READY FOR GOOD CO (EIN 873356507) - 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

2022

Legal Domicile

Principal Officer

ADDISON SHOCKLEY

Phone

7858560651

Tax Period

2023-01-01 to 2023-12-31

READY FOR GOOD CO, founded in 2022, is a small nonprofit in the Human Services sector that reported $676K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $623K left a modest 8% surplus.

Mission

To provide job readiness and life skills training, supportive employment, spiritual formation opportunities, and mentorship to youth in foster care, the juvenile justice system, and youth who have aged out of those systems.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $279,413

Program Service Revenue $396,627

Investment Income $0

Other Revenue $0

TOTAL REVENUE $676,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,464

Fundraising Expenses $0

Program Expenses $501,204

Other Expenses $409,746

TOTAL EXPENSES $623,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$676,040	$357,766	+0.9%
Expenses	$623,210	$324,601	+0.9%
Net Income	$52,830	$33,165	+0.6%

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

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

$68,433

Total Directors

$68,433

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADDISON SHOCKLEY	PRESIDENT & CEO	40	Officer Director	$68,433	$0	$68,433
MARGARET HARRIS	SECRETARY	2	Officer Director	$0	$0	$0
JUDAH POWERS	TREASURER	2	Officer Director	$0	$0	$0
LELAND JOHNSON	DIRECTOR	2	Director	$0	$0	$0
MAXWELL SHOCKLEY	DIRECTOR	2	Director	$0	$0	$0
JIM CLARK	DIRECTOR	2	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	No data	No data	No data	No data
2023	$676,040	$623,210	$97,110	$52,830
2022	$357,766	$324,601	$35,158	$33,165

READY FOR GOOD CO