GOODWILL IND OF GRAND RAPIDS FOUNDATION (EIN 383008172) - 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

1991

Legal Domicile

Principal Officer

SCOTT DILLARD

Phone

6165324200

Tax Period

2022-01-01 to 2022-12-31

GOODWILL IND OF GRAND RAPIDS FOUNDATION, founded in 1991, is a micro nonprofit that reported $2K in total revenue in fiscal year 2022. Revenue fell 101% from the prior year — a significant decline worth monitoring.

Mission

THE GIGGR FOUNDATION EXISTS TO SOLICIT, COLLECT, RECEIVE AND ADMINISTER FUNDS AND MAKE EXPENDITURES EXCLUSIVELY TO OR FOR GOODWILL INDUSTRIES OF GREATER GRAND RAPIDS, INC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,367

Program Service Revenue $0

Investment Income $-6,985

Other Revenue $0

TOTAL REVENUE $-1,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $14,385

TOTAL EXPENSES $14,385

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-1,618	$251,137	-1.0%
Expenses	$14,385	$19,136	-0.2%
Net Income	$-16,003	$232,001	-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

N/A

Independent Members

N/A

Employees

N/A

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

$346,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT LACKS	SECRETARY/TREASURER THRU 10/4/22	2.00	Officer Director	$0	$0	$0
J SCOTT MACGREGOR	CHAIR THRU 10/4/22	2.00	Officer Director	$0	$0	$0
DAVID DAMS	TRUSTEE THRU 10/4/22	2.00	Director	$0	$0	$0
GARY GOODE	TRUSTEE THRU 10/4/22	2.00	Director	$0	$0	$0
PEACHES MCCAHILL	TRUSTEE THRU 10/4/22	2.00	Director	$0	$0	$0
GINNY SEYFERTH	TRUSTEE THRU 10/4/22	2.00	Director	$0	$0	$0
FLOYD WILSON JR	TRUSTEE THRU 10/4/22	2.00	Director	$0	$0	$0
R SCOTT DILLARD	PRESIDENT & CEO	2.00	Officer	$0	$16,856	$346,725

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
2022	$-1,618	$14,385	No data	$-16,003
2021	$251,137	$19,136	$4,044,806	$232,001
2020	$162,285	$15,373	$3,604,764	$146,912
2019	$2,060	$13,824	$3,199,773	$-11,764
2018	$124,241	$513,985	$2,640,596	$-389,744

GOODWILL IND OF GRAND RAPIDS FOUNDATION