GOOD NEWS CENTER INC

EIN: 726014125 501(c)(3) Human Services

BELLE CHASSE, LA

Total Revenue
$167,060
Total Expenses
$219,593
Total Assets
$2,029,389
Net Assets
$2,010,915
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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
1949
Legal Domicile
LA
Principal Officer
ERNEST R CUMMINGS
Phone
5042397068
Tax Period
2024-01-01 to 2024-12-31

GOOD NEWS CENTER INC, founded in 1949, is a small nonprofit in the Human Services sector that reported $167K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $220K exceeded revenue, resulting in a 31% operating deficit.

Mission

GOOD NEWS CENTER IS ORGANIZED AS A CHURCH WITH THE PRIMARY PURPOSE OF SPREADING THE GOSPEL

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $68,044
Program Service Revenue $0
Investment Income $1,343
Other Revenue $97,673
TOTAL REVENUE $167,060

Expense Breakdown

Grants Paid $29,048
Salaries & Benefits $28,427
Fundraising Expenses $0
Program Expenses $28,171
Other Expenses $162,118
TOTAL EXPENSES $219,593

Year-over-Year Comparison

2024 2023 Change
Revenue $167,060 $202,994 -0.2%
Expenses $219,593 $221,814 0.0%
Net Income $-52,533 $-18,820 +1.8%
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

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Governance

Voting Members
1
Independent Members
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERNEST R CUMMINGS PRESIDENT 168
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 $167,060 $219,593 $2,029,389 $-52,533
2023 $202,994 $221,814 $2,079,125 $-18,820
2022 $264,510 $188,940 $2,097,694 $75,570
2021 $143,599 $146,169 $2,020,224 $-2,570
2020 $162,389 $151,356 $2,020,545 $11,033
2019 $186,844 $197,839 $2,009,012 $-10,995
2018 $193,524 $182,058 $2,018,257 $11,466
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