SEEDS OF HOPE INC (EIN 264247259) - 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

2009

Legal Domicile

Principal Officer

KAREN HARLOW

Phone

7406637005

Tax Period

2024-01-01 to 2024-12-31

SEEDS OF HOPE INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $411K in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 29% operating margin.

Mission

SEEDS OF HOPE, INC. HAS BEEN ORGANIZED TO ADDRESS THE NEEDS OF THE HOMELESS POPULATION IN AND AROUND ROSS COUNTY, OHIO. IT DOES SO BY OFFERING BUT NOT LIMITING ITSELF TO EMERGENCY SHELTERING, TRANSITIONAL HOUSING AND A FAITH-BASED MENTORING PROGRAM.

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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 $27,442

Program Service Revenue $383,690

Investment Income $7

Other Revenue $0

TOTAL REVENUE $411,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,595

Fundraising Expenses $0

Program Expenses $285,166

Other Expenses $97,283

TOTAL EXPENSES $290,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,139	$244,140	+0.7%
Expenses	$290,878	$221,996	+0.3%
Net Income	$120,261	$22,144	+4.4%

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

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

Total Directors

$55,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY WELLS	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN HARLOW	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG BEARD	EXECUTIVE DIRECTOR	40.00	Director	$18,820	$0	$18,820
BRENDA BEARD	EXECUTIVE DIRECTOR	40.00	Director	$36,719	$0	$36,719
TIM MARHOOVER	TREASURER	1.00	Officer Director	$0	$0	$0
JADE BERRY	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$411,139	$290,878	$219,102	$120,261
2023	$244,140	$221,996	$97,301	$22,144
2022	$221,047	$204,629	$75,157	$16,418
2021	$232,532	$198,897	$58,739	$33,635
2020	$222,964	$204,251	$25,104	$18,713
2019	$144,405	$161,386	$6,393	$-16,981
2018	$114,634	$112,811	$29,398	$1,823

SEEDS OF HOPE INC