SEEDS OF LIFE INC (EIN 371758668) - 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

2014

Legal Domicile

Principal Officer

BARBARA BOATWRIGHT

Phone

8438843888

Tax Period

2024-01-01 to 2024-12-31

SEEDS OF LIFE INC, founded in 2014, is a small nonprofit in the Mental Health sector that reported $893K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

LIFE RESOURCES EXISTS TO PROVIDE LIFE TRANSFORMING RESOURCES THAT FOSTER EMOTIONAL, SPIRITUAL AND RELATIONAL WELLNESS FOR PEOPLE IN THE LOWCOUNTRY OF SC THROUGH HEALING, EQUIPPING, AND TRAINING

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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 $190,475

Program Service Revenue $593,668

Investment Income $5,775

Other Revenue $103,077

TOTAL REVENUE $892,995

Expense Breakdown

Grants Paid $48,169

Salaries & Benefits $319,015

Fundraising Expenses $0

Program Expenses $844,107

Other Expenses $690,835

TOTAL EXPENSES $1,058,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$892,995	$1,322,792	-0.3%
Expenses	$1,058,019	$1,329,955	-0.2%
Net Income	$-165,024	$-7,163	+22.0%

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

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
BARBARA BOATWRIGHT	CHAIR	3.00	Officer Director	$0	$0	$0
SHEP DAVIS	TREASURER	0.25	Officer Director	$0	$0	$0
KATHERINE ELKIN	SECRETARY	0.50	Officer Director	$0	$0	$0
BRIAN MCGREEVY	CHAPLAIN	0.00	Officer Director	$0	$0	$0
MARILYN HENDRIX	BOARD MEMBER	0.00	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
2024	$892,995	$1,058,019	$138,255	$-165,024
2023	$1,322,792	$1,329,955	$302,832	$-7,163
2022	$1,342,535	$1,482,143	$327,517	$-139,608
2021	$1,056,981	$1,126,907	$497,200	$-69,926
2020	$912,093	$880,365	$516,210	$31,728
2019	$755,760	$628,580	$481,007	$127,180
2018	$711,817	$548,806	$343,954	$163,011

SEEDS OF LIFE INC