GOOD MARKET INC

EIN: 811498211 501(c)(3) Environment

PHOENIX, AZ

Total Revenue
$567,330
Total Expenses
$295,528
Total Assets
$316,168
Net Assets
$33,895
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
AZ
Principal Officer
DR AMANDA KIESSEL
Phone
6027377355
Tax Period
2022-01-01 to 2022-12-31

GOOD MARKET INC, founded in 2015, is a small nonprofit in the Environment sector that reported $567K in total revenue in fiscal year 2022. Revenue surged 812% from the prior year, signaling strong growth momentum. The organization ran a surplus of $272K, a strong 48% operating margin.

Mission

THE PURPOSE OF GOOD MARKET IS TO CATALYZE THE TRANSITION TO A 21ST CENTURY ECONOMY THAT IS GOOD FOR PEOPLE AND GOOD FOR THE PLANET. GOOD MARKET IS A CURATED PLATFORM FOR SOCIAL ENTERPRISES THAT MEET MINIMUM SECTOR STANDARDS, OPERATE IN A WAY THAT CONSIDERS HEALTH, SOCIAL IMPACT, AND ENVIRONMENTAL RESPONSIBILITY AND PRIORITIZE PEOPLE AND PLANET OVER SHORT-TERM PROFIT MAXIMIZATION. THE ONLINE PLATFORM MAKES IT EASIER FOR PARTICIPANTS IN THE NEW ECONOMY TO FIND AND CONNECT WITH EACH OTHER ACROSS ECONOMIC SECTORS, INCOME LEVEL, LANGUAGE BARRIERS, AND REGIONAL DIVIDES. THE ONLINE PLATFORM SERVES AS AN ENABLING INFRASTRUCTURE TO SUPPORT THIS COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $3,657

COMMUNITY CURATION: IN 2022, 586 SOCIAL ENTERPRISES, RESPONSIBLE BUSINESSES, COOPERATIVES, NONPROFITS, AND VOLUNTARY INITIATIVES BECAME GOOD MARKET APPROVED. AS OF DECEMBER 31, 2022, THERE WERE 2,603...

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COMMUNITY CURATION: IN 2022, 586 SOCIAL ENTERPRISES, RESPONSIBLE BUSINESSES, COOPERATIVES, NONPROFITS, AND VOLUNTARY INITIATIVES BECAME GOOD MARKET APPROVED. AS OF DECEMBER 31, 2022, THERE WERE 2,603 ENTERPRISES ACROSS 91 COUNTRIES ON THE GOOD MARKET PLATFORM, THE ONLINE FORM WAS AVAILABLE IN 7 LANGUAGES, AND THOUSANDS OF LISTINGS WERE ADDED TO THE COMMUNITY MARKETPLACE. THE PLATFORM INCLUDED ENTERPRISES ACROSS ALL SECTORS, BUT THE MOST POPULAR WERE REGENERATIVE AGRICULTURE, NATURAL FOOD AND BODY CARE, FAIR TRADE CLOTHING AND HOUSEWARES, AND RESPONSIBLE TRAVEL. EACH ENTERPRISE HAS A DIFFERENT SOCIAL OR ENVIRONMENTAL PURPOSE.

Program 2
Expenses: $283,275 Revenue: $4,764

ENABLING INFRASTRUCTURE: DURING 2022, THE SOFTWARE TEAM LAUNCHED THE MARKETPLACE COMMONS, NETWORK MANAGEMENT AND CURATION AS A SERVICE. THE TEAM ALSO COMPLETED THE REBUILD TO GIVE PLATFORMS...

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ENABLING INFRASTRUCTURE: DURING 2022, THE SOFTWARE TEAM LAUNCHED THE MARKETPLACE COMMONS, NETWORK MANAGEMENT AND CURATION AS A SERVICE. THE TEAM ALSO COMPLETED THE REBUILD TO GIVE PLATFORMS PROGRESSIVE WEB APP (PWA) FUNCTIONALITY. THE FOCUS OF THESE DEVELOPMENTS IS TO STRENGTHEN NETWORKS IN VARIOUS LOCATIONS BY PROVIDING TOOLS TO ENHANCE THE VISIBILITY OF THE MEMBERS WITHIN THE NETWORKS AND TO MAKE IT EASIER TO EXCHANGE AND COLLABORATE BETWEEN NETWORKS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $560,190
Program Service Revenue $4,764
Investment Income $2,376
Other Revenue $0
TOTAL REVENUE $567,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,989
Program Expenses $286,932
Other Expenses $295,528
TOTAL EXPENSES $295,528

Year-over-Year Comparison

2022 2021 Change
Revenue $567,330 $62,225 +8.1%
Expenses $295,528 $60,324 +3.9%
Net Income $271,802 $1,901 +142.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN BRENT FRANCONE FINANCE DIRE 50.00
Officer Director
$0 $0 $0
DR AMANDA KIESSEL EXECUTIVE DI 50.00
Officer Director
$0 $0 $0
KURT MAES SECRETARY 1.00
Officer Director
$0 $0 $0
BERGEN JEREMY MOORE DIRECTOR 2.00
Director
$0 $0 $0
SUZANNE LA PIERRE DIRECTOR 1.00
Director
$0 $0 $0
ACHALA SAMARADIVAKARA DIRECTOR 5.00
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
2022 $567,330 $295,528 $316,168 $271,802
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