GOOD NEWS CHILDRENS CENTER 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

2001

Legal Domicile

Phone

5072851167

Tax Period

2024-01-01 to 2024-12-31

GOOD NEWS CHILDRENS CENTER INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 9% surplus.

Mission

GOOD NEWS CHILDREN'S CENTER PROVIDES QUALITY CHILDCARE TO SOUTHEAST MINNESOTA FAMILIES, IN A SAFE ENVIRONMENT THAT PROMOTES LIFE-LONG LEARNING THROUGH DEVELOPMENTALLY APPROPRIATE AND ACTIVE LEARNING CURRICULUM.

Program Service Accomplishments

Program 1

Expenses: $1,085,949 Revenue: $1,214,172

GOOD NEWS CHILDREN'S CENTER PROVIDES QUALITY AND AFFORDABLE CHILDCARE TO ALL INCOME LEVEL FAMILIES. WE PROVIDE AGE APPROPRIATE ACTIVE LEARNING AND SCHOOL READINESS EDUCATION FOR INFANT TO CHILDREN...

GOOD NEWS CHILDREN'S CENTER PROVIDES QUALITY AND AFFORDABLE CHILDCARE TO ALL INCOME LEVEL FAMILIES. WE PROVIDE AGE APPROPRIATE ACTIVE LEARNING AND SCHOOL READINESS EDUCATION FOR INFANT TO CHILDREN THROUGH PRE-K. WE ALSO REFER PARENTS TO COMMUNITY INTERVENTION SERVICES THAT PROMOTE LIFE LONG SKILLS IN PHYSICAL, EMOTIONAL AND INTELLECTUAL DEVELOPMENT.

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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 $134,526

Program Service Revenue $1,214,172

Investment Income $4,964

Other Revenue $550

TOTAL REVENUE $1,354,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $943,768

Fundraising Expenses $0

Program Expenses $1,085,949

Other Expenses $284,527

TOTAL EXPENSES $1,228,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,354,212	$997,717	+0.4%
Expenses	$1,228,295	$1,068,591	+0.1%
Net Income	$125,917	$-70,874	-2.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANDERSON	EXECUTIVE DIRECTOR	40.00		$70,975	$12,889	$83,864
NATALIE MOHAMMED	CHAIR	4.00	Officer Director	$0	$0	$0
CHRIS COON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MELISSA DICKISON	Director	4.00	Director	$0	$0	$0
LAURA MEINERS	Treasurer	4.00	Officer Director	$0	$0	$0
DANA HERTZFELDT	Director	4.00	Director	$0	$0	$0
HALEY WALTERS	Secretary	4.00	Officer Director	$0	$0	$0
KARL ERICKSON	Director	4.00	Director	$0	$0	$0
BECKY WENDLAND	Director	4.00	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	$1,354,212	$1,228,295	$510,926	$125,917
2023	$997,717	$1,068,591	$300,376	$-70,874
2022	$1,013,294	$1,033,872	$366,706	$-20,578
2021	$969,741	$1,046,471	$381,996	$-76,730
2020	$1,247,288	$1,016,867	$463,403	$230,421
2019	$907,812	$924,649	$206,102	$-16,837
2018	$894,788	$894,201	$220,029	$587