LAGRANGE, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GOOD NEWS SHELTER CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $329K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $310K left a modest 6% surplus.
GOOD NEWS HOMES PROVIDES TRANSITIONAL HOUSING FOR FAMILIES WHO CANNOT MAKE ENDS MEET. THEY ARE USUALLY FAMILIES, MOST OFTEN SINGLE WOMEN WITH THEIR CHILDREN, AND THEY ARE STAYING ANYWHERE THEY CAN. THE FACT THAT THEY HAVE NO HOME OF THEIR OWN MEANS THEY HAVE NO STABILITY OR FUTURE FOR THEMSELVES AND THEIR CHILDREN. WHEN GOOD NEWS IS ABLE TO HELP A FAMILY, THE RESULT IS LIFE-CHANGING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $329,213 | $510,258 | -0.4% |
| Expenses | $310,040 | $338,357 | -0.1% |
| Net Income | $19,173 | $171,901 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAREN SALVADALENA | TREASURER | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLOTTE DAWSON | SECRETARY | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK LUCAS | CHAIRMAN | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON DUNLAP | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| DENISE HALL | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| MARY ANN BOWLING | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE SKEENS | EXECUTIVE DIRECTOR | 40.00 |
Director
|
$60,251 | $0 | $60,251 |
| TOM GRACE | VICE CHAIRMAN | 0.00 |
Director
|
$0 | $0 | $0 |
| BOB WIDMAN | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| GARY BRICKEN | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| DAVID STOESS | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $329,213 | $310,040 | $1,927,963 | $19,173 |
| 2022 | $510,258 | $338,357 | $1,912,149 | $171,901 |
| 2021 | $569,973 | $310,431 | $1,740,599 | $259,542 |
| 2020 | $285,898 | $301,714 | $1,508,598 | $-15,816 |
| 2019 | $457,042 | $307,307 | $1,499,266 | $149,735 |
| 2018 | $289,446 | $256,914 | $1,350,303 | $32,532 |
Compare GOOD NEWS SHELTER CORPORATION with other nonprofits in Kentucky and across the country.