SEEDS OF PROMISE (EIN 383653224) - 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

2002

Legal Domicile

Principal Officer

REGENAIL THOMAS

Phone

6167192550

Tax Period

2023-01-01 to 2023-12-31

SEEDS OF PROMISE, founded in 2002, is a small nonprofit in the Human Services sector that reported $131K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $243K exceeded revenue, resulting in a 86% operating deficit.

Mission

EMPOWERING URBAN RESIDENTS TO INCREASE PERSONAL AND NEIGHBORHOOD PROSPERITY THROUGH BUILDING SELF-SUSTAINING, SELF-TRANSFORMING NEIGHBORHOODS.

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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 $129,804

Program Service Revenue $880

Investment Income $0

Other Revenue $0

TOTAL REVENUE $130,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,133

Fundraising Expenses $90

Program Expenses $213,850

Other Expenses $79,069

TOTAL EXPENSES $243,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,684	$296,352	-0.6%
Expenses	$243,202	$239,591	+0.0%
Net Income	$-112,518	$56,761	-3.0%

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

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

$104,400

Total Directors

$39,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGENAIL THOMAS	EXECUTIVE DIRECTOR	40.00	Officer	$65,000	$0	$65,000
RONALD JIMMERSON	PRESIDENT	40.00	Officer Director	$39,400	$0	$39,400
SHIRLEY CARTER	TREASURER	1.00	Officer Director	$0	$0	$0
JUANITA DEAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JANICE ROSTIC	DIRECTOR	1.00	Director	$0	$0	$0
RYAN GUMMERE	DIRECTOR	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	$130,684	$243,202	$37,052	$-112,518
2022	$296,352	$239,591	$153,688	$56,761
2021	$262,104	$156,167	$102,579	$105,937
2020	$86,729	$121,424	$5,357	$-34,695
2019	$143,417	$128,059	$22,637	$15,358
2018	$94,119	$133,233	$7,211	$-39,114

SEEDS OF PROMISE