SEEDS OF AFRICA FOUNDATION

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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

2005

Legal Domicile

Principal Officer

ATTI WORKU

Phone

7188417763

Tax Period

2022-01-01 to 2022-12-31

SEEDS OF AFRICA FOUNDATION, founded in 2005, is a small nonprofit in the International Affairs sector that reported $308K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $373K exceeded revenue, resulting in a 21% operating deficit.

Mission

SEEDS OF AFRICA SEEKS TO CREATE A SELF-SUSTAINING MODEL FOR EDUCATION AND COMMUNTY DEVELOPMENT THAT CAN BE REPLICATED IN OTHER AFRICAN COMMUNITIES BY EDUCATING AND NURTURING GIFTED CHILDREN, YOUNG ADULTS AND COMMUNITIES WITH SUPPORT THAT MEETS BASIC NEEDS, AN INNOVATIVE CURRICULUM AND COMMUNITY DEVELOPMENT PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $298,221

SEEDS OF AFRICA OPERATES SEEDING EDUCATION AND SOWING COMMUNITY. SEEDING EDUCATION OFFERS HIGH-QUALITY EDUCATION TO STUDENTS, IN ADDITION TO SCHOOL MEALS, UNIFORMS, SCHOOL SUPPLIES AND MEDICAL...

SEEDS OF AFRICA OPERATES SEEDING EDUCATION AND SOWING COMMUNITY. SEEDING EDUCATION OFFERS HIGH-QUALITY EDUCATION TO STUDENTS, IN ADDITION TO SCHOOL MEALS, UNIFORMS, SCHOOL SUPPLIES AND MEDICAL SUPPORT. SOWING COMMUNITY WORKS WITH FAMILIES TO INCREASE THEIR HOUSEHOLD INCOMES AND IMPROVE THEIR QUALITY OF LIFE THROUGH HEALTH EDUCATION SEMINARS, ADULT LITERACY AND ENTREPRENEURSHIP COURSES, AND ACCESS TO CREDIT TEACHING GENERAL EDUCATION AND COMMUNITY DEVELOPMENT SKILLS.

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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 $307,562

Program Service Revenue $0

Investment Income $0

Other Revenue $699

TOTAL REVENUE $308,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,438

Fundraising Expenses $37,278

Program Expenses $298,221

Other Expenses $294,339

TOTAL EXPENSES $372,777

Year-over-Year Comparison

	2022	2021	Change
Revenue	$308,261	$325,589	-0.1%
Expenses	$372,777	$269,363	+0.4%
Net Income	$-64,516	$56,226	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY WORKU	BOARD MEMBER/BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
SARAH SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
MILTON SPEID	BOARD MEMBER	1.00	Director	$0	$0	$0
ATTI WORKU	BOARD MEMBER/CEO/BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
STEPHANIE BOND	BOARD MEMBER	1.00	Director	$0	$0	$0
DEIRDRE GAUGHAN	BOARD MEMBER	1.00	Director	$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
2023	No data	No data	No data	No data
2022	$308,261	$372,777	$10,158	$-64,516
2021	$325,589	$269,363	$106,170	$56,226
2020	$302,496	$492,687	$92,020	$-190,191
2019	$442,667	$429,888	$172,319	$12,779
2018	$391,791	$572,288	$133,165	$-180,497