GOODTEMPS INC

EIN: 201643163 501(c)(3) Employment

MUSKEGON, MI

Total Revenue
$3,964,661
Total Expenses
$3,770,433
Total Assets
$878,667
Net Assets
$870,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MI
Principal Officer
JEANETTE HOYER
Phone
2317227871
Tax Period
2024-01-01 to 2024-12-31

GOODTEMPS INC, founded in 2004, is a community nonprofit in the Employment sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $3.8M left a modest 5% surplus.

Mission

GOODTEMPS STAFFING SOLUTIONS IS A NONPROFIT STAFFING AGENCY THAT PROVIDES TEMPORARY, TEMPORARY-TO-PERMANENT, AND PERMANENT JOB OPPORTUNITIES FOR PEOPLE WITH DISABILITIES AND OTHER DISADVANTAGING CONDITIONS SUCH AS LACK OF EXPERIENCE OR A CRIMINAL BACKGROUND. GOODTEMPS ALSO ASSISTS DISPLACED WORKERS AND OTHERS SEEKING HELP IN ENTERING OR RE-ENTERING THE WORKFORCE.

Program Service Accomplishments

Program 1
Expenses: $3,770,433 Revenue: $3,964,661

GOODTEMPS STAFFING SOLUTIONS GOODTEMPS OFFERS LOCAL JOB SEEKERS INCLUDING PERSONS WITH DISABILITIES, DISPLACED WORKERS, EX-OFFENDERS, AND PEOPLE WITH OTHER DISADVANTAGES ASSISTANCE IN ENTERING OR...

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GOODTEMPS STAFFING SOLUTIONS GOODTEMPS OFFERS LOCAL JOB SEEKERS INCLUDING PERSONS WITH DISABILITIES, DISPLACED WORKERS, EX-OFFENDERS, AND PEOPLE WITH OTHER DISADVANTAGES ASSISTANCE IN ENTERING OR RE-ENTERING THE JOB MARKET. WORKING COLLABORATIVELY WITH GOODWILL JOB-READINESS PROGRAMS AND COMMUNITY PARTNERS, GOODTEMPS USES ITS EXTENSIVE NETWORK OF LOCAL EMPLOYERS TO PLACE INDIVIDUALS IN A WIDE VARIETY OF OCCUPATIONS, IN BOTH TEMPORARY OR PERMANENT POSITIONS. WORKERS RECEIVE WEEKLY PAYCHECKS WHILE GAINING VALUABLE WORK EXPERIENCE AND EMPLOYER CONNECTIONS. TEMPORARY ASSIGNMENTS OFTEN LEAD TO PERMANENT HIRE. THERE ARE NO START-UP OR PLACEMENT AGENCY SERVICE FEES FOR WORKERS. FINANCIAL LITERACY TRAINING, TAX PREPARATION SERVICES, COMMUNITY RESOURCE ASSISTANCE/REFERRALS, AND OTHER SUPPORTS ARE AVAILABLE TO WORKERS. IN 2024, GOODTEMPS PLACED 410 PEOPLE INTO TEMPORARY OR DIRECT EMPLOYMENT, WITH AN AVERAGE HOURLY PAY RATE OF $19.35 FOR ITS WORKERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,915,609
Investment Income $0
Other Revenue $49,052
TOTAL REVENUE $3,964,661

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,548,678
Fundraising Expenses $0
Program Expenses $3,770,433
Other Expenses $1,221,755
TOTAL EXPENSES $3,770,433

Year-over-Year Comparison

2024 2023 Change
Revenue $3,964,661 $6,860,188 -0.4%
Expenses $3,770,433 $7,821,271 -0.5%
Net Income $194,228 $-961,083 -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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Governance

Voting Members
5
Independent Members
4
Employees
327
Volunteers
5

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
5
$234,463
Total Directors
5
$234,463
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNETTE HOYER PRESIDENT/CEO 15.00
Officer Director
$0 $39,015 $234,463
DIANA OSBORN CHAIR 0.50
Officer Director
$0 $0 $0
ALAN STEINMAN FIRST VICE CHAIR 0.50
Officer Director
$0 $0 $0
JANELLE MAIR SECRETARY 0.50
Officer Director
$0 $0 $0
BRUCE SPOELMAN TREASURER 0.50
Officer Director
$0 $0 $0
RICK SNELLENBERGER CFO 1.00
Highest
$0 $41,535 $169,669
KRISTIN GARRIS CWO 1.00
Highest
$0 $13,250 $148,912
NICHOLAS CARLSON SUSTAINABILITY DIRECTOR 1.00
Highest
$0 $39,546 $152,689
RYAN RISLEY OPERATIONS DIRECTOR 1.00
Highest
$0 $10,676 $120,195
STEVEN JACKSON RETAIL OPERATIONS DIRECTOR 1.00
Highest
$0 $32,751 $140,765
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 $3,964,661 $3,770,433 $878,667 $194,228
2023 $6,860,188 $7,821,271 $694,787 $-961,083
2022 $7,148,167 $6,907,472 $1,722,768 $240,695
2021 $5,593,631 $5,365,027 $1,471,204 $228,604
2020 $3,624,573 $3,563,603 $1,215,648 $60,970
2019 $5,015,973 $4,904,280 $1,190,388 $111,693
2018 $5,133,345 $4,889,634 $1,109,304 $243,711
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