GOOD VOCATIONS INC (EIN 582402364) - 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

JAMES K STIFF

Phone

4784759995

Tax Period

2023-01-01 to 2023-12-31

GOOD VOCATIONS INC, founded in 1998, is a mid-sized nonprofit in the Employment sector that reported $13.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $11.9M left a modest 12% surplus.

Mission

TO SERVE INDIVIDUALS WITH DISABILITIES AND OTHER SPECIAL NEEDS BY PROVIDING REHABILITATION SERVICES, TRAINING, EMPLOYMENT, AND CAREER DEVELOPMENT SERVICES.

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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 $15,226

Program Service Revenue $13,419,841

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,435,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,002,816

Fundraising Expenses $0

Program Expenses $9,609,676

Other Expenses $3,848,679

TOTAL EXPENSES $11,851,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,435,067	$11,502,422	+0.2%
Expenses	$11,851,495	$10,218,662	+0.2%
Net Income	$1,583,572	$1,283,760	+0.2%

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

261

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

$770,422

Total Directors

$770,422

Key Employees

$500,564

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES K STIFF VOTING	CEO GOODWILL INDUSTRIES	3.00	Officer Director	$0	$41,073	$770,422
BENNETT YORT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DONALD W BAILEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JONATHAN ALDERMAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ADAM BLACKFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT KLETCKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DEWAYNE CUFFIE	SENIOR VP OPERATIONS	10.00	Key Emp	$0	$35,048	$253,602
CHARLES SMITH	CFO	38.00	Key Emp	$0	$21,273	$246,962
JACK FLOWERS	VP CONTRACTS	1.00	Highest	$0	$0	$208,604
CHRIS FINLEY	SENIOR DIRECTOR OF CONTRACT SERVICES	1.00	Highest	$0	$23,916	$196,600
LAURIE THARPE	VP CONTROLLER	1.00	Highest	$0	$20,104	$189,439

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	$13,435,067	$11,851,495	$15,694,384	$1,583,572
2022	$11,502,422	$10,218,662	$14,214,530	$1,283,760
2021	$11,950,736	$9,633,479	$12,856,222	$2,317,257
2020	$13,926,393	$10,197,020	$11,707,709	$3,729,373
2019	$10,399,761	$9,382,403	$7,928,078	$1,017,358
2018	$9,859,741	$8,463,754	$7,082,255	$1,395,987

GOOD VOCATIONS INC