THE SEED SCHOOL OF MARYLAND (EIN 061818759) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

KIRK SYKES

Phone

4108439477

Tax Period

2024-07-01 to 2025-06-30

THE SEED SCHOOL OF MARYLAND, founded in 2007, is a mid-sized nonprofit in the Education sector that reported $23.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

THE SEED SCHOOL OF MD IS A STATEWIDE, PUBLIC, COLLEGE-PREPARATORY BOARDING SCHOOL. BY DESIGN AND STATE-LAW, SEED MD SERVES STUDENTS WHO COULD MOST BENEFIT FROM OUR 24-HOUR LEARNING ENVIRONMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,672,407

Program Service Revenue $18,524,581

Investment Income $14,675

Other Revenue $71,963

TOTAL REVENUE $23,283,626

Expense Breakdown

Grants Paid $40,846

Salaries & Benefits $11,786,465

Fundraising Expenses $571,573

Program Expenses $19,173,663

Other Expenses $11,109,596

TOTAL EXPENSES $22,936,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,283,626	$26,251,697	-0.1%
Expenses	$22,936,907	$22,366,188	+0.0%
Net Income	$346,719	$3,885,509	-0.9%

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

187

Volunteers

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

$483,282

Total Directors

$363,446

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLEY POOLE	TRUSTEE/CEO SEED FND	1.00	Director	$0	$35,108	$363,446
ERIC ADLER	CO-FOUNDER	1.00	Director	$0	$0	$0
STEVE FEDDER	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
CHRIS ROSENTHAL	FINANCE COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JOE MARTEL	DEVELOPMENT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DENISE ANDREWS	GOVERNMENT RELATIONS CHAIR	1.00	Director	$0	$0	$0
KAREN BARNES	EDUCATIONAL COMMITTEE CHAIR	1.00	Director	$0	$0	$0
MICHELLE BONDIMA	BOARD MEMBER	1.00	Director	$0	$0	$0
MONIQUE BOOKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JERNEE BRAMBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
TUCK BURCH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTONIO CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART CHERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN FIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY HAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM LENNON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC LOEB	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE MACMANUS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMIEN MYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
IESHA PANKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
REGGIE SMALLWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL WHITING	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRK SYKES	HEAD OF SCHOOL	40.00	Officer	$226,265	$34,970	$261,235
GERARDO LUNA	NETWORK CFO	16.00	Officer	$88,811	$24,689	$222,047
KATIE DEL CARMEN BYRAM	DIRECTOR OF DEVELOPMENT	40.00	Highest	$132,731	$35,975	$168,706
JOANN CHANDLER-ROBINSON	CHIEF OF STAFF	40.00	Highest	$110,804	$41,990	$152,794
TASHAWNA MILLER	DIRECTOR OF ACADEMICS	40.00	Highest	$127,311	$16,373	$143,684
JENNIFER AHN	ASSISTANT PRINCIPAL	40.00	Highest	$119,632	$34,892	$154,524
AMIE CORTEZ	MATH TEACHER	40.00	Highest	$112,177	$36,440	$148,617

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
2025	$23,283,626	$22,936,907	$47,008,000	$346,719
2024	No data	No data	No data	No data
2023	$22,047,482	$21,854,092	$44,080,656	$193,390
2022	$21,655,114	$19,853,997	$45,366,467	$1,801,117
2021	$18,646,195	$17,910,413	$46,101,801	$735,782
2020	$17,753,820	$17,758,366	$46,476,966	$-4,546
2019	$17,215,073	$17,277,873	$44,500,524	$-62,800
2018	$17,147,070	$17,578,670	$45,545,209	$-431,600

THE SEED SCHOOL OF MARYLAND