GOODWIN HOUSE FOUNDATION (EIN 541549749) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

ROBERT A LIEBREICH

Phone

7038241355

Tax Period

2023-10-01 to 2024-09-30

GOODWIN HOUSE FOUNDATION, founded in 1992, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $1.2M, a strong 43% operating margin.

Mission

GOODWIN LIVING FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TYPE I SUPPORTING FOUNDATION OF GOODWIN LIVING INCORPORATED. THE FOUNDATION'S MISSION: THROUGH THE POWER OF PHILANTHROPY, WE SEEK AND CELEBRATE GENEROSITY TO CARRY OUT THE MISSION OF GOODWIN LIVING, TO PROVIDE FINANCIAL SECURITY TO RESIDENTS, TO ENABLE STAFF TO THRIVE IN THEIR CAREERS, AND TO SUPPORT INNOVATION, THUS ENHANCING THE LIVES OF OLDER ADULTS AND THOSE WHO CARE FOR THEM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,777,829

Program Service Revenue $0

Investment Income $1,118,467

Other Revenue $0

TOTAL REVENUE $7,896,296

Expense Breakdown

Grants Paid $1,162,300

Salaries & Benefits $906,438

Fundraising Expenses $429,175

Program Expenses $2,682,466

Other Expenses $1,290,794

TOTAL EXPENSES $3,359,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,896,296	$4,615,779	+0.7%
Expenses	$3,359,532	$3,142,538	+0.1%
Net Income	$4,536,764	$1,473,241	+2.1%

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

244

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

$1,336,211

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN M RENNER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ROBERT C EIFFERT	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KIMBERLY A FISKE ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN H KOMOROSKE	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE J BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID L CRABB	DIRECTOR	1.00	Director	$0	$0	$0
SARA K DECARLO	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HENNESSEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT E LONG CFA	DIRECTOR - UNTIL 08/2024	1.00	Director	$0	$0	$0
MELINDA MERK	DIRECTOR - UNTIL 03/2024	1.00	Director	$0	$0	$0
JUDITH M MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK J RAABE	DIRECTOR - UNTIL 12/2023	1.00	Director	$0	$0	$0
GANT REDMON	DIRECTOR	1.00	Director	$0	$0	$0
ANNE D STEWART	DIRECTOR	1.00	Director	$0	$0	$0
DR ANTHONY J TAMBASCO	DIRECTOR	1.00	Director	$0	$0	$0
JAMES THESSIN	DIRECTOR	1.00	Director	$0	$0	$0
DONNAN C WINTERMUTE	DIRECTOR - UNTIL 12/2023	1.00	Director	$0	$0	$0
FRED PANG	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA A RODGERS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN W SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ALTON S WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE L BURKE	CHIEF PHILANTHROPY OFFICER, GLF ED	2.00	Officer	$0	$26,784	$292,621
ROBERT A LIEBREICH	PRESIDENT AND CEO	1.00	Officer	$0	$51,381	$636,070
TIMOTHY SMITH	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$41,202	$407,520

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	$7,896,296	$3,359,532	$33,094,765	$4,536,764
2023	$4,615,779	$3,142,538	$23,951,509	$1,473,241
2022	$6,653,810	$2,132,119	$20,224,993	$4,521,691
2021	$5,521,365	$1,693,894	$20,888,847	$3,827,471
2020	$2,188,800	$2,016,460	$14,913,473	$172,340
2019	$1,475,457	$1,655,587	$14,008,262	$-180,130
2018	$2,714,901	$1,552,591	$14,043,274	$1,162,310

GOODWIN HOUSE FOUNDATION