Goodwill Rescue Mission Inc (EIN 221487207) - 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

1897

Legal Domicile

Phone

2122266214

Tax Period

2023-10-01 to 2024-09-30

Goodwill Rescue Mission Inc, founded in 1897, is a small nonprofit in the Human Services sector that reported $382K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $182K, a strong 48% operating margin.

Mission

Goodwill Rescue Mission (GRM) provides food, shelter and guidance to those men and women in need in the Newark area.

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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 $194,943

Program Service Revenue $0

Investment Income $-4,150

Other Revenue $191,107

TOTAL REVENUE $381,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,529

Fundraising Expenses $0

Program Expenses $200,210

Other Expenses $131,681

TOTAL EXPENSES $200,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,900	$498,225	-0.2%
Expenses	$200,210	$99,946	+1.0%
Net Income	$181,690	$398,279	-0.5%

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

$754,932

Total Directors

$348,178

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Winans	President/CEO	3.0	Officer Director	$0	$15,280	$312,424
Karen Gaines	Chief Financial Officer	5.0	Officer Director	$0	$177	$35,754
Addison Hardy	Director	1.0	Director	$0	$0	$0
Bryan Cho	Director	1.0	Director	$0	$0	$0
Cheryl Mitchell	Chief Program Officer	5.0	Officer	$0	$21,829	$192,011
Laurie-Anne Bentley	Chief Development Officer (part year)	4.0	Officer	$0	$18,487	$214,743

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	$381,900	$200,210	$3,550,180	$181,690
2023	$498,225	$99,946	$3,164,967	$398,279
2022	$722,660	$270,056	$2,831,594	$452,604
2021	$443,135	$331,874	$2,639,863	$111,261
2020	$1,822,624	$1,194,522	$2,817,090	$628,102
2019	$1,475,604	$2,140,602	$2,718,852	$-664,998
2018	$1,817,633	$2,422,721	$2,758,327	$-605,088

Goodwill Rescue Mission Inc