GOOD COUNSEL SERVICES INC (EIN 814662958) - 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

2016

Legal Domicile

Principal Officer

ELIZABETH DAVID-DEMBROWSKY

Phone

7185983481

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

GCS is part of a growing movement to break down the financial and knowledgebased barriers in order to increase access to legal services

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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 $70,877

Program Service Revenue $14,425

Investment Income $2

Other Revenue $285

TOTAL REVENUE $85,589

Expense Breakdown

Grants Paid $21,416

Salaries & Benefits $33,546

Fundraising Expenses $177

Program Expenses $89,249

Other Expenses $44,647

TOTAL EXPENSES $99,609

Year-over-Year Comparison

	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%

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

Highest Compensated

reported

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

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
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

GOOD COUNSEL SERVICES INC