SEEDS OF INDEPENDENCE

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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

2008

Legal Domicile

Principal Officer

Tom Wright

Phone

2074062365

Tax Period

2019-01-01 to 2019-12-31

SEEDS OF INDEPENDENCE, founded in 2008, is a small nonprofit in the Youth Development sector that reported $279K in total revenue in fiscal year 2019. Revenue decreased 13% compared to the prior year. Expenses of $359K exceeded revenue, resulting in a 29% operating deficit.

Mission

Seeds of Independence is a mentor and volunteer based non-profit corporation founded to help at risk youths in Maine reach their full potential as independent, productive members of society. The corporation intends to combat juvenile delinquency and positively affect the school dropout rate in our State by operating numerous programs aimed at mentoring at risk youths.

Program Service Accomplishments

Program 1

Expenses: $110,121

ROOTS PROGRAM: Employs a multi-tiered approach to supporting youth over the course of six years, from seventh grade through high school graduation. Informed by students' personal growth and unique...

ROOTS PROGRAM: Employs a multi-tiered approach to supporting youth over the course of six years, from seventh grade through high school graduation. Informed by students' personal growth and unique developmental demands, Roots is continually evolving to build on student strengths and to support their needs through active and ongoing engagement with adult mentors and community partners.

Program 2

Expenses: $37,297

JUMP START PROGRAM: Is an eight-week court diversion program for first time non-violent offenders designed to increase thoughtful decision making, self-awareness, self-advocacy, communication, and...

JUMP START PROGRAM: Is an eight-week court diversion program for first time non-violent offenders designed to increase thoughtful decision making, self-awareness, self-advocacy, communication, and respect for others. Students participate in weekly, judgement free, group discussions with their peers, mentors, and guest speakers.

Program 3

Expenses: $94,954

NAVIGATE/EOS (GRADES 6-12 PROGRAM): Navigate is a peer-mentoring program in which high school upperclassmen help freshmen and sophomores face the social, academic, and behavioral challenges in their adjustment to high school. EOS is a in-school and out-of-school enrichment opportunities to middle school youths and their families with the end goal of creating community, overcoming challenges, and building aspirations beyond middle and high school.

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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 (2019)

Revenue Breakdown

Contributions & Grants $277,526

Program Service Revenue $0

Investment Income $8

Other Revenue $1,450

TOTAL REVENUE $278,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $266,321

Fundraising Expenses $16,102

Program Expenses $242,372

Other Expenses $93,000

TOTAL EXPENSES $359,321

Year-over-Year Comparison

	2019	2018	Change
Revenue	$278,984	$321,754	-0.1%
Expenses	$359,321	$343,837	+0.0%
Net Income	$-80,337	$-22,083	+2.6%

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

$64,931

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY HARRINGTON	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE SULLIVAN	FORMER PRESIDENT	2.00	Officer Director	$0	$0	$0
GREG MEARS	TRUSTEE	2.00	Director	$0	$0	$0
ERIN DIMBLEBY	TRUSTEE	2.00	Director	$0	$0	$0
TOM WRIGHT	INTERIM PRESIDENT	5.00	Officer Director	$0	$0	$0
ERIKA WEIDNER	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$60,120	$4,811	$64,931

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
2019	$278,984	$359,321	$4,950	$-80,337
2018	$321,754	$343,837	$85,287	$-22,083