Seafarers International Union Of North American
Seafarers International Union shows consistent revenue and asset growth with minimal reported officer compensation.
EIN: 111966978 · Dania Beach, FL · Updated: 2026-03-28
Is Seafarers International Union Of North American Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seafarers International Union Of North American directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Seafarers International Union Of North American
Seafarers International Union Of North American (EIN: 111966978) is a nonprofit organization based in Dania Beach, FL. The organization reported total revenue of $31.2M and total assets of $25.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seafarers International Union Of North American's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seafarers International Union Of North American is a large nonprofit that has been operating for 82 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.9M |
| Total Expenses | $12.9M |
| Surplus / Deficit | +$47K |
| Total Assets | $23.9M |
| Total Liabilities | $3.3M |
| Net Assets | $20.6M |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 22.2 months |
Financial Health Grade: A
In 2023, Seafarers International Union Of North American reported a surplus of $47K with revenue exceeding expenses, holds 22.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Seafarers International Union Of North American's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +2.4% | +0.0% |
| 2022 | +6.3% | +13.6% | -2.0% |
| 2021 | -5.4% | -4.0% | +18.5% |
| 2020 | -5.8% | +0.4% | +1.5% |
| 2019 | +7.4% | +1.4% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1944 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Seafarers International Union Of North American with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Seafarers International Union Of North American allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
The consistent reporting of 'Officer Comp=0%' across all available filings is highly unusual for an organization with annual revenues exceeding $12 million. This either indicates that executive compensation is genuinely zero, which is improbable, or that it is reported under different expense categories or through related entities, making it difficult to assess relative to the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Seafarers International Union Of North American's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data.
- Consistent 'Officer Comp=0%' reported, which is unusual for an organization of this size and suggests a lack of transparency in executive compensation reporting.
- Significant increase in liabilities in the latest filing (202303) from $1.6M to $3.2M without immediate explanation.
Strengths
The following positive indicators were identified for Seafarers International Union Of North American:
- Consistent revenue generation over a decade, indicating stable operations.
- Steady growth in assets from $18.2M in 2014 to $23.9M in 2023, demonstrating financial accumulation.
- Revenues generally exceed expenses, leading to positive net assets.
Frequently Asked Questions about Seafarers International Union Of North American
Is Seafarers International Union Of North American a legitimate charity?
Based on AI analysis of IRS 990 filings, Seafarers International Union Of North American (EIN: 111966978) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Seafarers International Union Of North American spend its money?
Seafarers International Union Of North American directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seafarers International Union Of North American tax-deductible?
Seafarers International Union Of North American is registered as a tax-exempt nonprofit (EIN: 111966978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How is executive compensation truly handled if 'Officer Comp=0%' is consistently reported?
The consistent reporting of 'Officer Comp=0%' suggests that executive compensation might be categorized under other expense lines, paid through related entities, or not reported in the 'Officer Comp' field as typically expected. Further investigation into the full IRS 990 forms, specifically Part VII, Section A, would be necessary to understand how compensation for key employees and officers is disclosed.
What caused the significant increase in liabilities from $1,599,597 in 2022 to $3,273,955 in 2023?
The increase in liabilities in the 202303 period warrants a closer look at the organization's balance sheet. This could be due to various factors such as new debt, deferred revenue, or increased payables. Without access to the detailed financial statements, the exact cause cannot be determined.
What are the primary program activities and how much is spent on them?
The provided data does not offer a breakdown of expenses into program, administrative, and fundraising categories. To understand the primary program activities and their associated spending, a review of the full IRS 990, particularly Part III (Statement of Program Service Accomplishments) and Part IX (Statement of Functional Expenses), would be required.
Filing History
IRS 990 filing history for Seafarers International Union Of North American showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Seafarers International Union Of North American's revenue has grown by 5.2%, moving from $12.3M to $12.9M. Total assets increased by 28.4% over the same period, from $18.6M to $23.9M. Total functional expenses fell by 4.1%, from $13.4M to $12.9M. In its most recent filing year (2023), Seafarers International Union Of North American reported a surplus of $47K, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $23.9M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $20.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.9M | $12.9M | $23.9M | $3.3M | — | View 990 |
| 2022 | $12.8M | $12.6M | $23.9M | $1.6M | — | View 990 |
| 2021 | $12.0M | $11.1M | $24.4M | $1.5M | — | View 990 |
| 2020 | $12.7M | $11.5M | $20.6M | $1.6M | — | — |
| 2019 | $13.5M | $11.5M | $20.3M | $1.3M | — | View 990 |
| 2018 | $12.5M | $11.3M | $19.1M | $256K | — | View 990 |
| 2017 | $11.6M | $10.9M | $17.5M | $205K | — | View 990 |
| 2016 | $11.1M | $11.5M | $16.8M | $667K | — | View 990 |
| 2015 | $12.2M | $13.2M | $17.2M | $348K | — | View 990 |
| 2014 | $12.0M | $13.1M | $18.3M | $274K | — | View 990 |
| 2013 | $11.5M | $11.0M | $19.1M | $218K | — | View 990 |
| 2012 | $12.3M | $13.4M | $18.6M | $253K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.9M, expenses of $12.9M, and assets of $23.9M (revenue +1.4% year-over-year).
- 2022: Revenue of $12.8M, expenses of $12.6M, and assets of $23.9M (revenue +6.3% year-over-year).
- 2021: Revenue of $12.0M, expenses of $11.1M, and assets of $24.4M (revenue -5.4% year-over-year).
- 2020: Revenue of $12.7M, expenses of $11.5M, and assets of $20.6M (revenue -5.8% year-over-year).
- 2019: Revenue of $13.5M, expenses of $11.5M, and assets of $20.3M (revenue +7.4% year-over-year).
- 2018: Revenue of $12.5M, expenses of $11.3M, and assets of $19.1M (revenue +7.8% year-over-year).
- 2017: Revenue of $11.6M, expenses of $10.9M, and assets of $17.5M (revenue +4.6% year-over-year).
- 2016: Revenue of $11.1M, expenses of $11.5M, and assets of $16.8M (revenue -8.6% year-over-year).
- 2015: Revenue of $12.2M, expenses of $13.2M, and assets of $17.2M (revenue +1.1% year-over-year).
- 2014: Revenue of $12.0M, expenses of $13.1M, and assets of $18.3M (revenue +4.6% year-over-year).
- 2013: Revenue of $11.5M, expenses of $11.0M, and assets of $19.1M (revenue -6.5% year-over-year).
- 2012: Revenue of $12.3M, expenses of $13.4M, and assets of $18.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seafarers International Union Of North American:
Data Sources and Methodology
This transparency report for Seafarers International Union Of North American is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.