GOODWORD PARTNERSHIP (EIN 203545214) - 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

Phone

9529208341

Tax Period

2023-01-01 to 2023-12-31

GOODWORD PARTNERSHIP, founded in 2005, is a small nonprofit in the Religion sector that reported $407K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $681K exceeded revenue, resulting in a 67% operating deficit.

Mission

GOODWORD PARTNERSHIP EXISTS TO EQUIP AND STIMULATE THE LOCAL CHURCH AND EVANGELIST WORLDWIDE IN FULFILLING THEIR CALLING OF INVITING PEOPLE OF ALL AGES AND NATIONALITIES TO A RELATIONSHIP WITH JESUS CHRIST THROUGH PUBLIC PROCLAMATION OF THE GOSPEL.

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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 $400,626

Program Service Revenue $0

Investment Income $6,846

Other Revenue $0

TOTAL REVENUE $407,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,789

Fundraising Expenses $0

Program Expenses $620,794

Other Expenses $513,120

TOTAL EXPENSES $680,909

Year-over-Year Comparison

	2023	2022	Change
Revenue	$407,472	$1,227,936	-0.7%
Expenses	$680,909	$851,717	-0.2%
Net Income	$-273,437	$376,219	-1.7%

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

$163,500

Total Directors

$163,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV BLAIR T CARLSON	FOUNDER & DIREC	40.00	Officer Director	$85,500	$24,000	$109,500
ROYSTON KRUSE	Secretary	40.00	Officer Director	$54,000	$0	$54,000
DANIEL FINE	Treasurer	1.00	Officer Director	$0	$0	$0
LARRY BACKLUND	Board Member	1.00	Officer Director	$0	$0	$0
TODD JOHNSON	Board Member	1.00	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
2024	No data	No data	No data	No data
2023	$407,472	$680,909	$407,547	$-273,437
2022	$1,227,936	$851,717	$680,801	$376,219
2021	$315,476	$270,711	$304,682	$44,765
2020	$330,943	$258,154	$286,158	$72,789

GOODWORD PARTNERSHIP