Goodwill-Easter Seals Foundation Inc (EIN 471694921) - 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

2014

Legal Domicile

Principal Officer

Michael Wirth-Davis

Phone

6513795904

Tax Period

2024-10-01 to 2025-09-30

Goodwill-Easter Seals Foundation Inc, founded in 2014, is a small nonprofit in the Employment sector that reported $982K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 57% operating deficit.

Mission

To support Goodwill-Easter Seals Minnesota's mission to eliminate barriers to work and independence.

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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 $588,611

Program Service Revenue $0

Investment Income $460,654

Other Revenue $-67,180

TOTAL REVENUE $982,085

Expense Breakdown

Grants Paid $1,074,357

Salaries & Benefits $278,269

Fundraising Expenses $286,914

Program Expenses $1,074,357

Other Expenses $182,509

TOTAL EXPENSES $1,545,654

Year-over-Year Comparison

	2024	2023	Change
Revenue	$982,085	$1,505,149	-0.3%
Expenses	$1,545,654	$2,188,060	-0.3%
Net Income	$-563,569	$-682,911	-0.2%

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

Governance

Voting Members

Independent Members

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

$1,459,530

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren Beecham Henry	Chair	1.00	Officer Director	$0	$0	$0
Sita Morantz	Vice Chair	1.00	Officer Director	$0	$0	$0
John Schonberg	Treasurer & Secretary	1.00	Officer Director	$0	$0	$0
Texas Hemmaplardh MBA CFA	Secretary until 1/31/25	1.00	Officer Director	$0	$0	$0
Kortney Cartwright	Director	1.00	Director	$0	$0	$0
Marcella de la Torre EdD	Director	1.00	Director	$0	$0	$0
Nick Dodd	Director as of 5/7/25	1.00	Director	$0	$0	$0
Mike Finger	Director	1.00	Director	$0	$0	$0
Gina Fox	Director	1.00	Director	$0	$0	$0
Chris Grimm	Director	1.00	Director	$0	$0	$0
Morgan Truscott	Director	1.00	Director	$0	$0	$0
Adam Freeman	Director	1.00	Director	$0	$0	$0
John Bergstrom MBA	Director until 1/31/25	1.00	Director	$0	$0	$0
Michael Wirth-Davis DPA	President and CEO	1.00	Officer	$0	$52,434	$689,336
Jeffery Uecker CPA	Chief Financial Officer	1.00	Officer	$0	$54,165	$399,833
Mary S Jones	Chief Philanthropy Officer	40.00	Officer	$0	$44,061	$370,361

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
2025	$982,085	$1,545,654	$11,869,424	$-563,569
2024	$1,505,149	$2,188,060	$10,930,364	$-682,911
2023	$985,661	$1,636,503	$8,649,359	$-650,842
2022	$1,870,596	$1,626,161	$8,176,648	$244,435
2021	$1,896,858	$1,202,070	$9,232,732	$694,788
2020	$1,134,771	$733,625	$7,256,453	$401,146
2019	$1,029,859	$959,337	$6,674,831	$70,522
2018	$1,157,592	$1,018,587	$6,429,780	$139,005

Goodwill-Easter Seals Foundation Inc