FOUNDATION FOR GOOD BUSINESS

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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

1989

Legal Domicile

Principal Officer

RUFUS L EDMISTEN

Phone

9198291988

Tax Period

2025-01-01 to 2025-12-31

FOUNDATION FOR GOOD BUSINESS, founded in 1989, is a small nonprofit that reported $304K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 51% operating margin.

Mission

THE FOUNDATION FOR GOOD BUSINESS ENSURES THAT CHILDREN GET THE DEVELOPMENT, SUPPORT, AND EDUCATION THEY NEED AS A FOUNDATION FOR INDEPENDENCE AND SUCCESS. THE FOUNDATION MENTORS YOUNG PEOPLE WHO HAVE THE POTENTIAL TO BECOME HIGH ACHIEVERS. THE FOUNDATION SERVES AS AN EDUCATIONAL ADVOCATE TO ASSIST IN SUPPORTING AND DEVELOPING THESE STUDENTS SO THEY WILL SUCCEED IN SCHOOL AND LIFE.

Program Service Accomplishments

Program 1

Expenses: $119,664

FOUNDATION FOR GOOD BUSINESS PROVIDES SCHOLARSHIPS TO DISADVANTAGED YOUTH. THE FOUNDATION MENTORS YOUNG PEOPLE WHO HAVE THE POTENTIAL TO BECOME HIGH ACHIEVERS IN THEIR COMMUNITIES. THE FOUNDATION...

FOUNDATION FOR GOOD BUSINESS PROVIDES SCHOLARSHIPS TO DISADVANTAGED YOUTH. THE FOUNDATION MENTORS YOUNG PEOPLE WHO HAVE THE POTENTIAL TO BECOME HIGH ACHIEVERS IN THEIR COMMUNITIES. THE FOUNDATION SERVES AS AN EDUCATIONAL ADVOCATE TO ASSIST IN SUPPORTING AND DEVELOPING THESE STUDENTS SO THEY WILL SUCCEED IN SCHOOL AND LIFE. IN 2024, FOUNDATION FOR GOOD BUSINESS HELPED 13 STUDENTS ACHIEVE THEIR EDUCATIONAL GOALS THROUGH ASSISTANCE WITH TUITION, BOOKS, AND OTHER EDUCATION RELATED EXPENSES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $218,979

Program Service Revenue $0

Investment Income $73,365

Other Revenue $11,253

TOTAL REVENUE $303,597

Expense Breakdown

Grants Paid $106,090

Salaries & Benefits $0

Fundraising Expenses $5,974

Program Expenses $119,664

Other Expenses $42,112

TOTAL EXPENSES $148,202

Year-over-Year Comparison

	2025	2024	Change
Revenue	$303,597	$246,651	+0.2%
Expenses	$148,202	$142,670	+0.0%
Net Income	$155,395	$103,981	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEARTA ALCHACAR	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH BERGMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA J BRITT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANI BYLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
RUFUS L EDMISTEN	CHAIRMAN FOU	3.00	Officer Director	$0	$0	$0
MELISSA ESSICK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA SMITH FELTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERICA GALLION	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE GILLOOLY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT L JONES	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CASEY EATMAN LOVAS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL MATTLINGLY	SECRETARY/TR	3.00	Director	$0	$0	$0
RYAN MCGUIRT	BOARD MEMBER	3.00	Director	$0	$0	$0
JERRY MCLAURIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM METTREY	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD PENNY	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED MILLS SR	BOARD MEMBER	1.00	Director	$0	$0	$0
W W WEBB SR	BOARD MEMBER	1.00	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
2025	$303,597	$148,202	$842,098	$155,395
2024	$246,651	$142,670	$686,703	$103,981
2023	$103,448	$89,078	$582,722	$14,370
2022	$111,295	$90,979	$568,352	$20,316
2021	$114,086	$119,485	$548,036	$-5,399
2020	$91,697	$105,744	$554,075	$-14,047
2019	$98,092	$86,383	$567,482	$11,709
2018	$99,181	$81,295	$555,773	$17,886