SEEDLINGS BRAILLE BOOKS FOR CHILDR… - Form 990 Financial Data

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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

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 INCREASE THE OPPORTUNITY FOR LITERACY AND EDUCATION BY PROVIDING HIGH QUALITY, FREE AND LOW-COST BRAILLE BOOKS FOR BLIND AND VISUALLY IMPAIRED CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $880,573 Revenue: $137,997

THE ORGANIZATION PROVIDED READING MATERIALS FOR BRAILLE READERS IN ALL 50 STATES AND SEVERAL FOREIGN COUNTRIES. IN 2024, APPROXIMATELY 47,500 BOOKS, ARTICLES, AND EDUCATIONAL PRODUCTS WERE...

THE ORGANIZATION PROVIDED READING MATERIALS FOR BRAILLE READERS IN ALL 50 STATES AND SEVERAL FOREIGN COUNTRIES. IN 2024, APPROXIMATELY 47,500 BOOKS, ARTICLES, AND EDUCATIONAL PRODUCTS WERE DISTRIBUTED AT NO COST OR REDUCED COST TO RECIPIENTS. VOLUNTEERS PROVIDED INFORMATION TECHNOLOGY, TRANSCRIBING AND PROOFREADING SERVICES AT AN ESTIMATED VALUE OF $14,107. OVER 1,000 TITLES ARE OFFERED IN THE ORGANIZATION'S CATALOG AND BOOKS ARE PROVIDED AT EACH LEVEL OF DEVELOPMENT, FROM TODDLER BOARD BOOKS TO CLASSIC LITERATURE FOR OLDER 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%)

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

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

$156,083

Total Directors

Key Employees

Highest Compensated

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

SEEDLINGS BRAILLE BOOKS FOR CHILDREN