GOOD FRIENDS INC

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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

1985

Legal Domicile

Principal Officer

CATHY HEMBREE

Phone

7247338336

Tax Period

2023-01-01 to 2023-12-31

GOOD FRIENDS INC, founded in 1985, is a small nonprofit in the Youth Development sector that reported $886K in total revenue in fiscal year 2023.

Mission

SPREADING THE GOSPEL OF JESUS CHRIST, TO MAKE DISCIPLES OF ALL NATIONS, TO REACH EVERY PERSON IN ALL WALKS OF FAITH

Program Service Accomplishments

Program 1

Expenses: $662,387 Revenue: $885,586

TEACHING THE WORD OF GOD THROUGH TV MINISTRY OUTREACH, SPREADING THE GOSPEL OF JESUS CHRIST AND THE BIBLE. SHARING THE GOOD NEWS WITH PUBLICATIONS AND REPRODUCTION MATERIAL OF THE WORD OF GOD...

TEACHING THE WORD OF GOD THROUGH TV MINISTRY OUTREACH, SPREADING THE GOSPEL OF JESUS CHRIST AND THE BIBLE. SHARING THE GOOD NEWS WITH PUBLICATIONS AND REPRODUCTION MATERIAL OF THE WORD OF GOD, INCLUDING BIBLE STUDY AND SCRIPTURE READINGS.

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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 $885,586

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $885,586

Expense Breakdown

Grants Paid $101,617

Salaries & Benefits $135,784

Fundraising Expenses $0

Program Expenses $662,387

Other Expenses $642,337

TOTAL EXPENSES $879,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$885,586	$857,995	+0.0%
Expenses	$879,738	$927,787	-0.1%
Net Income	$5,848	$-69,792	-1.1%

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

$22,176

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BATEMAN	BOARD DIRECTOR/MEMBER	2.00	Director	$0	$0	$0
WALT RATTRAY	8435 N 39TH AVE	2.00	Director	$0	$0	$0
PETE GIACALONE	BOARD DIRECTOR/MEMBER	2.00	Director	$0	$0	$0
EUGENE HEISKELL	VICE-PRESIDENT	2.00	Officer	$0	$0	$0
CATHY HEMBREE	CFO	10.00	Officer	$22,176	$0	$22,176
CHARLES ROD HEMBREE	COO	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$885,586	$879,738	$27,858	$5,848
2022	$857,995	$927,787	$22,010	$-69,792
2021	$907,082	$881,334	$91,802	$25,748
2020	$827,961	$812,768	$66,054	$15,193
2019	$1,053,260	$1,033,224	$50,861	$20,036
2018	$752,406	$738,149	$30,825	$14,257