GOODWORKS INC (EIN 200495619) - 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

2005

Legal Domicile

Principal Officer

W BRINKLEY MELVIN

Phone

8033452030

Tax Period

2024-01-01 to 2024-12-31

GOODWORKS INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $352K in total revenue in fiscal year 2024. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 55% operating margin.

Mission

TO ASSIST LOW INCOME FAMILIES WITH HOME REPOAIRS TO IMPROVE THEIR LIVING CONDITIONS

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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 $85,957

Program Service Revenue $243,081

Investment Income $22,504

Other Revenue $0

TOTAL REVENUE $351,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,727

Fundraising Expenses $0

Program Expenses $144,875

Other Expenses $116,479

TOTAL EXPENSES $157,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$351,542	$174,236	+1.0%
Expenses	$157,206	$145,012	+0.1%
Net Income	$194,336	$29,224	+5.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L K HARRELL III	DIRECTOR	N/A	Officer	$0	$0	$0
W BRINKLEY MELVIN	PRESIDENT	N/A	Officer	$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	$351,542	$157,206	$1,557,361	$194,336
2023	$174,236	$145,012	$1,412,864	$29,224
2022	$121,335	$178,043	$1,388,103	$-56,708
2021	$270,621	$154,649	$1,502,095	$115,972
2020	$256,730	$148,822	$1,386,123	$107,908
2019	$166,486	$158,765	$1,278,215	$7,721
2018	$164,441	$131,437	$1,270,494	$33,004

GOODWORKS INC