SEEDS OF HOPE INC

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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

1999

Legal Domicile

Principal Officer

SEAN O'CONNOR

Phone

3172449002

Tax Period

2023-01-01 to 2023-12-31

SEEDS OF HOPE INC, founded in 1999, is a small nonprofit in the Mental Health sector that reported $930K in total revenue in fiscal year 2023. The organization ran a surplus of $411K, a strong 44% operating margin.

Mission

THE MISSION OF SEEDS OF HOPE, INC. IS TO PROVIDE TRANSITIONAL, RESIDENTIAL LIVING FOR CHEMICALLY DEPENDENT WOMEN. THE STRUCTURED PROGRAM GIVES THEM A STRONG FOUNDATION THROUGH A LOVING ENVIRONMENT. THIS EMPOWERS THEM TO LEAD DRUG-FREE, SOBER, INDEPENDENT LIVES, AS RESPONSIBLE MEMBERS OF SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $518,367 Revenue: $157,047

ORGANIZATION OPERATES A HOME FOR CHEMICALLY DEPENDENT WOMEN. THE GOAL IS TO ALLOW THE WOMEN TO LIVE INDEPENDENTLY, CLEAN, SOBER, AND HEALTHY LIVES. DURING 2020, THE ORGANIZATION BECAME AN...

ORGANIZATION OPERATES A HOME FOR CHEMICALLY DEPENDENT WOMEN. THE GOAL IS TO ALLOW THE WOMEN TO LIVE INDEPENDENTLY, CLEAN, SOBER, AND HEALTHY LIVES. DURING 2020, THE ORGANIZATION BECAME AN ADMINISTRATOR IN THE INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) PROGRAM THROUGH THE INDIANA HOUSING COMMUNITY AND DEVELOPMENT AUTHORITY (IHCDA). THIS IDA PROGRAM HELPS LOW-INCOME INDIVIDUALS TO BUILD ASSETS, ATTAIN SELF-SUFFICIENCY, LEARN PERSONAL FINANCIAL SKILLS, AND INVEST IN IMPROVING THEIR QUALITY OF LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $710,448

Program Service Revenue $157,047

Investment Income $58,203

Other Revenue $3,976

TOTAL REVENUE $929,674

Expense Breakdown

Grants Paid $250

Salaries & Benefits $243,432

Fundraising Expenses $0

Program Expenses $518,367

Other Expenses $274,685

TOTAL EXPENSES $518,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$929,674	$886,583	+0.0%
Expenses	$518,367	$437,203	+0.2%
Net Income	$411,307	$449,380	-0.1%

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

$72,505

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN O'CONNOR	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHARLIE MULLEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID PASOTTI	TREASURER	5.00	Officer Director	$0	$0	$0
WENDY KETTERMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
ALEXIS TRAPP	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE NELIS	BOARD MEMBER	10.00	Director	$0	$0	$0
ROGER KESSLER	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL YEAKEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MELANIE REUSZE	BOARD MEMBER	2.00	Director	$0	$0	$0
BEV BREWER	BOARD MEMBER	5.00	Director	$0	$0	$0
MARVETTA GRIMES	EXECUTIVE DIRECTOR (FORMER)	40.00	Officer	$20,064	$0	$20,064
PATTY VANDERVORT	EXECUTIVE DIRECTOR	40.00	Officer	$52,441	$0	$52,441

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
2023	$929,674	$518,367	$3,317,085	$411,307
2022	$886,583	$437,203	$2,899,132	$449,380
2021	$756,969	$368,852	$2,455,098	$388,117