SchoolSeed Foundation (EIN 264477567) - 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

Vincent McCaskill

Phone

9012071472

Tax Period

2022-01-01 to 2022-12-31

SchoolSeed Foundation, founded in 2009, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.8M in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 83% operating deficit.

Mission

Schoolseed is an independent nonprofit organization whose mission is to support public schools in Shelby County by: (1) Raising money for programs that federal, state, and local

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,696,156

Program Service Revenue $104,646

Investment Income $21,964

Other Revenue $3,627

TOTAL REVENUE $2,826,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $867,677

Fundraising Expenses $1,291,438

Program Expenses $2,531,210

Other Expenses $4,298,062

TOTAL EXPENSES $5,165,739

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,826,393	$4,454,713	-0.4%
Expenses	$5,165,739	$2,295,013	+1.3%
Net Income	$-2,339,346	$2,159,700	-2.1%

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

$159,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Mitchell	Chairman	0.00	Officer Director	$0	$0	$0
Ken Foster	Treasurer	0.00	Officer Director	$0	$0	$0
Lisa Wheeler Jenkins	Secretary	0.00	Officer Director	$0	$0	$0
Regina Walker	Director	0.00	Director	$0	$0	$0
David Cocke	Director	0.00	Director	$0	$0	$0
Beverly Cross	Director	0.00	Director	$0	$0	$0
Vincent McCaskill	President/ CEO	40.00	Officer	$159,316	$0	$159,316

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
2022	$2,826,393	$5,165,739	$9,717,016	$-2,339,346
2021	$4,454,713	$2,295,013	$7,252,651	$2,159,700
2020	$7,793,603	$7,395,378	$5,107,519	$398,225
2018	$990,465	$1,616,814	$1,839,835	$-626,349
2018	$1,104,873	$1,618,381	$1,840,335	$-513,508

SchoolSeed Foundation