Good Foundations Academy (EIN 364664197) - 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

2010

Legal Domicile

Principal Officer

Richard Eccles

Phone

8013932950

Tax Period

2024-07-01 to 2025-06-30

Good Foundations Academy, founded in 2010, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. The organization ran a surplus of $869K, a strong 16% operating margin.

Mission

To provide excellence and fairness in education through a common educational foundation our goal is to provide each student with knowledge, skills, and character through strong parent-teacher-student partnerships.

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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 $5,061,919

Program Service Revenue $81,729

Investment Income $192,071

Other Revenue $0

TOTAL REVENUE $5,335,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,228,597

Fundraising Expenses $0

Program Expenses $4,255,726

Other Expenses $1,238,197

TOTAL EXPENSES $4,466,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,335,719	$4,991,596	+0.1%
Expenses	$4,466,794	$4,137,903	+0.1%
Net Income	$868,925	$853,693	+0.0%

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

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

$149,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jamie Walker	Board Chair	1.00	Officer Director	$0	$0	$0
Heather Baker	Board Member	1.00	Director	$0	$0	$0
Jed Daily	Board Member	1.00	Director	$0	$0	$0
Tom Koehler	Board Member	1.00	Director	$0	$0	$0
Steve Hepburn	Board Member	1.00	Director	$0	$0	$0
Micah Olson	Board Member	1.00	Director	$0	$0	$0
Suann Pledger	Board Member	1.00	Director	$0	$0	$0
Lisa Erwin	Executive Director	40.00	Officer	$130,717	$18,511	$149,228

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	$5,335,719	$4,466,794	$9,808,798	$868,925
2024	$4,991,596	$4,137,903	$9,085,836	$853,693
2023	$4,353,478	$3,614,521	$8,252,148	$738,957
2022	$3,745,719	$3,473,328	$7,644,432	$272,391
2021	$3,921,028	$3,569,222	$7,505,495	$351,806
2020	$3,835,567	$3,796,664	$7,195,132	$38,903
2019	$3,693,540	$3,653,901	$7,306,466	$39,639
2018	$3,619,452	$3,266,038	$7,399,169	$353,414

Good Foundations Academy