Seed of Abraham Ministries Inc

EIN: 550882094 501(c)(3) Religion

Merritt Island, FL

Total Revenue
$6,083,159
Total Expenses
$5,281,574
Total Assets
$5,227,795
Net Assets
$5,068,551
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
Thomas Bradford
Phone
3214549322
Tax Period
2023-01-01 to 2023-12-31

Seed of Abraham Ministries Inc, founded in 2005, is a community nonprofit in the Religion sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $5.3M left a modest 13% surplus.

Mission

Religious Charitable Organization

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,268,891
Program Service Revenue $665,580
Investment Income $30,882
Other Revenue $117,806
TOTAL REVENUE $6,083,159

Expense Breakdown

Grants Paid $998,679
Salaries & Benefits $716,383
Fundraising Expenses $175,011
Program Expenses $4,992,715
Other Expenses $3,566,512
TOTAL EXPENSES $5,281,574

Year-over-Year Comparison

2023 2022 Change
Revenue $6,083,159 $4,698,984 +0.3%
Expenses $5,281,574 $4,139,768 +0.3%
Net Income $801,585 $559,216 +0.4%
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

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Governance

Voting Members
5
Independent Members
5
Employees
19
Volunteers
35

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
0
$0
Total Directors
5
$62,508
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Bradford President 10.00
Director
$0 $0 $0
Patricia Stallard Secretary 40.00
Director
$62,508 $0 $62,508
Robert Lehton Vice President 10.00
Director
$0 $0 $0
Thomas Williamson Board Member 10.00
Director
$0 $0 $0
Scott Langston Board Member 10.00
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
2024 No data No data No data No data
2023 $6,083,159 $5,281,574 $5,227,795 $801,585
2022 $4,698,984 $4,139,768 $4,880,224 $559,216
2021 $4,223,778 $3,169,657 $3,899,025 $1,054,121
2020 $3,323,565 $2,857,332 $2,746,446 $466,233
2019 $2,927,308 $2,966,530 $2,390,165 $-39,222
2018 $2,645,952 $2,428,194 $2,462,044 $217,758
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