GOOD NEWS WORLDWIDE

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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

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.

Program Service Accomplishments

Program 1

Expenses: $158,374 Revenue: $14,611

TO PROVIDE CHRISTIANS WORLDWIDE WITH A TEACHING TOOL IN MAGAZINE FORMAT FOR TEACHING THE CHRISTIAN FAITH AND SPREADING THE GOSPEL OF JESUS CHRIST. PRINTING THE MAGAZINE IN ENGLISH SERVES...

TO PROVIDE CHRISTIANS WORLDWIDE WITH A TEACHING TOOL IN MAGAZINE FORMAT FOR TEACHING THE CHRISTIAN FAITH AND SPREADING THE GOSPEL OF JESUS CHRIST. PRINTING THE MAGAZINE IN ENGLISH SERVES APPROXIMATELY 8000 PEOPLE, INCLUDING NEARLY 6000 CONGREGATION OF THE LUTHERAN CHURCH-MISSOURI SYNOD. PROVIDING ABOUT 5000 COPIES OF GOOD NEWS IN SPANISH, CHINESE, AND OTHER LANGUAGES TO CHURCHES WORLDWIDE.

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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 $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

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

$46,007

Total Directors

Key Employees

Highest Compensated

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