APPLESEED FOUNDATION INC

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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

1993

Legal Domicile

Principal Officer

BENET MAGNUSON

Phone

2029052788

Tax Period

2024-07-01 to 2025-06-30

APPLESEED FOUNDATION INC, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $167K, a strong 16% operating margin.

Mission

THE APPLESEED FOUNDATION SUPPORTS THE APPLESEED NETWORK, A COLLABORATION OF 20 NONPROFIT JUSTICE CENTERS ACROSS THE US AND MEXICO WORKING TOGETHER TO REDUCE POVERTY, COMBAT DISCRIMINATION, AND INVIGORATE DEMOCRACY.

Program Service Accomplishments

Program 1

Expenses: $460,631

APPLESEED NETWORK COLLABORATION -- THE APPLESEED FOUNDATION FACILITATES COLLABORATIVE ADVOCACY AMONG THE 20 JUSTICE CENTERS IN THE APPLESEED NETWORK. THESE COLLABORATIONS INCLUDE MULTICENTER PROJECTS RELATED TO ECONOMIC JUSTICE, CRIMINAL JUSTICE, EDUCATION AND YOUTH, IMMIGRATION, AND ACCESS TO JUSTICE. ISSUES OF SOCIAL JUSTICE ARE BOTH WIDESPREAD ACROSS JURISDICTIONS AND DEEPLY ROOTED IN THEIR SPECIFIC COMMUNITY CONTEXT, AND APPLESEED'S STRUCTURE INDEPENDENT JUSTICE CENTERS WORKING COLLABORATIVELY AS A NETWORK ALLOWS APPLESEED TO WORK ON THESE ISSUES BOTH BROADLY AND DEEPLY.

Program 2

Expenses: $169,666

COLLECTIVE CAPACITY BUILDING -- THE APPLESEED FOUNDATION DEEPENS THE APPLESEED NETWORK'S IMPACT BY HELPING BUILD COMMUNITIES OF LEARNING AND PRACTICE AMONG THE 20 APPLESEED JUSTICE CENTERS. THROUGH FREQUENT WORKSHOPS, TRAININGS, STAFF COHORTS, AND STUDY GROUPS, THE APPLESEED FOUNDATION BRINGS APPLESEED CENTERS TOGETHER TO SHARE LESSONS LEARNED, TROUBLESHOOT CHALLENGES, DEVELOP NEW AND INNOVATIVE APPROACHES, AND FOSTER THE SENSE OF COMMUNITY NECESSARY TO SUSTAIN SOCIAL JUSTICE MOVEMENTS.

Program 3

Expenses: $109,578

APPLESEED NEW JUSTICE -- THE APPLESEED FOUNDATION SOWS THE SEEDS OF JUSTICE BY LAUNCHING NEW APPLESEED JUSTICE CENTERS. WHEN ESTABLISHING A NEW APPLESEED CENTER, THE APPLESEED FOUNDATION WORKS...

APPLESEED NEW JUSTICE -- THE APPLESEED FOUNDATION SOWS THE SEEDS OF JUSTICE BY LAUNCHING NEW APPLESEED JUSTICE CENTERS. WHEN ESTABLISHING A NEW APPLESEED CENTER, THE APPLESEED FOUNDATION WORKS CLOSELY WITH LOCAL COMMUNITY MEMBERS, ADVOCATES, AND OTHER STAKEHOLDERS TO IDENTIFY THE MOST PRESSING ISSUES IN THE JURISDICTION, GAPS IN EXISTING ADVOCACY INFRASTRUCTURE, AND OPPORTUNITIES FOR COLLABORATION. TWO NEWEST CENTERS ARE CONNECTICUT APPLESEED (RELAUNCHED IN 2024) AND WISCONSIN APPLESEED (LAUNCHED IN 2025).

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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 $1,034,641

Program Service Revenue $0

Investment Income $57,564

Other Revenue $-38,250

TOTAL REVENUE $1,053,955

Expense Breakdown

Grants Paid $344,414

Salaries & Benefits $373,317

Fundraising Expenses $52,711

Program Expenses $739,875

Other Expenses $168,794

TOTAL EXPENSES $886,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,053,955	$805,974	+0.3%
Expenses	$886,525	$810,992	+0.1%
Net Income	$167,430	$-5,018	-34.4%

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

$134,691

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENET MAGNUSON ARTHUR MONROE	EXECUTIVE DIRECTOR	40.00	Officer	$127,220	$7,471	$134,691
ERIC KOENIG	CO-CHAIR	2.50	Officer Director	$0	$0	$0
DANIEL DOMINGUEZ CO-CHAIR ELECT	UNTIL NOV. 2024, THEN CO-CHAIR	2.50	Officer Director	$0	$0	$0
TOM MCCOY IMM PAST CO-CHAIR	UNTIL NOV. 2024, THEN MEMBER	0.50	Officer Director	$0	$0	$0
RORY LERARIS CO-CHAIR UNTIL	NOV. 2024, THEN IMM. PAST CO-CHAIR	1.00	Officer Director	$0	$0	$0
JOE HOANG	SECRETARY UNTIL NOVEMBER 2024	1.00	Officer Director	$0	$0	$0
NICHOLAS DELUCA MEMBER TREAS	AS OF JULY 24, SEC./TREAS. AS OF NOV. 2024	1.00	Officer Director	$0	$0	$0
SHARIE BROWN MEMBER UNTIL	NOV. 2024, THEN CO-CHAIR ELECT	1.00	Director	$0	$0	$0
LISA DEWEY	MEMBER	1.00	Director	$0	$0	$0
GAIL ERICKSON	MEMBER	1.00	Director	$0	$0	$0
MARKUS GREEN	MEMBER	0.50	Director	$0	$0	$0
RICHARD JEROME	MEMBER	0.50	Director	$0	$0	$0
CURTIS LU	MEMBER	0.50	Director	$0	$0	$0
RALPH NADER	MEMBER	1.00	Director	$0	$0	$0
RALPH PETERSBERGER	MEMBER	1.00	Director	$0	$0	$0
JON WALCOFF	MEMBER	0.50	Director	$0	$0	$0
PHIL ZEIDMAN	MEMBER	1.00	Director	$0	$0	$0
BEVERLY ALLEN	MEMBER	0.50	Director	$0	$0	$0
BOB BACHNER	MEMBER	1.00	Director	$0	$0	$0
MARY BENTON	MEMBER	0.50	Director	$0	$0	$0
KATIE JOSEPH	MEMBER	0.50	Director	$0	$0	$0
JOHN SHUTKIN	MEMBER	0.50	Director	$0	$0	$0
DAVID SCHRODT	MEMBER	0.50	Director	$0	$0	$0
JAMES SHADD III	MEMBER	0.50	Director	$0	$0	$0
KEITH BENES	MEMBER	0.50	Director	$0	$0	$0
MARK DARRELL	MEMBER	0.50	Director	$0	$0	$0
JOHN CLANCY	MEMBER	0.50	Director	$0	$0	$0
LEOPOLDO HERNANDEZ	MEMBER	0.50	Director	$0	$0	$0
WENCHI HU	MEMBER	0.50	Director	$0	$0	$0
MAKA HUTSON	MEMBER	0.50	Director	$0	$0	$0
LENA KONANOVA	MEMBER	0.50	Director	$0	$0	$0
KEVIN KRAHAM	MEMBER	0.50	Director	$0	$0	$0
ALEX REID	MEMBER	0.50	Director	$0	$0	$0
THEA SEBASTIAN	MEMBER	0.50	Director	$0	$0	$0
ANNAMARIA STEWARD	MEMBER	0.50	Director	$0	$0	$0
JAMIE UNDERWOOD	MEMBER	0.50	Director	$0	$0	$0
COURTNEY DYER	MEMBER AS OF NOVEMBER 2024	0.50	Director	$0	$0	$0
KEVIN JOHNSON	MEMBER AS OF NOVEMBER 2024	0.50	Director	$0	$0	$0
RUSSELL MANNS	MEMBER AS OF NOVEMBER 2024	0.50	Director	$0	$0	$0
SANDRA HANNA	MEMBER AS OF NOVEMBER 2024	0.50	Director	$0	$0	$0
PETE DAVIS	MEMBER UNTIL APRIL 2025	0.50	Director	$0	$0	$0
MARC SHERMAN	MEMBER UNTIL NOVEMBER 2024	0.50	Director	$0	$0	$0
SHIREEN MEER	MEMBER UNTIL JANUARY 2025	1.00	Director	$0	$0	$0
MARTHA HODGESMITH	MEMBER UNTIL JANUARY 2025	0.50	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	$1,053,955	$886,525	$1,961,350	$167,430
2024	$805,974	$810,992	$1,667,481	$-5,018
2023	$696,694	$622,852	$1,677,519	$73,842
2022	$782,681	$548,410	$1,531,911	$234,271
2021	$387,952	$241,684	$1,588,032	$146,268