THE GOODWILL EXCEL CENTER PUBLIC CHARTER SCHOOL

EIN: 474283739 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$11,757,358
Total Expenses
$11,140,237
Total Assets
$22,086,123
Net Assets
$10,034,798
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DC
Principal Officer
CATHERINE A MELOY
Phone
2026364225
Tax Period
2023-07-01 to 2024-06-30

THE GOODWILL EXCEL CENTER PUBLIC CHARTER SCHOOL, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $11.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $11.1M left a modest 5% surplus.

Mission

THE MISSION OF THE GOODWILL EXCEL CENTER PUBLIC CHARTER SCHOOL (GEC) IS TO TRANSFORM LIVES THROUGH THE ATTAINMENT OF A HIGH SCHOOL DIPLOMA AND INDUSTRY CERTIFICATIONS LEADING TO SUSTAINABLE, LIVING WAGE CAREERS.

Program Service Accomplishments

Program 1
Expenses: $10,386,600

THE GOODWILL EXCEL CENTER (GEC) PROVIDES ADULT LEARNERS IN WASHINGTON, DC, WITH AN OPPORTUNITY TO EARN A HIGH SCHOOL DIPLOMA. GEC IS THE FIRST OF ITS KIND IN THE DISTRICT WHERE STUDENTS EARN THEIR...

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THE GOODWILL EXCEL CENTER (GEC) PROVIDES ADULT LEARNERS IN WASHINGTON, DC, WITH AN OPPORTUNITY TO EARN A HIGH SCHOOL DIPLOMA. GEC IS THE FIRST OF ITS KIND IN THE DISTRICT WHERE STUDENTS EARN THEIR HIGH SCHOOL DIPLOMA AND CAREER CREDENTIALS IN ADDITION TO THE OPPORTUNITY TO EARN COLLEGE CREDIT. GEC FILLS THE GAP BETWEEN TRADITIONAL HIGH SCHOOL PROGRAMS AND GED ADULT EDUCATION PROGRAMS. GEC BUILDS ON A PROVEN MODEL THAT WAS FOUNDED IN INDIANA AND SERVES STUDENTS ACROSS THE COUNTRY IN OVER TEN STATES NATIONALLY. GEC SEEKS TO PROVIDE TRAINING AND ACADEMIC SUPPORT TO STUDENTS WHO HAVE NOT YET EARNED THEIR HIGH SCHOOL DIPLOMA.GEC OPENED IN 2016 AND IN SY 2023-2024 SERVED 441 STUDENTS. AT THE END OF SY 2023-2024, GEC HAD 729 GRADUATES TO DATE. IN ADDITION TO CORE ACADEMIC PROGRAMMING, GEC OFFERS COACHING TO SUPPORT STUDENTS DURING THEIR JOURNEY AND BUILDS STRONG RELATIONSHIPS WITH STUDENTS TO TRULY PROVIDE A HOLISTIC APPROACH. GEC ALSO OPERATES A FULLY LICENSED CHILD DEVELOPMENT CENTER IN THE SCHOOL, WHICH IS OPERATED BY THE YMCA AND PROVIDES STUDENTS WHO HAVE CHILDREN SIX WEEKS OLD TO 3 YEARS OLD THE OPPORTUNITY TO ENROLL THEIR CHILD TOO. GEC ENROLLS STUDENTS MULTIPLE TIMES A YEAR THROUGH ITS 5, 8-WEEK TERMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,756,385
Program Service Revenue $0
Investment Income $973
Other Revenue $0
TOTAL REVENUE $11,757,358

Expense Breakdown

Grants Paid $163,064
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,386,600
Other Expenses $10,977,173
TOTAL EXPENSES $11,140,237

Year-over-Year Comparison

2023 2022 Change
Revenue $11,757,358 $9,914,505 +0.2%
Expenses $11,140,237 $9,669,394 +0.2%
Net Income $617,121 $245,111 +1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
5
Employees
N/A
Volunteers
6

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLEN S HOWARD CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH LINDSEY MPA SECRETARY UNTIL 3/2024 1.00
Officer Director
$0 $0 $0
APRIL YOUNG TREASURER 1.00
Officer Director
$0 $0 $0
ALONSO PERSON DIRECTOR (STUDENT) AS OF 9/2023 1.00
Director
$0 $0 $0
SCOTT BESS INTERIM SECRETARY AS OF 3/2024 1.00
Director
$0 $0 $0
MICHELLE D GILLIARD PHD DIRECTOR 1.00
Director
$0 $0 $0
EVELYN LEE DIRECTOR 1.00
Director
$0 $0 $0
LISA MALLORY PHD DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH MYRIE DIRECTOR (STUDENT) AS OF 9/2023 1.00
Director
$0 $0 $0
CATHERINE A MELOY PRESIDENT PRESIDENT AND CEO (SEE SCH O PAGE 34) 0.00
Officer
$0 $0 $0
JEFFREY ROSTAND CFO (SEE SCH O PAGE 34) 0.00
Officer
$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
2025 No data No data No data No data
2024 $11,757,358 $11,140,237 $22,086,123 $617,121
2023 $9,914,505 $9,669,394 $22,803,259 $245,111
2022 $9,728,636 $8,423,706 $23,539,399 $1,304,930
2021 $7,549,883 $6,271,607 $10,166,976 $1,278,276
2020 $7,558,032 $6,347,003 $8,984,830 $1,211,029
2019 $7,379,372 $5,999,216 $7,577,811 $1,380,156
2018 $7,573,165 $5,091,586 $6,283,197 $2,481,579
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