Goodwill Contracting Services co Goodwill of Olympic & Rainier Region (EIN 260017283) - 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

2002

Legal Domicile

Principal Officer

Jim Hines

Phone

2535736500

Tax Period

2022-10-01 to 2023-09-30

Goodwill Contracting Services co Goodwill of Olympic & Rainier Region, founded in 2002, is a micro nonprofit that reported $28K in total revenue in fiscal year 2022. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 167% operating deficit.

Mission

Goodwill Contracting Services seeks to provide jobs and job advancement for individuals with disabilities to facilitate their participation in society.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $28,178

Other Revenue $0

TOTAL REVENUE $28,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,566

Other Expenses $75,096

TOTAL EXPENSES $75,096

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,178	$632,934	-1.0%
Expenses	$75,096	$983,134	-0.9%
Net Income	$-46,918	$-350,200	-0.9%

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

$7,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lori Forte Harnick	CEO	0.50	Officer	$3,459	$386	$3,845
Anne Porter	CFO	0.75	Officer	$3,365	$135	$3,500
Jim Hines	President/Chair	0.25	Officer Director	$0	$0	$0
Ken Lamb	Secretary/Treas	0.25	Officer 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
2023	$28,178	$75,096	$1,153,950	$-46,918
2022	$632,934	$983,134	$1,204,706	$-350,200
2021	$1,340,183	$1,090,800	$1,652,683	$249,383
2020	$1,357,233	$1,066,052	$1,455,853	$291,181

Goodwill Contracting Services co Goodwill of Olympic & Rainier Region