J F GOODWIN CHARITABLE TRUST CO

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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

1938

Legal Domicile

Phone

3043487271

Tax Period

2024-01-01 to 2024-12-31

J F GOODWIN CHARITABLE TRUST CO, founded in 1938, is a micro nonprofit that reported $13K in total revenue in fiscal year 2024. Expenses of $88K exceeded revenue, resulting in a 595% operating deficit.

Mission

PRODUCTION OF INCOME FOR DISTRIBUTION TO BREAM MEMORIAL CHURCH, CHILDREN'S HOME SOCIETY, SALVATION ARMY AND UNION MISSION.

Program Service Accomplishments

Program 1

Expenses: $85,565

PRODUCED INCOME FOR DISTRIBUTION TO BREAM MEMORIAL CHURCH, CHILDREN'S HOME SOCIETY, SALVATION ARMY & UNION MISSION.

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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 $0

Program Service Revenue $0

Investment Income $12,617

Other Revenue $0

TOTAL REVENUE $12,617

Expense Breakdown

Grants Paid $85,104

Salaries & Benefits $921

Fundraising Expenses $0

Program Expenses $85,565

Other Expenses $1,713

TOTAL EXPENSES $87,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,617	$-1,069	-12.8%
Expenses	$87,738	$3,686	+22.8%
Net Income	$-75,121	$-4,755	+14.8%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRUIST BANK	TRUSTEE	1.0		$921	$0	$921

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	$12,617	$87,738	$10,234	$-75,121
2023	$-1,069	$3,686	$85,362	$-4,755
2022	$-1,190	$2,922	$90,055	$-4,112
2021	$8,541	$3,110	$94,211	$5,431