Goodie Nation Inc (EIN 820768109) - 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

JOE WOMACK III

Phone

8505821022

Tax Period

2023-01-01 to 2023-12-31

Goodie Nation Inc, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $868K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $9.1M exceeded revenue, resulting in a 947% operating deficit.

Mission

Goodie Nation is dedicated to eliminating the Relationship Gap that stands in the way of success for far too many promising entrepreneurs.

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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 $97,551

Program Service Revenue $745,063

Investment Income $705

Other Revenue $24,190

TOTAL REVENUE $867,509

Expense Breakdown

Grants Paid $8,200,000

Salaries & Benefits $59,500

Fundraising Expenses $35,354

Program Expenses $8,952,594

Other Expenses $822,965

TOTAL EXPENSES $9,082,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,509	$1,484,588	-0.4%
Expenses	$9,082,465	$11,042,281	-0.2%
Net Income	$-8,214,956	$-9,557,693	-0.1%

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

N/A

Employees

Volunteers

100

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

$55,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE WOMACK III	CEO	40.00	Officer	$55,000	$0	$55,000
JUSTIN DAWKINS	Director	3.00	Director	$0	$0	$0
LORI WALTON	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	No data	No data	No data	No data
2023	$867,509	$9,082,465	$2,626,440	$-8,214,956
2022	$1,484,588	$11,042,281	$6,321,396	$-9,557,693
2021	$1,181,074	$438,167	$6,929,090	$742,907
2021	$12,181,074	$5,441,167	$6,929,090	$6,739,907
2020	$250,616	$238,850	$189,182	$11,766
2019	$211,644	$96,297	$152,591	$115,347

Goodie Nation Inc