GOODWILL EDUCATION INITIATIVES INC (EIN 200749885) - 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

2004

Legal Domicile

Principal Officer

MATTHEW FORTNEY

Phone

3175244313

Tax Period

2024-07-01 to 2025-06-30

GOODWILL EDUCATION INITIATIVES INC, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $44.3M in total revenue in fiscal year 2024.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH ONE OR MORE CHARTER SCHOOLS.

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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 $43,039,713

Program Service Revenue $633,077

Investment Income $453,880

Other Revenue $124,573

TOTAL REVENUE $44,251,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,500,735

Fundraising Expenses $0

Program Expenses $36,921,360

Other Expenses $13,453,026

TOTAL EXPENSES $43,953,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,251,243	$41,172,822	+0.1%
Expenses	$43,953,761	$35,489,391	+0.2%
Net Income	$297,482	$5,683,431	-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

514

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

$1,532,852

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GITA BAKER	CHAIR	1.00	Officer Director	$0	$0	$0
LAURA PICKETT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KOFI BARKO	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA CASTANEDA	DIRECTOR	1.00	Director	$0	$0	$0
C PERRY GRIFFITH JR	DIRECTOR	1.00	Director	$0	$0	$0
GARLAND GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
DON PALMER	DIRECTOR	1.00	Director	$0	$0	$0
JAY OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW FORTNEY	TREASURER-NON VOTING	1.00	Officer	$0	$25,045	$344,407
KENT KRAMER	CEO - GOODWILL LEGACY GROUP	1.00	Officer	$0	$42,067	$786,620
BETSY DELGADO	SVP OF EDUCATION	1.00	Officer	$0	$42,475	$401,825
KATHERINE BUSTAMANTE	VICE PRESIDENT, GEI & THE EXCEL CENTER NATIONAL OF	40.00	Highest	$176,422	$19,276	$195,698
LAKIA OSBORNE	SENIOR DIRECTOR, GEI	40.00	Highest	$146,722	$22,307	$169,029
COREY EMERY	SENIOR DIRECTOR, GEI	40.00	Highest	$134,708	$6,808	$141,516
DAN SCOTT	SENIOR DIRECTOR, CORPORATE IMPACT & ANALYTICS	40.00	Highest	$127,579	$29,911	$157,490
SARAH THOMAS	SENIOR DIRECTOR, NATIONAL OFFICE	40.00	Highest	$125,604	$25,733	$151,337

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	$44,251,243	$43,953,761	$44,757,876	$297,482
2024	$41,172,822	$35,489,391	$38,755,607	$5,683,431
2023	$34,483,175	$34,206,998	$31,641,632	$276,177
2022	$35,840,790	$34,010,054	$25,308,391	$1,830,736
2021	$37,660,175	$32,424,330	$24,758,862	$5,235,845
2020	$35,463,634	$32,357,870	$18,896,307	$3,105,764
2019	$32,224,458	$31,553,723	$15,554,052	$670,735
2018	$29,491,347	$28,241,177	$14,512,793	$1,250,170

GOODWILL EDUCATION INITIATIVES INC