SEEDS OF HOPE YOUTH RANCH INC

EIN: 205001579 501(c)(3) Youth Development

DULUTH, MN

Total Revenue
$40,297
Total Expenses
$44,193
Total Assets
$480,375
Net Assets
$480,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MN
Principal Officer
RUSSEL KROOK
Phone
2184283580
Tax Period
2024-01-01 to 2024-12-31

SEEDS OF HOPE YOUTH RANCH INC, founded in 2005, is a micro nonprofit in the Youth Development sector that reported $40K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $480K represent 143 months of operating reserves.

Mission

TO RESCUE ABUSED AND NEGLECTED HORSES, TRAIN AND RESTORE THEM BACK TO HEALTH WHILE FACILITATING THE THERAPEUTIC HEALING OF ABUSED AND NEGLECTED CHILDREN AND ADULTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,091
Program Service Revenue $4,998
Investment Income $214
Other Revenue $20,994
TOTAL REVENUE $40,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $303
Program Expenses $43,190
Other Expenses $44,193
TOTAL EXPENSES $44,193

Year-over-Year Comparison

2024 2023 Change
Revenue $40,297 $46,692 -0.1%
Expenses $44,193 $44,569 0.0%
Net Income $-3,896 $2,123 -2.8%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSEL KROOK PRESIDENT N/A
Officer
$0 $0 $0
WENDY KROOK CEO N/A
Officer
$0 $0 $0
KELLY HELLER SECRETARY N/A
Director
$0 $0 $0
NICOLLE GILBERTSON DIRECTOR N/A
Director
$0 $0 $0
STEPHANIE CLARK DIRECTOR N/A
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 $40,297 $44,193 $480,375 $-3,896
2023 $46,692 $44,569 $500,074 $2,123
2022 $38,829 $57,105 $513,069 $-18,276
2021 $56,821 $58,851 $547,970 $-2,030
2020 $40,646 $64,411 $550,000 $-23,765
2019 $45,069 $83,044 $573,765 $-37,975
2018 $71,163 $76,951 $611,740 $-5,788
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