GOOD WORKS INC (EIN 232513834) - 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

1988

Legal Domicile

Principal Officer

ROBERT BEGGS

Phone

6103836311

Tax Period

2024-04-01 to 2025-03-31

GOOD WORKS INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 7% surplus.

Mission

TRANSFORMING LIVES BY REPAIRING HOMES FOR LOW INCOME FAMILIES AND SHARING THE HOPE FOUND IN JESUS CHRIST. WE TURN UNHEALTHY, INADEQUATE HOUSES INTO WARM, SAFE AND DRY HOMES AND DESPAIR INTO HOPE. OUR SERVICES ARE PROVIDED TO HOMEOWNERS AT NO COST AND VOLUNTEERS DO MOST OF THE REPAIRS.

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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 $2,070,812

Program Service Revenue $58,207

Investment Income $40,920

Other Revenue $22,819

TOTAL REVENUE $2,192,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $778,337

Fundraising Expenses $132,748

Program Expenses $1,688,745

Other Expenses $1,260,479

TOTAL EXPENSES $2,038,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,192,758	$1,728,024	+0.3%
Expenses	$2,038,816	$1,698,216	+0.2%
Net Income	$153,942	$29,808	+4.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1097

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

$100,291

Total Directors

$100,291

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BOWMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE EVANS	TREASURER	2.00	Officer Director	$0	$0	$0
DEBORAH KEARNEY	SECRETARY	2.00	Officer Director	$0	$0	$0
KATE BERGMANN	DIRECTOR	1.50	Director	$0	$0	$0
JIM CHAMBERS	DIRECTOR	1.50	Director	$0	$0	$0
JIM KREHER	DIRECTOR	1.50	Director	$0	$0	$0
NORA MCEVOY	DIRECTOR	1.50	Director	$0	$0	$0
DIANNE MORETZSOHN	DIRECTOR	1.50	Director	$0	$0	$0
JACKIE SWEENEY	DIRECTOR	1.50	Director	$0	$0	$0
JIM SCOTT	DIRECTOR	1.50	Director	$0	$0	$0
ANNE-MARIE WALTERS	DIRECTOR	1.50	Director	$0	$0	$0
NORM ALEXANDER	EMERITUS	1.50	Director	$0	$0	$0
ROBERT BEGGS	EXECUTIVE DI	40.00	Officer Director	$96,900	$3,391	$100,291

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	$2,192,758	$2,038,816	$2,177,749	$153,942
2024	$1,728,024	$1,698,216	$1,872,918	$29,808
2023	$1,467,477	$1,522,971	$1,418,720	$-55,494
2022	$1,560,508	$1,424,250	$1,452,200	$136,258
2021	$1,404,040	$1,191,263	$1,308,890	$212,777

GOOD WORKS INC