GOODWILL SERVICE CONNECTION INC (EIN 680436742) - 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

1999

Legal Domicile

Principal Officer

DENISE OST

Phone

2094662311

Tax Period

2022-01-01 to 2022-12-31

GOODWILL SERVICE CONNECTION INC, founded in 1999, is a micro nonprofit that reported $942 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $793K exceeded revenue, resulting in a 84057% operating deficit.

Mission

GOODWILL SERVICE CONNECTION CEASED OPERATIONS IN 2021 AND DISTRIBUTED ITS ASSETS IN 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $138

Other Revenue $804

TOTAL REVENUE $942

Expense Breakdown

Grants Paid $727,767

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $727,767

Other Expenses $64,992

TOTAL EXPENSES $792,759

Year-over-Year Comparison

	2022	2021	Change
Revenue	$942	$2,463,026	-1.0%
Expenses	$792,759	$2,557,974	-0.7%
Net Income	$-791,817	$-94,948	+7.3%

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

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

$409,999

Total Directors

$303,402

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE OST	PRESIDENT & CEO	1.00	Officer Director	$0	$40,732	$303,402
JAMES GORMAN	CHAIR	2.00	Officer Director	$0	$0	$0
MARTI DENK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANNA LOVECCHIO	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
KAREN ANDERSEN	BOARD MEMBER	2.00	Director	$0	$0	$0
DALE BENNER	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELE KICKHOFEL	FINANCE DIRECTOR	1.00	Officer	$0	$17,627	$106,597
SANDRA MEZA	VICE PRESIDENT	1.00	Highest	$0	$12,598	$121,926

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
2022	$942	$792,759	No data	$-791,817
2021	$2,463,026	$2,557,974	$1,055,436	$-94,948
2020	$2,455,950	$2,340,529	$1,059,223	$115,421
2019	$2,389,271	$2,389,200	$1,027,465	$71
2018	$2,310,660	$2,574,514	$1,030,948	$-263,854

GOODWILL SERVICE CONNECTION INC