GOOD WILL FARM ASSOCIATION INC (EIN 381368336) - 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

1901

Legal Domicile

Principal Officer

BRAHM SEMLER-SMITH

Phone

9064820520

Tax Period

2023-01-01 to 2023-12-31

GOOD WILL FARM ASSOCIATION INC, founded in 1901, is a community nonprofit in the Youth Development sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $7.2M represent 40 months of operating reserves.

Mission

TO SUPPORT YOUTH AND FAMILIES THROUGHOUT THE UPPER PENNINSULA OF MICHIGAN BY CREATING NEW LIFE CYCLES AND PATTERNS THAT INCLUDE HOPE, OPPORTUNITY, SUCCESS, HEALTH AND HAPPINESS THROUGH VARIOUS PROGRAMS.

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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 $1,773,177

Program Service Revenue $119,200

Investment Income $206,018

Other Revenue $50,239

TOTAL REVENUE $2,148,634

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $1,672,055

Fundraising Expenses $0

Program Expenses $1,963,798

Other Expenses $653,960

TOTAL EXPENSES $2,327,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,148,634	$2,334,338	-0.1%
Expenses	$2,327,015	$2,043,586	+0.1%
Net Income	$-178,381	$290,752	-1.6%

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

293

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

$113,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CODERE	EXECUTIVE DI	40.00	Officer	$82,302	$30,945	$113,247
BRAHM SEMLER-SMITH	PRESIDENT	0.50	Officer Director	$0	$0	$0
FRED GAFF	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
JENA HALE	TREASURER	0.50	Officer Director	$0	$0	$0
BRIAN DONNELLY	TRUSTEE	0.25	Director	$0	$0	$0
BARRY FINK	TRUSTEE	0.25	Director	$0	$0	$0
SANDRA FREEMAN	TRUSTEE	0.25	Director	$0	$0	$0
TED GAST	TRUSTEE	0.25	Director	$0	$0	$0
TRICIA KIRKISH	TRUSTEE	0.25	Director	$0	$0	$0
ANGELA VAN TASSEL	TRUSTEE	0.25	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
2024	No data	No data	No data	No data
2023	$2,148,634	$2,327,015	$7,503,659	$-178,381
2022	$2,334,338	$2,043,586	$7,436,861	$290,752
2021	$2,002,394	$1,832,035	$7,890,594	$170,359
2020	$2,098,267	$1,658,086	$6,847,900	$440,181

GOOD WILL FARM ASSOCIATION INC