BGOOD

EIN: 862663970 501(c)(3) Public & Societal Benefit

PITTSBORO, NC

Total Revenue
$284,980
Total Expenses
$194,178
Total Assets
$91,156
Net Assets
$91,156
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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
2021
Legal Domicile
NC
Principal Officer
JOHN FARNSWORTH
Tax Period
2021-03-16 to 2021-12-31

BGOOD, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $285K in total revenue in fiscal year 2021. The organization ran a surplus of $91K, a strong 32% operating margin.

Mission

TO BUILD CONNECTIONS BETWEEN NEIGHBORS AND PROVIDE FINANCIAL RESOURCES TO IMROVE EDUCATION, CURB FOOD INSECURITY AND SUPPORT THOSE WHO HAVE SERVED.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $284,625
Program Service Revenue $0
Investment Income $355
Other Revenue $0
TOTAL REVENUE $284,980

Expense Breakdown

Grants Paid $143,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,898
Other Expenses $50,778
TOTAL EXPENSES $194,178

Year-over-Year Comparison

2021 2020 Change
Revenue $284,980 N/A N/A
Expenses $194,178 N/A N/A
Net Income $90,802 N/A N/A
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

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Governance

Voting Members
1
Independent Members
1
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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN FARNSWORTH CHAIRMAN 10.00
Officer 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
2021 $284,980 $194,178 $91,156 $90,802
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