SEED Ministries 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

1992

Legal Domicile

Phone

5126946429

Tax Period

2022-01-01 to 2022-12-31

SEED Ministries Inc, founded in 1992, is a small nonprofit in the Religion sector that reported $229K in total revenue in fiscal year 2022. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

EVANGELISM AND EDUCATION

Program Service Accomplishments

Program 1

Expenses: $220,368

SPREADING THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISM AND EDUCATION TO THE PEOPLE OF HAITI. STUDENTS ARE TAUGHT THE BIBLE AND ITS PRINCIPLES FOR LIVING THE CHRISTIAN LIFE. STUDENTS ARE TAUGHT HOW TO GROW FOOD AND CROPS. THEY ARE THEN ENCOURAGED TO GO OUT INTO THE COUNTRY AND TEACH THESE PRINCIPLES TO OTHERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $228,666

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $228,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,200

Fundraising Expenses $0

Program Expenses $220,368

Other Expenses $224,921

TOTAL EXPENSES $238,121

Year-over-Year Comparison

	2022	2021	Change
Revenue	$228,666	$302,158	-0.2%
Expenses	$238,121	$282,202	-0.2%
Net Income	$-9,455	$19,956	-1.5%

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

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

$13,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Franz Clotaire	Field Director	40.00	Director	$13,200	$0	$13,200
Raymie Porter	Member	12.00	Director	$0	$0	$0
Hal Mickelson	President	12.00	Director	$0	$0	$0
Joe Kopec	Treasurer	12.00	Director	$0	$0	$0
Jenny Larmor	Secretary	12.00	Director	$0	$0	$0
Bill Stoller	Member	12.00	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
2022	$228,666	$238,121	$346,659	$-9,455
2021	$302,158	$282,202	$356,114	$19,956