GOOD NEWS PARTNERS

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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

1980

Legal Domicile

Principal Officer

GARY THOMPSON

Phone

7737644998

Tax Period

2023-09-01 to 2024-08-31

GOOD NEWS PARTNERS, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $434K, a strong 21% operating margin.

Mission

HOUSING FOR LOW INCOME FAMILIES AND INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $1,338,397 Revenue: $704,316

OPERATING EXPENSES FOR 64 UNIT HOTEL, 1 CO-OP BUILDING, 2 APARTMENT BUILDINGS AND ONE WOMEN'S SHELTER. SERVING LOW INCOME INDIVIDUALS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $800,283

Program Service Revenue $704,316

Investment Income $573,271

Other Revenue $3,002

TOTAL REVENUE $2,080,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,147

Fundraising Expenses $89,783

Program Expenses $1,338,397

Other Expenses $834,520

TOTAL EXPENSES $1,646,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,080,872	$1,670,331	+0.2%
Expenses	$1,646,667	$1,658,105	0.0%
Net Income	$434,205	$12,226	+34.5%

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

$84,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK STRINGER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEVE GREENHOW	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ARTHUR BUD OGLE	PRESIDENT-EMERITUS	1.00	Officer Director	$0	$0	$0
GARY THOMPSON	TREASURER	8.00	Officer Director	$0	$0	$0
TIMOTHY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JEROME HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE VANCE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$84,000	$0	$84,000

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	No data	No data	No data	No data
2024	$2,231,132	$1,687,119	$4,617,557	$544,013
2024	$2,080,872	$1,646,667	$4,471,767	$434,205
2023	$1,670,331	$1,658,105	$4,993,438	$12,226
2022	$1,721,237	$1,703,164	$4,834,922	$18,073
2021	$1,781,397	$1,531,944	$4,999,957	$249,453
2020	$1,670,598	$1,725,558	$4,772,595	$-54,960
2019	$1,558,043	$1,652,089	$4,995,168	$-94,046
2018	$1,186,269	$1,478,620	$5,352,595	$-292,351
2017	$1,423,377	$1,548,684	$5,984,535	$-125,307