Seeds For Progress Foundation Inc (EIN 462393827) - 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

2013

Legal Domicile

Principal Officer

Kevin Marinacci

Phone

6308811091

Tax Period

2023-01-01 to 2023-12-31

Seeds For Progress Foundation Inc, founded in 2013, is a small nonprofit in the International Affairs sector that reported $506K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $900K exceeded revenue, resulting in a 78% operating deficit.

Mission

To improve and implement educational programs in rural and underserved regions of the world, beginning in Central America with an emphasis in Guatemala.

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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 $206,390

Program Service Revenue $0

Investment Income $0

Other Revenue $299,925

TOTAL REVENUE $506,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,596

Fundraising Expenses $0

Program Expenses $321,231

Other Expenses $588,651

TOTAL EXPENSES $900,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,315	$1,064,216	-0.5%
Expenses	$900,247	$1,011,062	-0.1%
Net Income	$-393,932	$53,154	-8.4%

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

N/A

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
Jose Antonio Baltodano Cabrera	Director	002.00	Director	$0	$0	$0
Craig Russel	Director	002.00	Director	$0	$0	$0
Kenneth Hart	Treasurer	002.00	Officer Director	$0	$0	$0
Indiana Baltodano	Vice President	002.00	Officer Director	$0	$0	$0
Sharon M Ravitch	Director	002.00	Director	$0	$0	$0
Michelle Rene Johnson	Secretary	002.00	Officer Director	$0	$0	$0
Kevin Christopher Marinacci	President	004.00	Officer 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	No data	No data	No data	No data
2023	$506,315	$900,247	$262,208	$-393,932
2022	$1,064,216	$1,011,062	$532,275	$53,154
2021	$1,288,709	$1,349,136	$615,436	$-60,427
2020	$1,970,098	$1,839,024	$948,181	$131,074
2019	$1,476,868	$1,289,318	$666,528	$187,550
2018	$1,016,473	$915,016	$423,383	$101,457

Seeds For Progress Foundation Inc