Seg Advanced Modeling Corporation
Nonprofit profile at a glance
- EIN
- 208685322
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Tulsa, OK, USA
- Phone
- 9184975500
- Rating confidence
- Limited
Reported finances
- Revenue
- $857,717
- Expenses
- $561,269
- Assets
- $1,186,641
- Liabilities
- $733,427
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- JAMES WHITE (SECRETARY): $349,802 total reported compensation
- CARLOS DE LA GARZA (CFO): $270,326 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The seam mission is to advance the science and technology of applied geophysics through a cooperative industry effort focused on subsurface model construction and generation of synthetic data sets for geophysical problems of importance to the resource extraction industry. Data sets, after an initial two years of confidentiality, will enter the public domain.
What it reported doing in 2024
Seam completed activities related to the development of earth models and datasets to address high impact geophysical challenges.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 60
- Accountability: 95
- Sustainability: 67
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 34.6%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 2.11; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 6.7%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -15.1% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -8.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $350K · 10 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $176K reported
- Consistency: 11 of 11 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 9 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.