SEAVIEW LUTHERAN PLAZA INC

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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

1976

Legal Domicile

Phone

9499238681

Tax Period

2023-01-01 to 2023-12-31

SEAVIEW LUTHERAN PLAZA INC, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 284% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 88% operating deficit.

Mission

On July 31,2021, the Organization sold the Housing Project and proceeds from sale of property will used the further the mission of the associated church. The Organization plans to distribute (over a number of years) all proceeds to various associated churches and other non-profit organization that meets the mission of the Organization.

Program Service Accomplishments

Program 1

Expenses: $1,491,150 Revenue: $1,335,797

1521 FOUNDATION LLC, a single member Limited Liability Company - formed in the State of Wyoming FEIN #88-1396947 and Wy ID #2022-XXX-XX-XXXX. THE SINGLE MEMBER LLC is wholly owned by SEAVIEW LUTHERN PLAZA INC. THE LLC invests in stock, bonds, and mutual funds using the proceeds of the investments to further the mission of the associated church. The Organization plans to distribute (over a number of years) all proceeds to various religious, charitiable and/or scientific non-profit organizations that meets the mission of the Organization.

Program 2

Expenses: $814,188 Revenue: $27,997

The Organization and its sole pass through entity - 1521 Foundation, LLC has been organized to provide financial assistance and support to various churches and non-profit organizations that share the same vision and charitable nature. Funds needed to achieve this missions comes from the proceeds from sale the housing project Seaview Lutheran Plaza, Inc., owned and sold in July 2021 alongwith with the investment income it earns from its principal investment in these accounts. The Organization plans to distribute (over a number of years) all proceeds to various religious,charitable and / or scientific non-profit organization.

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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 $0

Program Service Revenue $0

Investment Income $1,363,794

Other Revenue $0

TOTAL REVENUE $1,363,794

Expense Breakdown

Grants Paid $2,305,338

Salaries & Benefits $137,450

Fundraising Expenses $0

Program Expenses $2,305,338

Other Expenses $123,978

TOTAL EXPENSES $2,566,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,363,794	$354,804	+2.8%
Expenses	$2,566,766	$2,132,842	+0.2%
Net Income	$-1,202,972	$-1,778,038	-0.3%

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

$101,900

Total Directors

$137,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Satermo	Pres. & LLC Mgr	2.00	Officer Director	$90,000	$0	$90,000
Dorothea Sue Silavs	Treas/Grant Mbr	1.00	Officer Director	$11,900	$0	$11,900
Louise Sawyer	Dir/Grant Co Mb	0.00	Director	$9,550	$0	$9,550
Julie R Lelo	Grant Comm Mbr	0.00	Director	$9,550	$0	$9,550
Rev Mark C Anderson	Grant Comm Mbr	0.00	Director	$9,250	$0	$9,250
Brent Gordon	Grant Comm Mbr	0.00	Director	$7,200	$0	$7,200
Ray Flaskamper	Vice President	0.50	Officer Director	$0	$0	$0
Pamela Jean Platz	Secretary	0.50	Officer Director	$0	$0	$0
Gary Abraham	Director	0.00	Director	$0	$0	$0
Darin Sheek	Director	0.00	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	No data	No data	No data	No data
2023	$1,363,794	$2,566,766	$42,570,791	$-1,202,972
2022	$354,804	$2,132,842	$43,812,694	$-1,778,038
2021	$41,673,186	$992,424	$45,664,990	$40,680,762
2020	$2,477,622	$1,439,724	$6,128,394	$1,037,898
2019	$2,421,674	$1,430,122	$5,609,100	$991,552
2018	$2,382,760	$1,380,658	$4,664,233	$1,002,102