SEEDS OF PROMISE INC (EIN 275067070) - 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

2011

Legal Domicile

Principal Officer

ROBERT HALL

Phone

2198664665

Tax Period

2024-01-01 to 2024-12-31

SEEDS OF PROMISE INC, founded in 2011, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $28K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $50K exceeded revenue, resulting in a 79% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO ASSIST AND SUPPORT FAMILIES IN JASPER COUNTY, INDIANA AND ITS FRINGE AREAS.

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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 $0

Program Service Revenue $27,878

Investment Income $5

Other Revenue $0

TOTAL REVENUE $27,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,784

Other Expenses $49,784

TOTAL EXPENSES $49,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,883	$20,356	+0.4%
Expenses	$49,784	$35,724	+0.4%
Net Income	$-21,901	$-15,368	+0.4%

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

N/A

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
BRIAN HANNON	DIRECTOR	N/A	Director	$0	$0	$0
DUANE TAULMAN	DIRECTOR	N/A	Director	$0	$0	$0
GLEN ALLIE	TREASURER	N/A	Officer	$0	$0	$0
ROBERT HALL	PRESIDENT	N/A	Officer	$0	$0	$0
STEVEN HURLEY	VICE PRESIDE	N/A	Officer	$0	$0	$0
AMY MANNING	SECRETARY	N/A	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	$27,883	$49,784	$14,240	$-21,901
2023	$20,356	$35,724	$36,141	$-15,368
2022	$81,272	$60,660	$51,509	$20,612
2021	$-599,707	$23,798	$30,896	$-623,505
2020	$24,367	$55,601	$654,402	$-31,234
2019	$283,538	$45,507	$935,637	$238,031
2018	$51,884	$82,104	$697,607	$-30,220

SEEDS OF PROMISE INC