OLD NEWSBOYS GOODFELLOW ASSOCIATION

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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

1929

Legal Domicile

Principal Officer

DAVID MANLEY

Phone

4195377667

Tax Period

2024-06-01 to 2025-05-31

OLD NEWSBOYS GOODFELLOW ASSOCIATION, founded in 1929, is a small nonprofit in the Human Services sector that reported $280K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $2.3M represent 99 months of operating reserves.

Mission

THE OLD NEWSBOYS GOODFELLOW ASSOCIATION PROVIDES AID AND RELIEF TO THE FINANCIALLY DISADVANTAGED IN THE TOLEDO, OHIO AREA COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $164,804 Revenue: $0

WINTERS IN TOLEDO CAN BE UNFORGIVING, ESPECIALLY FOR CHILDREN WITHOUT PROPER CLOTHING. THROUGH A COMMUNITY-DRIVEN VOUCHER PROGRAM, THE OLD NEWSBOYS GOODFELLOW ASSOCIATION PROVIDES COATS, SHOES...

WINTERS IN TOLEDO CAN BE UNFORGIVING, ESPECIALLY FOR CHILDREN WITHOUT PROPER CLOTHING. THROUGH A COMMUNITY-DRIVEN VOUCHER PROGRAM, THE OLD NEWSBOYS GOODFELLOW ASSOCIATION PROVIDES COATS, SHOES, BOOTS, GLOVES, AND HATS TO CHILDREN IN FINANCIAL DISTRESS. THIS PROGRAM ENSURES THAT NO CHILD MISSES SCHOOL DUE TO THE ELEMENTS, RESTORING BOTH WARMTH AND DIGNITY. VOLUNTEERS WORK SWIFTLY TO MEET URGENT NEEDS, EMBODYING THE ORGANIZATION'S CREED: "ASSISTANCE WITHOUT DELAY."

Program 2

Expenses: $22,346 Revenue: $0

EDUCATION BEGINS WITH READINESS. THE ASSOCIATION SUPPORTS LOCAL CHARITABLE ORGANIZATIONS THAT PROVIDE SCHOOL SUPPLIES TO CHILDREN WHO MIGHT OTHERWISE GO WITHOUT. THESE DONATIONS EQUIP STUDENTS WITH THE TOOLS TO LEARN, GROW, AND PARTICIPATE FULLY IN THEIR EDUCATION. IT'S A QUIET BUT POWERFUL WAY TO SAY: "YOU BELONG HERE." THIS PROGRAM REFLECTS THE BELIEF THAT PREPAREDNESS FOSTERS CONFIDENCE, AND EVERY CHILD DESERVES A FAIR START.

Program 3

Expenses: $50,000 Revenue: $0

THE OLD NEWSBOYS INVEST IN THE FUTURE BY CONTRIBUTING TO SCHOLARSHIP FUNDS FOR HIGH SCHOOL SENIORS WHO DEMONSTRATE RESILIENCE, PROMISE, AND COMMUNITY SPIRIT. THESE SCHOLARSHIPS OPEN DOORS TO HIGHER EDUCATION AND AFFIRM THAT HOPE AND OPPORTUNITY ARE NOT RESERVED FOR THE PRIVILEGED. EACH AWARD IS A TRIBUTE TO THE ENDURING LEGACY OF THE NEWSBOYS A LEGACY THAT SAYS: "WE SEE YOU. WE BELIEVE IN YOU."

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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 $173,548

Program Service Revenue $0

Investment Income $130,644

Other Revenue $-24,130

TOTAL REVENUE $280,062

Expense Breakdown

Grants Paid $237,394

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,150

Other Expenses $40,992

TOTAL EXPENSES $278,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,062	$366,046	-0.2%
Expenses	$278,386	$228,737	+0.2%
Net Income	$1,676	$137,309	-1.0%

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

250

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MANLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUE RODGERS	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH QUILTER	2ND VICE PRESIDENT & CHAPLAIN	1.00	Officer Director	$0	$0	$0
DIANA JONES-MANLEY	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM POOL	4TH VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF OGG	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL BRADY	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HENDRICKS	SERGEANT AT ARMS	1.00	Officer Director	$0	$0	$0
STAN CZERMINSKI	HISTORIAN	1.00	Officer Director	$0	$0	$0
SARAH RAMIREZ	PAST PRESIDENT	1.00	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
2025	$280,062	$278,386	$2,300,393	$1,676
2024	$366,046	$228,737	$2,216,609	$137,309
2023	$284,175	$258,746	$1,834,402	$25,429
2022	$245,263	$248,522	$1,834,153	$-3,259
2021	$208,171	$197,906	$1,930,796	$10,265
2020	$231,134	$264,349	$1,652,989	$-33,215
2019	$252,348	$277,495	$1,672,473	$-25,147