GOOD SEED COMMUNITY DEVELOPMENT CORPORATION (EIN 463005368) - 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

Phone

3237585433

Tax Period

2024-01-01 to 2024-12-31

GOOD SEED COMMUNITY DEVELOPMENT CORPORATION, founded in 2013, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 7% surplus.

Mission

Our Mission is to provide enhanced emergency housing, employment training, supportive services, enrichment programs, and mental health programs to youth and adults, so they can not only survive, but THRIVE!

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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 $6,951,058

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,951,058

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,783,460

Fundraising Expenses $0

Program Expenses $5,906,735

Other Expenses $1,681,331

TOTAL EXPENSES $6,464,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,951,058	$5,376,244	+0.3%
Expenses	$6,464,791	$5,166,585	+0.3%
Net Income	$486,267	$209,659	+1.3%

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

N/A

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
LAFAYETTE GEORGE	INDIVIDUAL TRUSTEE	10.00	Officer Director	$0	$0	$0
PHYLLIS HAYES	SECRETARY	10.00	Officer Director	$0	$0	$0
JONATHAN THOMPSON	PRESIDENT AND EXECUTIVE DIRECTOR	64.00	Officer	$0	$0	$0
SONJIA WHITE	BOARD CHAIR	10.00	Officer	$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	$6,951,058	$6,464,791	$1,951,301	$486,267
2023	$5,376,244	$5,166,585	$1,650,674	$209,659
2022	$3,579,944	$3,295,218	$404,639	$284,726
2021	$2,702,566	$2,335,665	$119,913	$366,901
2020	$2,196,757	$2,536,839	$64,412	$-340,082
2019	$1,546,988	$1,488,437	$93,766	$58,551
2018	$1,077,662	$1,095,759	$38,993	$-18,097

GOOD SEED COMMUNITY DEVELOPMENT CORPORATION