GOOD NEWS WORLDWIDE

EIN: 921004584 501(c)(3)

AUGUSTA, MO

Total Revenue
$168,359
Total Expenses
$214,107
Total Assets
$1,179,046
Net Assets
$1,178,256
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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
MO
Principal Officer
WALLACE SCHULZ
Phone
8007781132
Tax Period
2023-01-01 to 2023-12-31

GOOD NEWS WORLDWIDE, founded in 2022, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $214K exceeded revenue, resulting in a 27% operating deficit.

Mission

GOOD NEWS WORLDWIDE IS AN ORGANIZATION DEDICATED TO SPREADING THE GOOD NEWS OF JESUS CHRIST THROUGH THE PUBLICATION OF A JOURNAL TITLED GOOD NEWS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $152,912
Program Service Revenue $14,611
Investment Income $836
Other Revenue $0
TOTAL REVENUE $168,359

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,218
Fundraising Expenses $0
Program Expenses $158,374
Other Expenses $146,889
TOTAL EXPENSES $214,107

Year-over-Year Comparison

2023 2022 Change
Revenue $168,359 $80,000 +1.1%
Expenses $214,107 N/A N/A
Net Income $-45,748 $80,000 -1.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
4
Volunteers
2

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
4
$46,007
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLACE SCHULZ CHAIRMAN/PRESIDENT 0.20
Officer Director
$0 $0 $0
RANDALL BELL SECRETARY 0.20
Officer Director
$0 $0 $0
LOIS SCHUBERT TREASURER 0.20
Officer Director
$0 $0 $0
KATHY SCHULZ MANAGING EDITOR 40.00
Officer
$46,007 $0 $46,007
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 $168,359 $214,107 $1,179,046 $-45,748
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