GOODFIELD FOUNDATION INC

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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

Principal Officer

STEVE ANKENBRANDT

Phone

2054842840

Tax Period

2023-01-01 to 2023-12-31

GOODFIELD FOUNDATION INC, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $482K in total revenue in fiscal year 2023. Revenue surged 1313% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 40% operating margin.

Mission

THE GOODFIELD FOUNDATION EXISTS TO WORK WITH AND SERVE THE RESIDENTS OF DIFFERENT APARTMENT COMMUNITIES THROUGH PROGRAMS AND EVENTS THAT BENEFIT THE RESIDENTS AS WELL AS THE APARTMENT COMMUNITY AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $273,632 Revenue: $49,520

IN 2024, THE FOUNDATION SERVED 16 DIFFERENT APARTMENT COMMUNITIES THROUGH VARIOUS PROGRAMS, EVENTS, SERVICE OPPORTUNITIES, AND SIMILAR ACTIVITIES. SPECIFIC PROGRAMS OFFERED TO RESIDENTS IN 2024...

IN 2024, THE FOUNDATION SERVED 16 DIFFERENT APARTMENT COMMUNITIES THROUGH VARIOUS PROGRAMS, EVENTS, SERVICE OPPORTUNITIES, AND SIMILAR ACTIVITIES. SPECIFIC PROGRAMS OFFERED TO RESIDENTS IN 2024 INCLUDED FINANCIAL EDUCATION, READING RESOURCES AND ASSISTANCE FOR CHILDREN, FINANCIAL SUPPORT IN THE CASE OF EMERGENCIES, MENTAL HEALTH SUPPORT, A SERVE DAY WHERE RESIDENTS HELP OTHER RESIDENTS, AND PROFESSIONAL DEVELOPMENT PROGRAMS. IN TOTAL, THERE WERE 104 EVENTS IN 2024 WHERE 4,775 RESIDENTS PARTICIPATED. THE GOAL IS TO ENRICH THE LIVES OF THE RESIDENTS IN MANY AREAS, INCLUDING SOCIAL, PROFESSIONAL, EMOTIONAL, FINANCIAL, SPIRITUAL, AND EDUCATIONAL, AS WELL AS PROMOTING AN OVERALL SENSE OF COMMUNITY AMONG RESIDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $432,403

Program Service Revenue $49,520

Investment Income $0

Other Revenue $0

TOTAL REVENUE $481,923

Expense Breakdown

Grants Paid $225,700

Salaries & Benefits $0

Fundraising Expenses $7,550

Program Expenses $273,632

Other Expenses $64,606

TOTAL EXPENSES $290,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$481,923	$34,107	+13.1%
Expenses	$290,306	N/A	N/A
Net Income	$191,617	$34,107	+4.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DUDLEY SIMMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LOGAN CLEMENTS	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MUMMERT	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN ANKENBRANDT	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$0
COLE CARTER	CONTROLLER	5.00	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	No data	No data	No data	No data
2023	$481,923	$290,306	$233,173	$191,617