GOODWORKS INC (EIN 522071295) - 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

1998

Legal Domicile

Principal Officer

JODEE DAROCA

Phone

5044562622

Tax Period

2023-01-01 to 2023-12-31

GOODWORKS INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

GOODWORKS PROVIDES TRAINING AND EMPLOYMENT TO PEOPLE WITH DISABILITIES THROUGH (CONT'D ON SCH. O) PARTNERSHIPS WITH THE FEDERAL GOVERNMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,571,513

Program Service Revenue $0

Investment Income $25,245

Other Revenue $1,523

TOTAL REVENUE $5,598,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,560,795

Fundraising Expenses $0

Program Expenses $4,774,767

Other Expenses $1,966,218

TOTAL EXPENSES $5,527,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,598,281	$4,660,072	+0.2%
Expenses	$5,527,013	$4,758,667	+0.2%
Net Income	$71,268	$-98,595	-1.7%

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

123

Volunteers

N/A

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

$592,224

Total Directors

Key Employees

$195,180

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODEE DAROCA	PRESIDENT & CEO	5.00	Officer	$0	$19,155	$389,089
TIMOTHY SALVATO	VP OF RETAIL OPERATIONS	4.00	Highest	$0	$16,257	$238,471
SCOTTIE LEBLANC	VP OF MISSION SERVICES	1.00	Key Emp	$0	$5,236	$195,180
ADRIENNE MOORE	VP & CFO	1.00	Officer	$0	$15,563	$203,135
MICHAEL ZUBROWSKI	VP OF INFRASTRUCTURE	1.00	Highest	$0	$14,313	$182,019
DWIGHT JONES	VP OF COMMUNITY RELATIONS & PUBLIC AFFAIRS	1.00	Highest	$0	$14,569	$150,859
ROBERT JOHN JOHNSON	VP OF HUMAN RESOURCES	4.00	Highest	$0	$4,136	$116,302
STEVE LORIO	CHAIRPERSON - GOODWILL	0.50	Officer Director	$0	$0	$0
RICARDO THOMAS	VICE-CHAIRPERSON - GOODWILL	0.50	Officer Director	$0	$0	$0
MALCOLM MEYER	PAST CHAIRPERSON - GOODWILL	0.50	Officer Director	$0	$0	$0
TONI MOBLEY	TREASURER - GOODWILL	0.50	Officer Director	$0	$0	$0
LANA LOVICK	SECRETARY - GOODWILL	0.50	Officer Director	$0	$0	$0
DALE JENKINS	DIRECTOR	0.50	Director	$0	$0	$0
DR IRVIN W MORGAN JR	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$5,598,281	$5,527,013	$5,908,718	$71,268
2022	$4,660,072	$4,758,667	$5,827,979	$-98,595
2021	$4,604,776	$4,483,094	$5,893,742	$121,682
2020	$4,490,840	$4,305,131	$5,714,382	$185,709
2019	$4,900,523	$4,824,112	$5,768,342	$76,411
2018	$4,834,440	$4,533,681	$5,691,171	$300,759

GOODWORKS INC