GOOD NEWS OUTREACH INC (EIN 593293598) - 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

1995

Legal Domicile

Principal Officer

Anthony Carro

Phone

8502946042

Tax Period

2024-01-01 to 2024-12-31

GOOD NEWS OUTREACH INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $967K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

SOCIAL SERVICE AGENCY PROVIDING FOR THE MATERIAL EMOTIONAL & SPIRITUAL NEEDS OF INDIVIDUALS AND FAMILIES IN THE NORTH FLORIDA AREA

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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 $574,583

Program Service Revenue $388,580

Investment Income $3,867

Other Revenue $0

TOTAL REVENUE $967,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,599

Fundraising Expenses $51,741

Program Expenses $874,246

Other Expenses $887,585

TOTAL EXPENSES $1,104,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$967,030	$971,298	0.0%
Expenses	$1,104,184	$1,098,422	+0.0%
Net Income	$-137,154	$-127,124	+0.1%

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

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

$75,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA BARNINEAU	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN FORSTOEFEL	PRESIDENT	10.00	Officer Director	$0	$0	$0
JESSICA TRYON	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY CARRO	DIRECTOR	10.00	Officer Director	$0	$0	$0
JOE EARP	DIRECTOR	10.00	Officer Director	$0	$0	$0
MAJOR HARDING	DIRECTOR	2.00	Director	$0	$0	$0
LUCIA FONTELA	DIRECTOR	10.00	Officer Director	$0	$0	$0
CRISNA LOGAN	DIRECTOR	2.00	Director	$0	$0	$0
BOB GARNER	DIRECTOR	2.00	Director	$0	$0	$0
BUD FENNEMA	DIRECTOR	2.00	Director	$0	$0	$0
Jason	White	2.00	Director	$0	$0	$0
Talethia	Edwards	40.00	Key Emp	$75,000	$0	$75,000

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	$967,030	$1,104,184	$2,683,084	$-137,154
2023	$971,298	$1,098,422	$2,598,527	$-127,124
2022	$1,221,328	$1,419,651	$2,771,849	$-198,323
2021	$2,072,191	$1,319,445	$2,939,640	$752,746
2020	$1,485,278	$1,130,257	$2,181,531	$355,021
2019	$792,481	$863,996	$1,919,161	$-71,515
2018	$927,638	$890,795	$2,030,906	$36,843

GOOD NEWS OUTREACH INC