GOOD NEWS CHILDRENS CENTER INC

EIN: 412001068 501(c)(3) Human Services

ROCHESTER, MN

Total Revenue
$1,354,212
Total Expenses
$1,228,295
Total Assets
$510,926
Net Assets
$360,849
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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
MN
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.

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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%)

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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

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Governance

Voting Members
8
Independent Members
8
Employees
39
Volunteers
1

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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