GOODNESS UNITED INC (EIN 853688141) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

DANIEL MATHEWS

Phone

8122702698

Tax Period

2024-01-01 to 2024-12-31

GOODNESS UNITED INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO COLLECT, PROCESS, AND REDISTRIBUTE DONATED GOODS THROUGH THRIFT AND WHOLESALE OUTLETS THAT PROVIDE AFFORDABLE ACCESS TO ESSENTIAL RESOURCES FOR THE PUBLIC, REDUCE WASTE THROUGH REUSE, AND GENERATE REVENUE TO SUPPORT CHARITABLE PROGRAMS ADDRESSING POVERTY, COMMUNITY DEVELOPMENT, AND THE DISTRIBUTION OF GOODS TO INDIVIDUALS AND FAMILIES IN NEED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,013,779

Investment Income $0

Other Revenue $1,464

TOTAL REVENUE $2,015,243

Expense Breakdown

Grants Paid $853,762

Salaries & Benefits $481,537

Fundraising Expenses $0

Program Expenses $2,019,675

Other Expenses $705,509

TOTAL EXPENSES $2,040,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,015,243	$1,547,380	+0.3%
Expenses	$2,040,808	$1,528,686	+0.3%
Net Income	$-25,565	$18,694	-2.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNA ENGLISH	SECRETARY	2.00	Officer	$0	$0	$0
DANIEL MATHEWS	PRESIDENT	2.00	Officer	$0	$0	$0
DONNA DIXON	TREASURER	2.00	Officer	$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	$2,015,243	$2,040,808	$261,334	$-25,565
2023	$1,547,380	$1,528,686	$285,737	$18,694
2022	$2,579,618	$2,410,523	$261,240	$169,095
2021	$514,042	$421,897	$92,145	$92,145
2020	No data	No data	No data	No data

GOODNESS UNITED INC