	$12,647,644	$38,192,172	$-598,160
2023	$10,542,242	$11,635,643	$39,490,624	$-1,093,401
2022	$9,348,860	$9,723,305	$40,276,683	$-374,445
2021	$9,855,278	$8,281,199	$42,099,070	$1,574,079
2020	$9,406,216	$7,847,190	$41,234,335	$1,559,026
2019	$7,806,179	$8,620,772	$40,459,525	$-814,593
2018	$7,274,695	$8,422,442	$42,642,492	$-1,147,747

SEWARD ASSOCIATION FOR THE ADVANCEMENT OF MARINE SCIENCE