GOODWILL CONTRACT SERVICES INC (EIN 742630331) - 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

1992

Legal Domicile

Principal Officer

SHANNON WITTMER

Phone

2547537337

Tax Period

2023-01-01 to 2023-12-31

GOODWILL CONTRACT SERVICES INC, founded in 1992, is a micro nonprofit that reported $1K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 98039% operating deficit.

Mission

THE MISSION OF GOODWILL CONTRACT SERVICES IS TO ACTIVELY PURSUE THE FULL PARTICIPATION IN SOCIETY OF PEOPLE WITH DISABILITIES AND DISADVANTAGES BY EXPANDING THEIR OPPORTUNITIES AND CAPABILITIES THROUGH ITS EMPLOYMENT AND TRAINING PROGRAMS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,037

TOTAL REVENUE $1,037

Expense Breakdown

Grants Paid $1,017,705

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,017,705

Other Expenses $0

TOTAL EXPENSES $1,017,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,037	$460,392	-1.0%
Expenses	$1,017,705	$466,329	+1.2%
Net Income	$-1,016,668	$-5,937	+170.2%

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

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

$274,680

Total Directors

$274,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WILMOT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL JEANES	DIRECTOR	1.00	Director	$0	$0	$0
STACIE KLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
JIM PEEVEY	DIRECTOR	1.00	Director	$0	$0	$0
KELLY BARR	DIRECTOR	1.00	Director	$0	$0	$0
KIM BARR	TREASURER	1.00	Officer Director	$0	$0	$0
RANDY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ELLYN PERRONE	DIRECTOR	1.00	Director	$0	$0	$0
KIM WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH GABY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT OMO	CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON WITTMER	PRESIDENT & CEO	1.00	Officer Director	$0	$35,177	$274,680
HERMANN PEREIRA	DIRECTOR	1.00	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
2023	$1,037	$1,017,705	No data	$-1,016,668
2022	$460,392	$466,329	$1,043,564	$-5,937
2021	$634,508	$600,184	$1,410,206	$34,324
2020	$689,013	$603,356	$1,065,548	$85,657
2019	$691,234	$676,830	$954,829	$14,404
2018	$686,207	$639,550	$933,143	$46,657

GOODWILL CONTRACT SERVICES INC