GOOD OLE BOY FOUNDATION INC

EIN: 461526864 501(c)(3) Human Services

MILLSBORO, DE

Total Revenue
$171,282
Total Expenses
$169,395
Total Assets
$118,873
Net Assets
$118,873
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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
2012
Legal Domicile
DE
Phone
3022457893
Tax Period
2024-01-01 to 2024-12-31

GOOD OLE BOY FOUNDATION INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $171K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE ASSISTANCE, BOTH FINANCIAL AND NON-FINANCIAL, TO MEMBERS OF THE COMMUNITY DURING THEIR TIME OF NEED.

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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 $171,282
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $171,282

Expense Breakdown

Grants Paid $16,685
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $169,395
Other Expenses $152,710
TOTAL EXPENSES $169,395

Year-over-Year Comparison

2024 2023 Change
Revenue $171,282 $252,490 -0.3%
Expenses $169,395 $261,524 -0.4%
Net Income $1,887 $-9,034 -1.2%
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
4
Independent Members
4
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA S WHARTON DIRECTOR 15.00
Director
$0 $0 $0
DANIEL PREMO DIRECTOR 15.00
Director
$0 $0 $0
KENNETH CONAWAY DIRECTOR 15.00
Director
$0 $0 $0
AARON MORRIS DIRECTOR 15.00
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 $171,282 $169,395 $118,873 $1,887
2023 $252,490 $261,524 $132,416 $-9,034
2022 $290,927 $257,316 $141,450 $33,611
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