GOODWILL OF NORTH GEORGIA DEVELOPMENT COMPANY II INC (EIN 851936726) - 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

Principal Officer

KEITH T PARKER

Phone

4044209900

Tax Period

2022-07-01 to 2023-06-30

GOODWILL OF NORTH GEORGIA DEVELOPMENT COMPANY II INC, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $102K in total revenue in fiscal year 2022. Expenses of $538K exceeded revenue, resulting in a 425% operating deficit.

Mission

SUPPORTING ORGANIZATION THAT IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES, AND/OR ACTIVITIES OF GNG.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $102,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $538,345

Other Expenses $538,345

TOTAL EXPENSES $538,345

Year-over-Year Comparison

	2022	2021	Change
Revenue	$102,500	N/A	N/A
Expenses	$538,345	$22,065	+23.4%
Net Income	$-435,845	$-22,065	+18.8%

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

$1,687,869

Total Directors

$1,687,869

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH PARKER	PRESIDENT	3.0	Officer Director	$0	$41,950	$898,125
MARIANGELA CORALES	SECRETARY	2.0	Officer Director	$0	$21,811	$442,713
TIMOTHY O'CONNELL	TREASURER	2.0	Officer Director	$0	$1,668	$347,031
ALLEN PHINNEY	DIRECTOR	0.25	Director	$0	$0	$0
RUKIYA THOMAS	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$102,500	$538,345	$11,168,828	$-435,845
2022	No data	$22,065	$11,121,414	No data
2021	No data	$61,247	$10,657,475	No data

GOODWILL OF NORTH GEORGIA DEVELOPMENT COMPANY II INC