Sprouts of Promise Foundation (EIN 264428441) - 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

Phone

3106996134

Tax Period

2024-01-01 to 2024-12-31

Sprouts of Promise Foundation, founded in 2009, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $686K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $652K left a modest 5% surplus.

Mission

Sprouts of Promise Foundation ("SOPF") was formed with the goal of educating both children and adults on the importance of healthy eating. With the obesity rate continuing to rise, bringing increased awareness to healthy food choices is critical. Specifically, SOPF will seek to make the community aware of the valuable benefits of locally grown fresh fruits and vegetables in one's daily food decisions. SOPF will accomplish this goal with two vehicles of education: 1) in-school education and 2) fresh fruit and vegetable distribution.

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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 $10,000

Program Service Revenue $675,680

Investment Income $9

Other Revenue $0

TOTAL REVENUE $685,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,338

Fundraising Expenses $0

Program Expenses $586,396

Other Expenses $129,212

TOTAL EXPENSES $651,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$685,689	$417,427	+0.6%
Expenses	$651,550	$458,399	+0.4%
Net Income	$34,139	$-40,972	-1.8%

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

Governance

Voting Members

Independent Members

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Anderson	President	50.00	Director	$0	$0	$0
Cathie Anderson	Secretary	2.00	Officer	$0	$0	$0
Brad Warhanek	CFO	2.00	Officer	$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	$685,689	$651,550	$112,511	$34,139
2023	$417,427	$458,399	$15,956	$-40,972
2022	$290,203	$299,615	$29,395	$-9,412
2021	$259,488	$209,643	$68,801	$49,845

Sprouts of Promise Foundation