New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GOOD COUNSEL SERVICES INC, founded in 2016, is a micro nonprofit in the Crime & Legal sector that reported $86K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $100K exceeded revenue, resulting in a 16% operating deficit.
Good Counsel Services, Inc. provides social entrepreneurs and emerging nonprofits with critical resources for success through services, education, and programming.
One-on-One Legal Services: Good Counsel is a legal advocacy education organization dedicated to supporting social entrepreneurs. We are committed to protecting start-up companies by providing...
One-on-One Legal Services: Good Counsel is a legal advocacy education organization dedicated to supporting social entrepreneurs. We are committed to protecting start-up companies by providing education, consulting and counseling to leaders in the sector. In 2023, we welcomed returning, current, and new clients, which enriched both our students' learning experiences and expanded the organization's knowledge base and resource library.
Fiscal Sponsorship: Good Counsel provides fiscal sponsorship to groups aligned with its mission to support social entrepreneurs and emerging nonprofits. In 2023, we managed tax-deductible donations...
Fiscal Sponsorship: Good Counsel provides fiscal sponsorship to groups aligned with its mission to support social entrepreneurs and emerging nonprofits. In 2023, we managed tax-deductible donations and grants for various charitable projects, including assisting a young Bangladeshi asylum seeker in seeking safety and education abroad. We also supported organizations like Elevated Access, a nonprofit offering free flights to individuals in need of essential healthcare amid restrictive state bans; and Project Liberation, which empowers justice-involved women through trauma-informed programs. Through our sponsorship, we helped these initiatives grow their impact and reach those in need across the country.
Internship Program: We mentor and educate talented individuals from around the world, providing critical resources, training, and guidance aligned with our mission to support social entrepreneurs and...
Internship Program: We mentor and educate talented individuals from around the world, providing critical resources, training, and guidance aligned with our mission to support social entrepreneurs and emerging nonprofits. Over the past five years, we have mentored hundreds of students, cultivating subject matter expertise that enhances our impact and enriches our participants learning experiences. In 2023 our program provided participants with practical skills and meaningful including a comprehensive understanding of key nonprofit functions such as fundraising or marketing. This valuable experience has prepared them to lead and contribute more effectively to the nonprofit sector in the future.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $85,589 | $139,945 | -0.4% |
| Expenses | $99,609 | $178,677 | -0.4% |
| Net Income | $-14,020 | $-38,732 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRENDA DOUCETTE | BOARD CHAIR | 0.500 |
Director
|
$0 | $0 | $0 |
| GLORIA THAKURIA | BOARD TREASURER | 0.500 |
Director
|
$0 | $0 | $0 |
| JOHN CAMPANARIO | BOARD SECRETARY | 0.500 |
Director
|
$0 | $0 | $0 |
| ELIZABETH DAVID-DEMBROWSKY | EXECUTIVE DIRECTOR | 5.000 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $85,589 | $99,609 | $18,837 | $-14,020 |
| 2022 | $139,945 | $178,677 | $30,952 | $-38,732 |
| 2021 | $306,060 | $295,613 | $70,888 | $10,447 |
| 2020 | $87,508 | $75,953 | $65,620 | $11,555 |
| 2019 | $285,129 | $281,454 | $52,999 | $3,675 |
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