GOOD NEWS FRIENDS INC

EIN: 880918870 501(c)(3) Human Services

TULSA, OK

Total Revenue
$77,585
Total Expenses
$74,495
Total Assets
$5,752
Net Assets
$5,752
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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
2022
Legal Domicile
OK
Principal Officer
JAMES M ODOM
Phone
9188574380
Tax Period
2024-01-01 to 2024-12-31

GOOD NEWS FRIENDS INC, founded in 2022, is a micro nonprofit in the Human Services sector that reported $78K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $74K left a modest 4% surplus.

Mission

SUPPORT FOR AN ORPHANAGE IN KENYAALSO SPONSORING EDUCATIONAL OPPORTUNITIES FOR CHILDREN AGING OUT

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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 (2024)

Revenue Breakdown

Contributions & Grants $77,585
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $77,585

Expense Breakdown

Grants Paid $74,175
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $74,494
Other Expenses $320
TOTAL EXPENSES $74,495

Year-over-Year Comparison

2024 2023 Change
Revenue $77,585 $67,295 +0.2%
Expenses $74,495 $67,295 +0.1%
Net Income $3,090 $0 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
8
Independent Members
5
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M ODOM PRESIDENT 1.00
Officer
$0 $0 $0
BARBARA E ODOM VICE PRESIDENT 1.00
Officer
$0 $0 $0
SHANNON R PAYNE SEC/TREASURER 1.00
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 $77,585 $74,495 $5,752 $3,090
2023 $67,295 $67,295 No data No data
2022 $93,977 $93,977 No data No data
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