SEEDS OF CHANGE

EIN: 270673632 501(c)(3) Education

WAYZATA, MN

Total Revenue
$739,303
Total Expenses
$788,644
Total Assets
$1,755,050
Net Assets
$1,383,574
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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
2010
Legal Domicile
MN
Principal Officer
JOHN DOLEMAN
Phone
9524719538
Tax Period
2023-07-01 to 2024-06-30

SEEDS OF CHANGE, founded in 2010, is a small nonprofit in the Education sector that reported $739K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

INFLUENCE HIGH SCHOOL STUDENTS TO PURSUE SCIENCE (STEM) CAREERS THRU RESEARCH IMMERSION PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,779
Program Service Revenue $718,152
Investment Income $751
Other Revenue $8,621
TOTAL REVENUE $739,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $657,161
Other Expenses $788,644
TOTAL EXPENSES $788,644

Year-over-Year Comparison

2023 2022 Change
Revenue $739,303 $1,063,392 -0.3%
Expenses $788,644 $553,765 +0.4%
Net Income $-49,341 $509,627 -1.1%
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

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Governance

Voting Members
8
Independent Members
4
Employees
N/A
Volunteers
5

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
1
$0
Total Directors
8
$73,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSTI BERENT DIRECTOR 0.10
Director
$0 $0 $0
LORI BOISCLAIR DIRECTOR 1.00
Director
$0 $0 $0
CAMERON CURRIE DIRECTOR 0.10
Director
$0 $0 $0
JOHN DOLEMAN ED, CHAIR AND TREASURER 50.00
Officer Director
$0 $0 $0
MAUREEN CAROLE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL OSTERHOLM DIRECTOR 0.10
Director
$0 $0 $0
CYNTHIA PETERSEN DIRECTOR 2.00
Director
$3,000 $0 $3,000
ELIZABETH HUNT ASSISTANT EXEC & DIRECTOR 50.00
Director
$70,100 $0 $70,100
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 $739,303 $788,644 $1,755,050 $-49,341
2023 $1,063,392 $553,765 $1,889,450 $509,627
2022 $692,042 $368,453 $874,678 $323,589
2021 $462,620 $339,030 $551,089 $123,590
2020 $322,634 $268,527 $427,499 $54,107
2019 $643,122 $732,821 $373,392 $-89,699
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