Goodnation Foundation 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

2016

Legal Domicile

Principal Officer

Robert Hansen

Phone

6469078269

Tax Period

2024-01-01 to 2024-12-31

Goodnation Foundation Inc, founded in 2016, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $22.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $20.4M left a modest 8% surplus.

Mission

Goodnation Foundation's mission is to help address our country and communities' toughest challenges by bringing new philanthropic support to high performing nonprofits.

Program Service Accomplishments

Program 1

Expenses: $20,337,148

Goodnation Foundation advanced its mission of addressing our toughest challenges by providing fiscal sponsorship to high-performing nonprofits, enabling them to access critical funding and...

Goodnation Foundation advanced its mission of addressing our toughest challenges by providing fiscal sponsorship to high-performing nonprofits, enabling them to access critical funding and operational support. During the tax year, the Foundation facilitated charitable contributions to sponsored organizations working in key areas such as education, poverty alleviation, and community development. By offering essential infrastructure and oversight, Goodnation empowered these nonprofits to expand their programs, maximize donor impact, and deliver measurable results. Through its fiscal sponsorship model, the Foundation strengthened the capacity of mission-driven organizations and amplified their ability to create meaningful change.

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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 $21,835,114

Program Service Revenue $0

Investment Income $269,781

Other Revenue $0

TOTAL REVENUE $22,104,895

Expense Breakdown

Grants Paid $12,029,520

Salaries & Benefits $3,962,111

Fundraising Expenses $0

Program Expenses $20,337,148

Other Expenses $4,372,345

TOTAL EXPENSES $20,363,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,104,895	$13,642,513	+0.6%
Expenses	$20,363,976	$12,983,613	+0.6%
Net Income	$1,740,919	$658,900	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Senait Tesfai	Employee	40.00		$100,552	$0	$100,552
Sherah Alaimo	Director	1.00	Director	$0	$0	$0
Laura Henson	Director	1.00	Director	$0	$0	$0
Chelsea Jia	Chairman	2.00	Officer Director	$0	$0	$0
Kirk Parks	Treasurer	2.00	Officer Director	$0	$0	$0
Chirag Shah	Director	1.00	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
2024	$22,104,895	$20,363,976	$6,958,917	$1,740,919
2024	$22,104,895	$20,363,976	$6,958,917	$1,740,919
2023	$13,642,513	$12,983,613	$2,013,602	$658,900
2023	$13,642,513	$12,983,613	$2,013,602	$658,900
2022	$5,990,584	$4,393,842	$1,404,584	$1,596,742
2021	$9,558,970	$9,586,424	$2,105,948	$-27,454
2020	$8,717,086	$8,857,933	$96,928	$-140,847
2019	$367,251	$525,257	$193,628	$-158,006
2018	$500,970	$519,486	$31,674	$-18,516
2017	$445,061	$416,871	$28,190	$28,190