GOOD WORKS INC (EIN 311119704) - 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

1984

Legal Domicile

Phone

7405943339

Tax Period

2024-01-01 to 2024-12-31

GOOD WORKS INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $264K, a strong 26% operating margin.

Mission

GOOD WORKS, INC EXISTS TO CONNECT PEOPLE FROM ALL WALKS OF LIFE WITH PEOPLE IN POVERTY SO THAT THE KINGDOM OF GOD CAN BE EXPERIENCED AT A COST COMMENSURATE WITH STATED PRIORITIES.

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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 $932,585

Program Service Revenue $0

Investment Income $99,716

Other Revenue $-972

TOTAL REVENUE $1,031,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $565,024

Fundraising Expenses $48,181

Program Expenses $551,642

Other Expenses $202,512

TOTAL EXPENSES $767,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,031,329	$1,296,303	-0.2%
Expenses	$767,536	$708,706	+0.1%
Net Income	$263,793	$587,597	-0.6%

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

$94,776

Total Directors

$94,776

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH WASSERMAN	EXECUTIVE DIRECTOR	65.00	Officer Director	$94,776	$0	$94,776
HYLIE VOSS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
NICK SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
BLUE SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLLE MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG ORR	TREASURER	1.00	Officer	$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	$1,031,329	$767,536	$3,346,421	$263,793
2023	$1,296,303	$708,706	$3,068,734	$587,597
2022	$843,253	$618,530	$2,478,348	$224,723
2021	$1,321,166	$604,524	$2,251,173	$716,642
2020	$889,267	$599,227	$1,744,012	$290,040
2019	$718,514	$688,767	$1,371,138	$29,747
2018	$788,441	$743,159	$1,208,711	$45,282

GOOD WORKS INC