GOODLIFE INNOVATIONS INC (EIN 384048144) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

MICHAEL C STROUSE

Phone

9133419316

Tax Period

2023-01-01 to 2023-12-31

GOODLIFE INNOVATIONS INC, founded in 2017, is a mid-sized nonprofit in the Human Services sector that reported $32.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

GOODLIFE'S MISSION IS TO MAKE A MEANINGFUL DIFFERENCE IN THE EVERYDAY LIVES OF INDIVIDUALS WHO NEED HELP TO LIVE MORE INDEPENDENTLY (INDIVIDUALS WITH INTELLECTUAL OR DEVELOPMENTAL DISABILITIES, BRAIN INJURIES, PHYSICAL OR AGE-RELATED DISABILITIES, ETC.) AND THE DIRECT CARE WORKERS WHO SUPPORT THEM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,847,272

Program Service Revenue $28,925,621

Investment Income $92,348

Other Revenue $1,772,812

TOTAL REVENUE $32,638,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,909,364

Fundraising Expenses $0

Program Expenses $23,335,915

Other Expenses $14,801,185

TOTAL EXPENSES $32,710,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,638,053	$28,871,824	+0.1%
Expenses	$32,710,549	$28,051,483	+0.2%
Net Income	$-72,496	$820,341	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

778

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

$676,280

Total Directors

$525,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL C STROUSE	CEO/PRESIDENT	35.00	Officer Director	$437,973	$40,213	$478,186
PAMELA NEIDERT	DIRECTOR	2.00	Director	$18,000	$0	$18,000
CLAUDIA DOZIER	DIRECTOR	2.00	Director	$29,000	$0	$29,000
EDWARD TRIP FRIZELL	DIRECTOR/CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEPHEN GISH	DIRECTOR/VICE CHAIR/TREASURER	2.00	Officer Director	$0	$0	$0
RODNEY OLSON	DIRECTOR/VICE TREASURER	2.00	Officer Director	$0	$0	$0
ELLEN F SPAKE	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID BECK	DIRECTOR	2.00	Director	$0	$0	$0
NANCY BRADY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN CONNER	DIRECTOR	2.00	Director	$0	$0	$0
FLORENCE DIGENNARO REED	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE GATES	DIRECTOR	2.00	Director	$0	$0	$0
DAVID GINARDI	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN HAMMOND	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HODGE	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE HOLMES	DIRECTOR	2.00	Director	$0	$0	$0
TIM JAMES	DIRECTOR	2.00	Director	$0	$0	$0
SYLVIA LAUTZENHEISER	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE ROLSTON	DIRECTOR	2.00	Director	$0	$0	$0
KAYLIE SCHMUTZ	DIRECTOR	2.00	Director	$0	$0	$0
JAN BOWEN SHELDON	DIRECTOR	2.00	Director	$0	$0	$0
LEWIS WALTON	DIRECTOR	2.00	Director	$0	$0	$0
STEPHAN FLOYD	CFO	35.00	Officer	$164,538	$33,556	$198,094
LAUREN VOHLAND	SENIOR VP	35.00	Highest	$148,846	$33,556	$182,402
DAVID MCDONALD	EMPLOYEE	35.00	Highest	$129,461	$12,060	$141,521
NICOLE KANAMAN	EMPLOYEE	35.00	Highest	$109,916	$12,060	$121,976
ADRIANE MURRAY	EMPLOYEE	35.00	Highest	$104,292	$12,060	$116,352
YOLANDA HARGETT	EMPLOYEE	35.00	Highest	$102,570	$12,060	$114,630

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	$32,638,053	$32,710,549	$15,832,026	$-72,496
2022	$28,871,824	$28,051,483	$15,336,548	$820,341
2021	$24,225,204	$25,097,556	$8,105,495	$-872,352
2020	$22,219,030	$19,569,140	$4,379,174	$2,649,890

GOODLIFE INNOVATIONS INC