Goodwill Arkansas Education Initia… - Form 990 Financial Data

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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

2016

Legal Domicile

Phone

5013725100

Tax Period

2024-07-01 to 2025-06-30

Goodwill Arkansas Education Initiatives Inc, founded in 2016, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE EXCEL CENTER IS TO PROVIDE ADULTS THE OPPORTUNITY TO EARN A HIGH SCHOOL DIPLOMA AND BEGIN POST-SECONDARY EDUCATION WHILE DEVELOPING CAREER PATHS IN SECTORS OF THE LOCAL ECONOMY THAT OFFER BETTER-THAN-AVERAGE EMPLOYMENT AND GROWTH OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $3,926,221 Revenue: $0

THE EXCEL CENTER DISTRICT ENDED THE SCHOOL YEAR WITH 275 STUDENTS RANGING IN AGE FROM 19 TO 71, WITH A MEDIAN AGE OF 34. STUDENT ENROLLMENT WAS 80 PERCENT FEMALE AND 20 PERCENT MALE. UNDUPLICATED...

THE EXCEL CENTER DISTRICT ENDED THE SCHOOL YEAR WITH 275 STUDENTS RANGING IN AGE FROM 19 TO 71, WITH A MEDIAN AGE OF 34. STUDENT ENROLLMENT WAS 80 PERCENT FEMALE AND 20 PERCENT MALE. UNDUPLICATED ENROLLMENT FOR THE 2024-2025 SCHOOL YEAR WAS 676 STUDENTS, AN INCREASE OF 133 STUDENTS OVER THE PRIOR SCHOOL YEAR. AVERAGE STUDENT ENROLLMENT WAS 349 AT THE START OF THE TERM AND 299 AT THE END OF THE TERM. THE EXCEL CENTER COMPLETED THE YEAR WITH AN AVERAGE RETENTION RATE OF 85%. DURING THE 2024-2025 SCHOOL YEAR, STUDENTS EARNED A TOTAL OF 2437 CREDITS, AND 117 GRADUATED.

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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 $4,407,720

Program Service Revenue $0

Investment Income $0

Other Revenue $261

TOTAL REVENUE $4,407,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,927,829

Fundraising Expenses $0

Program Expenses $3,926,221

Other Expenses $2,523,871

TOTAL EXPENSES $4,451,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,407,981	$3,968,315	+0.1%
Expenses	$4,451,700	$3,893,263	+0.1%
Net Income	$-43,719	$75,052	-1.6%

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

$1,081,508

Total Directors

$568,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN F MARSH	PRESIDENT AND CEO	1.0	Officer Director	$0	$42,273	$568,307
MIGUEL LOPEZ	CHAIRMAN	1.0	Officer Director	$0	$0	$0
CHRIS AMSLER	DIRECTOR	1.0	Director	$0	$0	$0
JONATHAN CROSSLEY	DIRECTOR	1.0	Director	$0	$0	$0
PHILLIP BALDWIN	DIRECTOR	1.0	Director	$0	$0	$0
SAJNI KUMPURIS	DIRECTOR	1.0	Director	$0	$0	$0
EDIE STEWART	SR. VICE PRESIDENT & CHIEF MISSION OFFICER	25.0	Officer	$0	$10,787	$225,515
SYLVIA MURCHISON	SR. VICE PRESIDENT & CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$16,991	$287,686

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	$4,407,981	$4,451,700	$72,577	$-43,719
2024	$3,968,315	$3,893,263	$133,311	$75,052
2023	$2,583,454	$2,603,223	$23,882	$-19,769
2022	$1,902,945	$1,916,104	$10,180	$-13,159
2021	$1,575,257	$1,593,556	$26,560	$-18,299
2020	$1,276,698	$1,391,557	$69,747	$-114,859
2019	$1,470,128	$1,382,509	$114,506	$87,619

Goodwill Arkansas Education Initiatives Inc