GOODWILL VENTURES (EIN 833471560) - 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

2019

Legal Domicile

Principal Officer

DEBIE COBLE

Phone

5744727300

Tax Period

2023-01-01 to 2023-12-31

GOODWILL VENTURES, founded in 2019, is a small nonprofit in the Human Services sector that reported $154K in total revenue in fiscal year 2023. Expenses of $659K exceeded revenue, resulting in a 329% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF GOODWILL INDUSTRIES OF MICHIANA, INC.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $153,600

TOTAL REVENUE $153,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $659,409

Other Expenses $659,409

TOTAL EXPENSES $659,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,600	$153,600	N/A
Expenses	$659,409	$659,442	0.0%
Net Income	$-505,809	$-505,842	0.0%

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

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

$328,295

Total Directors

$328,295

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CONKLIN	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK NOVITZKE	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW BURGGRAF	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBIE COBLE	BOARD MEMBER	0.50	Officer Director	$0	$26,729	$328,295

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	$153,600	$659,409	$8,014,986	$-505,809
2022	$153,600	$659,442	$8,249,104	$-505,842
2021	$153,600	$659,293	$8,688,657	$-505,693
2020	$153,600	$680,403	$9,128,258	$-526,803
2019	$1,522,282	$340,241	$9,588,970	$1,182,041

GOODWILL VENTURES