THE GOFFIN-KING FOUNDATION

EIN: 831975538 501(c)(3) Philanthropy & Grantmaking

BURBANK, CA

Total Revenue
$66,102
Total Expenses
$106,681
Total Assets
$5,478
Net Assets
$4,219
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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
2018
Principal Officer
LOUISE GOFFIN
Tax Period
2024-01-01 to 2024-12-31

THE GOFFIN-KING FOUNDATION, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $66K in total revenue in fiscal year 2024. Revenue surged 442% from the prior year, signaling strong growth momentum. Expenses of $107K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO HONOR AND PRESERVE LEGACY OF GOFFIN & KING THROUGH PROVIDING EDUCATIONAL OPPORTUNITIES FOR SONGWRITERS, PERFORMERS AND MUSICIANS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,017
Program Service Revenue $0
Investment Income $1,085
Other Revenue $0
TOTAL REVENUE $66,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $105,992
Other Expenses $106,681
TOTAL EXPENSES $106,681

Year-over-Year Comparison

2024 2023 Change
Revenue $66,102 $12,207 +4.4%
Expenses $106,681 $19,409 +4.5%
Net Income $-40,579 $-7,202 +4.6%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOUISE GOFFIN OFFICER N/A
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 $66,102 $106,681 $5,478 $-40,579
2023 $12,207 $19,409 $44,798 $-7,202
2021 $51,026 $175 $52,000 $50,851
2020 $3,091 $3,091 No data No data
2019 $12,173 $12,173 No data No data
2018 No data No data No data No data
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