Structured Employment Economic Dev… - Form 990 Financial Data

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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

Principal Officer

LYMARIS ALBORS

Phone

3476493083

Tax Period

2023-01-01 to 2023-12-31

Structured Employment Economic Development Corporation, founded in 1976, is a community nonprofit in the Community Improvement sector that reported $6.6M in total revenue in fiscal year 2023.

Mission

STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATIONS (SEEDCO) MISSION IS TO ADVANCE ECONOMIC OPPORTUNITY FOR PEOPLE, BUSINESSES, AND COMMUNITIES IN NEED AS SUCH, SEEDCO DESIGNS AND IMPLEMENTS INNOVATIVE PROGRAMS AND SERVICES THAT BENEFIT WORKERS, FAMILIES, AND BUSINESSES ACROSS THE COUNTRY EACH YEAR, SEEDCO SUPPORTS COMMUNITIES THROUGH TWO CORE PROGRAM PORTFOLIOS 1) WORKFORCE DEVELOPMENT 2) WORK AND FAMILY SUPPORTS SEEDCO OPERATES AS BOTH A DIRECT SERVICES PROVIDER AND AN INTERMEDIARY ORGANIZATION, HELPING COMMUNITY BASED ORGANIZATIONS EXPAND OUTREACH AND SECURE FUNDING.

Program Service Accomplishments

Program 1

Expenses: $5,458,706

Workforce development- using a long-term career case management model, seedco provides career counselling and job-readiness training and job placement services to help individuals with barriers to...

Workforce development- using a long-term career case management model, seedco provides career counselling and job-readiness training and job placement services to help individuals with barriers to employment obtain, retain and advance in jobs. seedcos workforce development programs provide A broad range of job seekers and workers with paths to success that begin with job placement and move on to job retention and career advancement. We tailor these services so they meet the needs of hard-to-serve populations including non-custodial parents, out-of-school youth, and individuals with a history of criminal justice involvement.

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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 $6,171,518

Program Service Revenue $0

Investment Income $96

Other Revenue $387,209

TOTAL REVENUE $6,558,823

Expense Breakdown

Grants Paid $672,764

Salaries & Benefits $3,792,808

Fundraising Expenses $0

Program Expenses $5,458,706

Other Expenses $2,142,848

TOTAL EXPENSES $6,608,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,558,823	$6,324,471	+0.0%
Expenses	$6,608,420	$6,763,930	0.0%
Net Income	$-49,597	$-439,459	-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

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

$3,176,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAUL RASSI	PRESIDENT	0.0	Officer	$0	$70,634	$980,006
LYMARIS ALBORS	CHIEF EXECUTIVE OFFICER	0.0	Officer	$0	$39,079	$842,965
JOSE A RODRIGUEZ	CHIEF LEGAL OFFICER/ EXEC VP	0.0	Officer	$0	$37,084	$639,637
VICKY GATELL	CHIEF FINANCIAL OFFICER	0.0	Officer	$0	$42,707	$497,576
KEITH RASMUSSEN	INTERIM EXECUTIVE DIRECTOR	35.0	Officer	$207,798	$8,948	$216,746
MARLA SMITH BROWN	SENIOR DIRECTOR	35.0	Highest	$118,735	$37,667	$156,402
MARK ROMANINSKY	SENIOR DIRECTOR	35.0	Highest	$107,776	$37,229	$145,005
WALTER MACK ESQ	CHAIR	1.0	Officer Director	$0	$0	$0
LIZANNE STEPHENSON	VICE CHAIR	1.0	Officer Director	$0	$0	$0
ANGEL AUDIFFRED	SECRETARY	1.0	Officer Director	$0	$0	$0
WILFRED RENTA	TREASURER	1.0	Officer Director	$0	$0	$0
GEORGE A PRUITT	MEMBER	1.0	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	$6,558,823	$6,608,420	$2,611,457	$-49,597
2022	$6,324,471	$6,763,930	$4,105,153	$-439,459
2022	$6,324,471	$6,763,930	$4,105,153	$-439,459
2021	$6,983,803	$7,038,481	$3,440,081	$-54,678
2020	$7,509,147	$7,320,347	$2,398,993	$188,800
2019	$7,837,052	$8,058,218	$2,679,953	$-221,166
2019	$7,904,107	$8,010,272	$2,220,740	$-106,165
2018	$7,108,806	$7,205,702	$1,711,898	$-96,896

Structured Employment Economic Development Corporation