Good Street Learning Center Inc

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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

1967

Legal Domicile

Principal Officer

Jasper Daniels

Phone

2144217504

Tax Period

2024-01-01 to 2024-12-31

Good Street Learning Center Inc, founded in 1967, is a small nonprofit that reported $127K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $316K exceeded revenue, resulting in a 149% operating deficit.

Mission

To provide child care for the community surrounding Good Street Baptist Church

Program Service Accomplishments

Program 1

Expenses: $286,845 Revenue: $97,579

Providing child care for the community served by Good Street Baptist Church. The Center serves approximately 30 children daily, before and after school care.

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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 $29,462

Program Service Revenue $97,578

Investment Income $0

Other Revenue $0

TOTAL REVENUE $127,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,210

Fundraising Expenses $0

Program Expenses $286,845

Other Expenses $129,954

TOTAL EXPENSES $316,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,040	$379,842	-0.7%
Expenses	$316,164	$333,526	-0.1%
Net Income	$-189,124	$46,316	-5.1%

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

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

$41,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jasper Daniels	Chairman	10.00	Officer Director	$0	$0	$0
Betty Perkins	Co-Chairman	10.00	Officer Director	$0	$0	$0
Vickie Bates	Director	4.00	Director	$0	$0	$0
Eddie Douglas	Director	4.00	Director	$0	$0	$0
Eddie L Jenkins	Ex-Officio	4.00	Director	$0	$0	$0
Gwendolyn Sneed	Ex-Officio	40.00	Key Emp Highest	$41,600	$0	$41,600
Le Tasha Hollins	Director	4.00	Director	$0	$0	$0
Debra Parker	Treasurer	4.00	Officer 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
2025	No data	No data	No data	No data
2024	$127,040	$316,164	$142,267	$-189,124
2023	$379,842	$333,526	$329,212	$46,316
2022	$522,678	$344,239	$282,463	$178,439
2021	$343,972	$316,157	$104,024	$27,815
2020	$347,746	$302,142	$76,209	$45,604
2019	$318,225	$297,685	$30,605	$20,540
2018	$273,235	$309,016	$10,065	$-35,781