GOODS BANK NEO (EIN 872227026) - 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

2021

Legal Domicile

Principal Officer

MICHELLE WALSH

Phone

2166772455

Tax Period

2024-01-01 to 2024-12-31

GOODS BANK NEO, founded in 2021, is a small nonprofit in the Human Services sector that reported $557K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $109K, a strong 20% operating margin.

Mission

GOODS BANK NEO (GBNEO) IS A NONPROFIT PROVIDING SURPLUS GOODS TO COMMUNITY ORGANIZATIONS, TO ENRICH THE LIVES OF THOSE THEY SERVE, WHILE REDUCING WASTE AND PROTECTING THE ENVIRONMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $286,657

Program Service Revenue $251,635

Investment Income $17,449

Other Revenue $1,471

TOTAL REVENUE $557,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,638

Fundraising Expenses $406

Program Expenses $435,961

Other Expenses $241,885

TOTAL EXPENSES $448,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$557,212	$500,977	+0.1%
Expenses	$448,523	$224,489	+1.0%
Net Income	$108,689	$276,488	-0.6%

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

615

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

$43,750

Total Directors

$43,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE WALSH	EXECUTIVE DI	40.00	Officer Director	$43,750	$0	$43,750
ANDRE BRYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CORY COTTRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT GARSON	BOARD MEMBER	5.00	Director	$0	$0	$0
SALLY INGBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN KRAMER-GAYDOS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA LANGHENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINA MASRI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA MAYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY PAYNE	VOLUNTEER EX	40.00	Officer Director	$0	$0	$0
EILEEN SAFFRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANICE SETTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MEG SLIFCAK	BOARD MEMBER	1.00	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
2024	$557,212	$448,523	$708,598	$108,689
2023	$500,977	$224,489	$574,191	$276,488
2022	$338,352	$142,792	$264,333	$195,560

GOODS BANK NEO