SEEDLINGS BRAILLE BOOKS FOR CHILDREN

EIN: 382565354 501(c)(3)

LIVONIA, MI

Total Revenue
$1,028,996
Total Expenses
$1,108,464
Total Assets
$4,541,425
Net Assets
$4,355,325
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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
1984
Legal Domicile
MI
Principal Officer
AMANDA HERCULA
Phone
7344278552
Tax Period
2024-01-01 to 2024-12-31

SEEDLINGS BRAILLE BOOKS FOR CHILDREN, founded in 1984, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Net assets of $4.4M represent 51 months of operating reserves.

Mission

TO PRODUCE HIGH QUALITY, LOW COST BRAILLE BOOKS FOR CHILDREN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $694,436
Program Service Revenue $137,222
Investment Income $159,788
Other Revenue $37,550
TOTAL REVENUE $1,028,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $620,575
Fundraising Expenses $115,613
Program Expenses $880,573
Other Expenses $487,889
TOTAL EXPENSES $1,108,464

Year-over-Year Comparison

2024 2023 Change
Revenue $1,028,996 $979,787 +0.1%
Expenses $1,108,464 $1,015,673 +0.1%
Net Income $-79,468 $-35,886 +1.2%
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
12
Independent Members
12
Employees
22
Volunteers
40

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
9
$156,083
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JARED STOFFLETT DIRECTOR 0.30
Director
$0 $0 $0
ANN DEVEREUX PRESIDENT 0.50
Officer Director
$0 $0 $0
TERRY CROUSON DIRECTOR 0.00
Director
$0 $0 $0
KATELYN KELEL FORMER PRESIDENT 0.00
Officer Director
$0 $0 $0
RICHARD SWAINE FORMER TREASURER 0.00
Officer Director
$0 $0 $0
JOEL ZATELL FORMER VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
JENNIFER JOSEPH DIRECTOR 0.30
Director
$0 $0 $0
CHERYL SHEWACH DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE ELLIS DIRECTOR 0.30
Director
$0 $0 $0
MICHELLE LAIR VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MELISSA PILZNER SECRETARY 0.30
Officer Director
$0 $0 $0
JACKIE RAU TREASURER 0.30
Officer Director
$0 $0 $0
TERESA GIBBONS DIRECTOR 0.30
Director
$0 $0 $0
JESSICA KING DIRECTOR 0.30
Director
$0 $0 $0
SEIF SAQALLAH DIRECTOR 0.30
Director
$0 $0 $0
KAREN SMITH DIRECTOR 0.30
Director
$0 $0 $0
DEBRA BONDE FORMER EXECUTIVE DIRECTOR 40.00
Officer
$88,242 $3,260 $91,502
AMANDA HERCULA EXECUTIVE DIRECTOR 40.00
Officer
$60,833 $3,748 $64,581
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 $1,028,996 $1,108,464 $4,541,425 $-79,468
2023 $979,787 $1,015,673 $4,031,414 $-35,886
2022 $395,622 $829,205 $3,499,990 $-433,583
2021 $799,029 $778,306 $4,243,634 $20,723
2020 $881,839 $713,698 $4,639,499 $168,141
2019 $1,331,139 $707,235 $4,394,045 $623,904
2018 $922,565 $693,148 $3,958,607 $229,417
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