THE DEGOOD FOUNDATION (EIN 823264889) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Phone

7575740334

Tax Period

2024-01-01 to 2024-12-31

THE DEGOOD FOUNDATION, founded in 2017, is a small nonprofit in the Youth Development sector that reported $210K in total revenue in fiscal year 2023. Revenue surged 187% from the prior year, signaling strong growth momentum. Expenses of $188K left a modest 10% surplus.

Mission

THE ORGANIZATION PROVIDES BOOKS FOR CHILDREN IN THE HAMPTON ROADS AREA OF VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $240,950

Program Service Revenue $0

Investment Income $311

Other Revenue $0

TOTAL REVENUE $241,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,420

Fundraising Expenses $3,147

Program Expenses $184,637

Other Expenses $196,471

TOTAL EXPENSES $205,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,261	$209,915	+0.1%
Expenses	$205,891	$189,292	+0.1%
Net Income	$35,370	$20,623	+0.7%

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

N/A

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

$9,419

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE DEGOOD	EXECUTIVE DIRECTOR	20.00	Director	$9,419	$0	$9,419
SUSAN WOMACK	BOARD CHAIR	2.00	Director	$0	$0	$0
ERICA DEWS	BOARD SECRETARY	1.00	Director	$0	$0	$0
PETER HOFFMANN	BOARD TREASURER	1.00	Director	$0	$0	$0
MARSHA WEATHERWAX	BOARD MEMBER	1.00	Director	$0	$0	$0
MIGUEL MORALES	BOARD MEMBER	1.00	Director	$0	$0	$0
MALEA AMOS	VICE CHAIR	2.00	Officer	$0	$0	$0
EMMA BARKER	TREASURER	2.00	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	$241,261	$205,891	$128,096	$35,370
2023	$209,915	$189,292	$93,262	$20,623
2023	$209,915	$187,905	$94,649	$22,010

THE DEGOOD FOUNDATION