FOUNDATION FOR GOOD BUSINESS (EIN 561647986) - 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

1989

Legal Domicile

Principal Officer

RUFUS L EDMISTEN

Phone

9198291988

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR GOOD BUSINESS, founded in 1989, is a small nonprofit that reported $247K in total revenue in fiscal year 2024. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $104K, a strong 42% 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.

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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 $172,011

Program Service Revenue $0

Investment Income $26,686

Other Revenue $47,954

TOTAL REVENUE $246,651

Expense Breakdown

Grants Paid $105,923

Salaries & Benefits $0

Fundraising Expenses $11,302

Program Expenses $113,393

Other Expenses $36,747

TOTAL EXPENSES $142,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,651	$103,448	+1.4%
Expenses	$142,670	$89,078	+0.6%
Net Income	$103,981	$14,370	+6.2%

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

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL MATTLINGLY	EXEC ASST/TR	3.00	Director	$12,000	$0	$12,000
TARA J BRITT	EXECUTIVE VP	1.00	Officer Director	$0	$0	$0
TIFFANI BYLOW	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
RUFUS L EDMISTEN	CHAIRMAN FOU	1.00	Officer Director	$0	$0	$0
MELISSA ESSICK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA SMITH FELTS	VICE PRESIDE	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	PRESIDENT	1.00	Officer Director	$0	$0	$0
CASEY EATMAN LOVAS	BOARD MEMBER	1.00	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
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
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

FOUNDATION FOR GOOD BUSINESS