SOUTHEAST EFFECTIVE DEVELOPMENT (EIN 910947619) - 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

1975

Legal Domicile

Principal Officer

MICHAEL SEIWERATH

Phone

2067237333

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST EFFECTIVE DEVELOPMENT, founded in 1975, is a mid-sized nonprofit in the Community Improvement sector that reported $15.8M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum.

Mission

SOUTHEAST EFFECTIVE DEVELOPMENT ("SEED") IS A NOT-FOR-PROFIT COMMUNITY DEVELOPMENT CORPORATION THAT INVESTS IN THE FUTURE OF SOUTHEAST SEATTLE BY FACILITATING SOCIAL, ECONOMIC, HOUSING AND CULTURAL PROGRAMS WITHIN THE COMMUNITY. FOUNDED IN 1975, SEED WORKS TO STRENGTHEN AND REVITALIZE THE NEIGHBORHOODS AND BUSINESS DISTRICTS OF SOUTHEAST SEATTLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,974,854

Program Service Revenue $8,553,569

Investment Income $1,847,396

Other Revenue $3,446,859

TOTAL REVENUE $15,822,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,372,166

Fundraising Expenses $104,668

Program Expenses $15,114,274

Other Expenses $13,384,961

TOTAL EXPENSES $15,757,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,822,678	$7,345,501	+1.2%
Expenses	$15,757,127	$9,361,800	+0.7%
Net Income	$65,551	$-2,016,299	-1.0%

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

$285,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SEIWERATH	EXECUTIVE DIRECTOR	40.00	Officer	$165,857	$0	$165,857
JOON CHANG	FINANCE DIRECTOR	40.00	Officer	$119,332	$0	$119,332
KENT'AE VAN LONDON	DIRECTOR OF PROPERTY & ASSET MGMT	40.00	Highest	$110,208	$0	$110,208
DAMIAN STACK	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSANNA TRAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARI TAMIYASU	SECRETARY	2.00	Officer Director	$0	$0	$0
ASHWIN WARRIOR	TREASURER	2.00	Officer Director	$0	$0	$0
GAUTHAM ACHARYA	DIRECTOR	2.00	Director	$0	$0	$0
EVAN CANTINI MD	DIRECTOR	2.00	Director	$0	$0	$0
KRISTA HOLLAND	DIRECTOR	2.00	Director	$0	$0	$0
AMBER ROSE JIMINEZ	DIRECTOR (LEFT IN 2023)	2.00	Director	$0	$0	$0
JIQUANDA NELSON	DIRECTOR	2.00	Director	$0	$0	$0
PEARL NELSON	DIRECTOR	2.00	Director	$0	$0	$0
LACEY WARRIOR	DIRECTOR	2.00	Director	$0	$0	$0
KAREN WONG	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$15,822,678	$15,757,127	$68,410,013	$65,551
2022	$7,345,501	$9,361,800	$58,235,532	$-2,016,299
2021	$4,590,608	$5,298,224	$44,851,964	$-707,616
2020	$4,556,597	$4,792,724	$44,281,823	$-236,127
2019	$3,736,026	$5,302,627	$40,795,912	$-1,566,601

SOUTHEAST EFFECTIVE DEVELOPMENT