CITY SEED 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

2004

Legal Domicile

Principal Officer

SARAH MILLER

Phone

2037733736

Tax Period

2024-02-01 to 2025-01-31

CITY SEED INC, founded in 2004, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO ENGAGE THE COMMUNITY IN GROWING A LOCAL FOOD SYSTEM THAT SUPPORTS ECONOMIC DEVELOPMENT, COMMUNITY DEVELOPMENT, AND SUSTAINABLE AGRICULTURE. WE AIM TO ACCOMPLISH THIS THROUGH A SUITE OF FOOD-BASED PROGRAMS, INCLUDING: IMPROVING ACCESS TO FRESH, HEALTHY FOOD THROUGH COORDINATING AND MANAGING A NETWORK OF FARMERS MARKETS WITH OPTIONS FOR ALL INCOME LEVELS; PROVIDING COOKING AND NUTRITION EDUCATION, WITH A FOCUS ON MAXIMIZING NUTRITION BENEFITS; OFFERING FOOD-BASED BUSINESS INCUBATION SERVICES AND SUPPORTING SMALL-SCALE FOOD ENTREPRENEURS; AND SUPPORTING CULINARY EXCHANGE THROUGH COOKING CLASSES AS PART OF OUR SANCTUARY KITCHEN PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $273,880 Revenue: $205,908

SINCE LAUNCHING THE CITY'S FIRST FARMERS MARKET IN 2004, WE HAVE GROWN A NETWORK OF YEAR-ROUND MARKETS THAT CONNECT OVER 60 CONNECTICUT FARMERS AND PRODUCERS TO 60,000 CUSTOMERS, THAT ACCEPTS ALL...

SINCE LAUNCHING THE CITY'S FIRST FARMERS MARKET IN 2004, WE HAVE GROWN A NETWORK OF YEAR-ROUND MARKETS THAT CONNECT OVER 60 CONNECTICUT FARMERS AND PRODUCERS TO 60,000 CUSTOMERS, THAT ACCEPTS ALL NUTRITION SUPPORT BENEFITS. CITYSEED'S FARMERS MARKETS OFFER A PLATFORM, ALONG WITH SUBSIDIZED VENDING FEES AND NO-COST MARKET KITS, FOR LOCAL BUSINESSES, ENTREPRENEURS, AND FARMERS TO EXHIBIT AND SELL THEIR PRODUCTS, PRIORITIZING THOSE FROM NEW HAVEN NEIGHBORHOODS AND THUS CIRCUMVENTING BARRIERS TO ENTRY THAT RISING ENTREPRENEURS FACE.

Program 2

Expenses: $186,564 Revenue: $182,405

CITYSEED PROVIDES FOOD BUSINESS INCUBATION SERVICES AND ACCESS TO COMMERCIAL KITCHEN SPACE.

Program 3

Expenses: $607,545 Revenue: $440,504

SANCTUARY KITCHEN SUPPORTS NEW RESIDENTS OF GREATER NEW HAVEN BY CREATING ECONOMIC OPPORTUNITY AND BY PROVIDING PROFESSIONAL DEVELOPMENT AND CULINARY TRAINING.

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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 $1,009,769

Program Service Revenue $382,856

Investment Income $32

Other Revenue $0

TOTAL REVENUE $1,392,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $842,502

Fundraising Expenses $36,163

Program Expenses $1,253,514

Other Expenses $511,811

TOTAL EXPENSES $1,354,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,392,657	$1,569,421	-0.1%
Expenses	$1,354,313	$1,233,079	+0.1%
Net Income	$38,344	$336,342	-0.9%

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

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

$53,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HEITAMN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE KIM	CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
YVETTE HOUGHTON	TREASURER	1.00	Officer Director	$0	$0	$0
LISA BASSANI	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
LUIS CHAVEZ-BRUMMELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRA DAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY ELLIMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
VEENA KAPADIA	BOARD MEMBER	1.00	Director	$0	$0	$0
POLLY LABARRE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE NAJAM	BOARD MEMBER	1.00	Director	$0	$0	$0
ONYEKA OBIOCHA	BOARD MEMBER	1.00	Director	$0	$0	$0
TABITHA SOOKDEO	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN VEGA	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH MILLER	EXCUTIVE DIRECTOR	40.00	Officer	$53,212	$0	$53,212

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	$1,392,657	$1,354,313	$1,628,637	$38,344
2024	$1,402,864	$1,228,114	$742,843	$174,750
2024	$1,569,421	$1,233,079	$744,914	$336,342
2023	$993,960	$1,079,207	$480,969	$-85,247
2022	$945,216	$887,512	$381,343	$57,704
2021	$740,143	$677,536	$267,942	$62,607
2020	$634,927	$624,467	$119,381	$10,460
2019	$509,550	$519,696	$134,736	$-10,146