GOOD NEWS HOME INC (EIN 222481670) - 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

1983

Legal Domicile

Principal Officer

NATHAN MARTIN

Phone

9088067913

Tax Period

2024-01-01 to 2024-12-31

GOOD NEWS HOME INC, founded in 1983, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE GOOD NEWS HOME IS TO PROVIDE A COMPREHENSIVE LONG AND SHORT-TERM RESIDENTIAL SUBSTANCE ABUSE TREATMENT PROGRAM THAT OFFERS A PROFESSIONAL, NON-DENOMINATIONAL, FAITH-BASED APPROACH, FOCUSING ON HEALING THE TOTAL WOMAN UTILIZING CHRISTIAN 12-STEPS, ADDICTION COUNSELING, LIFE SKILLS AND SPIRITUAL COUNSELING TO OVERCOME DRUG ADDICTION, WITH INTEGRATED TREATMENT AS APPROPRIATE FOR CLIENTS WHO HAVE BEEN DIAGNOSED WITH CO-OCCURRING DISORDERS.

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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 $921,362

Program Service Revenue $318,968

Investment Income $59

Other Revenue $12,906

TOTAL REVENUE $1,253,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $835,964

Fundraising Expenses $83,487

Program Expenses $1,110,745

Other Expenses $428,539

TOTAL EXPENSES $1,264,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,253,295	$1,090,973	+0.1%
Expenses	$1,264,503	$1,111,526	+0.1%
Net Income	$-11,208	$-20,553	-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

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

$117,138

Total Directors

$117,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INGA BROCKINGTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$99,481	$17,657	$117,138
ROSE BAILEY-JOSEPH	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
LUCY MILLS	TRUSTEE	2.00	Director	$0	$0	$0
NATHAN MARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICIA WIRTH-RAU	SECRETARY	2.00	Officer Director	$0	$0	$0
WOODROW K EVANS	TRUSTEE	2.00	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	$1,253,295	$1,264,503	$879,793	$-11,208
2023	$1,090,973	$1,111,526	$893,449	$-20,553
2022	$1,031,247	$1,019,832	$922,904	$11,415
2021	$1,057,328	$974,815	$891,987	$82,513
2020	$819,985	$867,466	$846,228	$-47,481
2019	$840,381	$870,855	$857,409	$-30,474
2018	$828,709	$860,504	$874,158	$-31,795

GOOD NEWS HOME INC