Seed House Project (EIN 463562349) - 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

2019

Legal Domicile

Principal Officer

Garrett Underwood

Phone

8183519718

Tax Period

2024-07-01 to 2025-06-30

Seed House Project, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 486% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 6% surplus.

Mission

To utilize dignified housing as a tool to support transition age youth experiencing housing instability by strengthening personal agency social-emotional wellbeing and economic stability while helping transform adversity into purpose through community based support.

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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 $1,634,465

Program Service Revenue $0

Investment Income $19

Other Revenue $1,462

TOTAL REVENUE $1,635,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $759,988

Fundraising Expenses $0

Program Expenses $1,241,308

Other Expenses $777,137

TOTAL EXPENSES $1,537,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,635,946	$279,281	+4.9%
Expenses	$1,537,125	$349,718	+3.4%
Net Income	$98,821	$-70,437	-2.4%

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

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

$128,750

Total Directors

$113,706

Key Employees

$242,456

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garrett Underwood	Executive Director	40.00	Officer Key Emp	$128,750	$0	$128,750
Alex Couri	Development Director	40.00	Director Key Emp	$113,706	$0	$113,706
Jason Plunkett	Chairman	2.00	Officer Director	$0	$0	$0
Andrea Humphrey	Vice Chair	2.00	Officer Director	$0	$0	$0
Marc Henderson	Treasurer	2.00	Officer Director	$0	$0	$0
Ryan Taylor	Secretary	2.00	Officer Director	$0	$0	$0
Krystal Sims	Board Member	2.00	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
2025	$1,635,946	$1,537,125	$1,219,473	$98,821
2024	$1,603,281	$1,234,868	$1,196,575	$368,413
2023	$279,281	$349,718	$788,203	$-70,437
2023	$1,603,281	$1,234,868	$1,196,575	$368,413
2022	$1,125,566	$292,435	$858,931	$833,131
2021	$151,083	$140,058	$24,949	$11,025
2020	$50,079	$113,228	$13,924	$-63,149

Seed House Project