GOODWIN FOUNDATION INC (EIN 061599388) - 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

2000

Legal Domicile

Principal Officer

DR ETHAN FOXMAN

Phone

8605284111

Tax Period

2023-07-01 to 2024-06-30

GOODWIN FOUNDATION INC, founded in 2000, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $377K, a strong 22% operating margin.

Mission

THE GOODWIN FOUNDATION SUPPORTS THE MISSION OF GOODWIN UNIVERSITY TO EXTEND EDUCATIONAL OPPORTUNITIES TO UNDERSERVED POPULATIONS BY FUNDRAISING FOR SCHOLARSHIPS AND OTHER INITIATIVES. WITH THE GUIDANCE OF AN INDEPENDENT BOARD OF DIRECTORS, THE FOUNDATION IDENTIFIES KEY STRATEGIC FUNDRAISING GOALS AND CULTIVATES DONORS THROUGH MAJOR GIVING, ANNUAL FUND, AND ALUMNI GIVING CAMPAIGNS. THROUGH A COORDINATED PLAN OF INSTITUTIONAL GIVING AND SCHOLARSHIPS, THE FOUNDATION SUPPORTS EDUCATIONAL ACCESS FOR A WIDE RANGE OF STUDENTS, INCLUDING THE OVER HALF OF GOODWIN STUDENTS WHO ARE FIRST GENERATION COLLEGE STUDENTS. THE FOUNDATION SEEKS TO SUPPORT THOSE STUDENTS WHO HAVE BOTH AN ACUTE FINANCIAL NEED, AND HAVE DEMONSTRATED THE DESIRE TO ACHIEVE ACADEMIC SUCCESS.FUNDS RAISED BY THE FOUNDATION ALSO SUPPORT SPECIFIC INITIATIVES TARGETED AT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP, INCLUDING THE MEN OF VISION IN EDUCATION (MOVE) AND WOMEN INVESTED IN SEEKING EDUCATION (WISE),

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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 $644,736

Program Service Revenue $0

Investment Income $1,112,440

Other Revenue $-28,429

TOTAL REVENUE $1,728,747

Expense Breakdown

Grants Paid $973,139

Salaries & Benefits $0

Fundraising Expenses $9,275

Program Expenses $1,264,462

Other Expenses $378,630

TOTAL EXPENSES $1,351,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,728,747	$2,727,211	-0.4%
Expenses	$1,351,769	$834,920	+0.6%
Net Income	$376,978	$1,892,291	-0.8%

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

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

$1,426,005

Total Directors

$1,426,005

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREWS TODD	DIRECTOR/SENIOR VP	5.00	Officer Director	$0	$7,085	$303,343
FOXMAN ETHAN	PRESIDENT	0.70	Officer Director	$0	$0	$0
HOUSLEY LEE	DIRECTOR	0.30	Director	$0	$0	$0
KAPLAN TED	DIRECTOR	0.30	Director	$0	$0	$0
LOUDEN MOLLY	DIRECTOR	0.30	Director	$0	$0	$0
MAFFEE JAY	DIRECTOR	0.30	Director	$0	$0	$0
MARGNELLI JAY	DIRECTOR	0.30	Director	$0	$0	$0
MEYER JR EDWIN	DIRECTOR/CFO	4.00	Officer Director	$0	$48,378	$323,160
RESNICK JUDITH	DIRECTOR	0.30	Director	$0	$0	$0
SHECHTMAN RICHARD	DIRECTOR	0.30	Director	$0	$0	$0
SCHEINBERG MARK E	DIRECTOR/PRESIDENT	5.00	Officer Director	$0	$24,199	$799,502
SHEA MARTIN K	SECRETARY/TREASURER	0.50	Officer 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	$1,728,747	$1,351,769	$16,901,577	$376,978
2023	$2,727,211	$834,920	$14,992,599	$1,892,291
2022	$1,471,908	$857,048	$12,281,744	$614,860
2021	$1,082,951	$1,005,464	$13,948,632	$77,487
2019	$984,206	$702,082	$11,381,185	$282,124
2018	$1,233,826	$1,068,629	$10,829,033	$165,197

GOODWIN FOUNDATION INC