Sealark Exploration Inc
Nonprofit profile at a glance
- EIN
- 852980424
- IRS 990-EZ coverage
- 2022–2025
- Forms available
- Form 990-EZ 2025
- Location
- Jackson, WY, USA
- Phone
- 8325171941
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $151,391
- Expenses
- $92,242
- Assets
- $47,746
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Ewan Stevenson (Director)
- Mark A Roche (Director)
- Matt Wray (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Search & recover of US MIAs from WWII.
What it reported doing in 2025
During calendar year 2025, the Sealark Exploration team was immersed in mission follow-up reports to The Department of War's Defense POW/MIA Accounting Agency (DPAA) for mission 25-4SB and commenced work on a DoW contract to research 30 cases of missing aircrew in the Shortland Islands area of the South Pacific. Mission 25-4SB was executed in November 2024, and involved the search for a missing F4U Corsair Fighter off the coast of Gizo Island in the Solomon Islands. The team was successful in locating the wreckage and recovering partial human remains. The Shortland Island project involves intensive research into squadron records and eye witness accounts on numerous over-water aircraft losses in and around the Shortland Islands in the Solomon Islands Sector. These reports will be prioritized into possible field missions at DPAA and it is expected that Sealark will conduct several if not most of these missions. Of note was the recent positive identification of aircrew remains from Sealark's Mission 22-1VU to Venuatu in 2023. Sealark located a Navy PBY Catalina off the coast of Vanuatu and recovered two sets of partial remains. Radioman Robert R. Cyr, Jr was positively identified by DPAA's lab at Hickam AFB, Hawaii in February 2026. Cyr was buried with full military honors on 2 May 2026. The other individual is pending identification. Currently, Sealark has 3 sets of partial remains awaiting identification in the DPAA lab. A further potential 3 individuals remain in a wreck located and investigated in April 2024 in the Solomon Islands.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.9%; rating input score 61
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 39.1%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 20.8% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 20.1% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 60.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $92K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.