THE GOODNESS WEB FOUNDATION (EIN 843607923) - 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

MARK VERDI

Phone

8578917173

Tax Period

2023-01-01 to 2023-12-31

THE GOODNESS WEB FOUNDATION, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $6.1M exceeded revenue, resulting in a 250% operating deficit.

Mission

SEE PART III, LINE 1.

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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 $1,686,851

Program Service Revenue $0

Investment Income $55,272

Other Revenue $0

TOTAL REVENUE $1,742,123

Expense Breakdown

Grants Paid $5,350,000

Salaries & Benefits $311,783

Fundraising Expenses $96,887

Program Expenses $5,655,892

Other Expenses $439,471

TOTAL EXPENSES $6,101,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,742,123	$5,752,832	-0.7%
Expenses	$6,101,254	$2,552,810	+1.4%
Net Income	$-4,359,131	$3,200,022	-2.4%

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

$291,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK VERDI	PRES./CO-FOUNDER/DIRECTOR	12.00	Officer Director	$0	$0	$0
GINA VERDI	CO-FOUNDER/TREASURER	8.00	Officer Director	$0	$0	$0
JAN SWARTZ	CO-FOUNDER/DIRECTOR	8.00	Director	$0	$0	$0
ROB SWARTZ	CO-FOUNDER/DIRECTOR	5.00	Director	$0	$0	$0
STEVE LOOSE	DIRECTOR	10.00	Director	$0	$0	$0
KARL RATHJEN	DIRECTOR	1.00	Director	$0	$0	$0
GARY REEDY	DIRECTOR	1.00	Director	$0	$0	$0
LES WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
GWILL YORK	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CARUSO	COO	40.00	Officer	$197,880	$0	$197,880
JESSIE SHAW	SR. ASSOCIATE FOR RESEARCH	40.00	Officer	$93,917	$0	$93,917

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	$1,742,123	$6,101,254	$8,021,986	$-4,359,131
2023	$1,742,123	$6,101,254	$8,021,986	$-4,359,131
2022	$5,752,832	$2,552,810	$9,045,038	$3,200,022
2021	$5,142,926	$388,297	$4,775,064	$4,754,629
2020	$278,255	$296,573	$20,304	$-18,318

THE GOODNESS WEB FOUNDATION