SeekHealing (EIN 814832857) - 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

2017

Legal Domicile

Principal Officer

Joshua Ginsberg

Phone

8282225029

Tax Period

2024-01-01 to 2024-12-31

SeekHealing, founded in 2017, is a small nonprofit in the Mental Health sector that reported $404K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $522K exceeded revenue, resulting in a 29% operating deficit.

Mission

Making opportunities for meaningful human connection universally accessible in order to improve social health in local communities and reduce deaths of despair.

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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 $269,408

Program Service Revenue $134,348

Investment Income $0

Other Revenue $0

TOTAL REVENUE $403,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,754

Fundraising Expenses $40,482

Program Expenses $451,947

Other Expenses $281,271

TOTAL EXPENSES $522,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$403,756	$539,252	-0.3%
Expenses	$522,025	$406,289	+0.3%
Net Income	$-118,269	$132,963	-1.9%

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

$51,337

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Nicolaisen	Executive Director	40.00	Officer	$51,337	$0	$51,337
Joshua Ginsberg	President	5.00	Officer Director	$0	$0	$0
Lauren Tevelow	Treasurer/Secretary	2.50	Officer Director	$0	$0	$0
Lauren Clark	Vice President	2.00	Officer Director	$0	$0	$0
Joshua Franks	Member	2.50	Director	$0	$0	$0
Jennifer Garrett	Member	1.50	Director	$0	$0	$0
Susan Freeman	Member	2.00	Director	$0	$0	$0
Sara Ness	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	No data	No data	No data	No data
2024	$403,756	$522,025	$118,150	$-118,269
2023	$539,252	$406,289	$249,462	$132,963
2022	$361,871	$347,463	$111,746	$14,408
2021	$425,081	$422,656	$144,904	$2,425

SeekHealing