GODDARD COLLEGE (EIN 030179419) - 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

1984

Legal Domicile

Principal Officer

DANNY HOCOY

Phone

8028645751

Tax Period

2024-07-01 to 2025-06-30

GODDARD COLLEGE, founded in 1984, is a micro nonprofit in the Education sector that reported $649K in total revenue in fiscal year 2024. Revenue fell 111% from the prior year — a significant decline worth monitoring.

Mission

TO ADVANCE CULTURES OF RIGOROUS INQUIRY, COLLABORATION, AND LIFELONG LEARNING, WHERE INDIVIDUALS TAKE IMAGINATIVE AND RESPONSIBLE ACTION IN THE WORLD.

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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 $2,581

Program Service Revenue $73,857

Investment Income $-725,512

Other Revenue $0

TOTAL REVENUE $-649,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,548,746

Fundraising Expenses $0

Program Expenses $409,199

Other Expenses $1,449,627

TOTAL EXPENSES $2,998,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-649,074	$5,685,292	-1.1%
Expenses	$2,998,373	$7,327,384	-0.6%
Net Income	$-3,647,447	$-1,642,092	+1.2%

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

105

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

$291,239

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK JONES	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PHYLLIS WORTHY DAWKINS	VICE CO-CHAIR	1.00	Officer Director	$0	$0	$0
DENISE DEZOLT	VICE CO-CHAIR	1.00	Officer Director	$0	$0	$0
MIKE CAIRNS	TREASURER	2.00	Officer Director	$0	$0	$0
DENNIS RUSH	SECRETARY	1.00	Officer Director	$0	$0	$0
DANNY HOCOY	PRESIDENT	40.00	Officer	$284,070	$7,169	$291,239
TRACY GARRETT	FORMER FACULTY TRUSTEE (TO 6/23/24)	1.00		$47,965	$3,584	$51,549
ALISHA RABY-CEFALO	FORMER TRUSTEE (TO 4/1/24)	1.00		$15,821	$2,151	$17,972

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	$-649,074	$2,998,373	$1,351,327	$-3,647,447
2024	$5,685,292	$7,327,384	$7,137,340	$-1,642,092
2023	$7,369,654	$7,782,487	$8,815,601	$-412,833
2022	$8,877,850	$8,750,849	$9,329,154	$127,001
2021	$9,382,113	$7,869,165	$9,435,038	$1,512,948
2020	$8,178,765	$8,823,864	$8,825,896	$-645,099
2019	$8,706,619	$8,992,628	$8,476,572	$-286,009
2018	$9,752,489	$10,475,159	$9,294,457	$-722,670

GODDARD COLLEGE