GOLDENWOOD INC (EIN 850531036) - 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

2020

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

GOLDENWOOD INC, founded in 2020, is a small nonprofit in the Religion sector that reported $560K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $660K exceeded revenue, resulting in a 18% operating deficit.

Mission

Goldenwood Inc. exists to provide religious education spiritual direction and holistic collaborative coaching for personal and communal growth to inspire maturing vitality in all facets of life and to see work revived by love. Through comprehensive coordinated and cohesive design we facilitate a wide range of individual and communal programs that foster maturing spiritual growth and leader development. Goldenwood Inc. is organized and operated exclusively for charitable purposes in accordance with Section 501c3 of the Internal Revenue Code.

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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 $472,254

Program Service Revenue $85,648

Investment Income $2,112

Other Revenue $0

TOTAL REVENUE $560,014

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $359,444

Fundraising Expenses $23,666

Program Expenses $577,494

Other Expenses $299,514

TOTAL EXPENSES $659,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,014	$606,333	-0.1%
Expenses	$659,958	$577,713	+0.1%
Net Income	$-99,944	$28,620	-4.5%

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

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

$355,110

Total Directors

$355,110

Key Employees

$214,131

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Kim	CEO	40.00	Officer Director Key Emp	$116,419	$97,712	$214,131
Amilee Watkins	COO	40.00	Officer Director	$107,308	$33,671	$140,979
Haejin Shim Fujimura	Director	0.50	Director	$0	$0	$0
Stephen Bailey	Director	0.50	Director	$0	$0	$0
Shann Ferch	Director	0.50	Director	$0	$0	$0
Richard Leong	Director	0.50	Director	$0	$0	$0
Christin Masimore	Director	0.50	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
2025	No data	No data	No data	No data
2024	$560,014	$659,958	$282,399	$-99,944
2023	$606,333	$577,713	$382,447	$28,620
2022	$299,102	$328,392	$324,150	$-29,290
2021	$677,107	$491,313	$353,278	$185,794

GOLDENWOOD INC