GOALS FOR LIFE FOUNDATION INC

EIN: 954644197 501(c)(3) Education

LONG BEACH, CA

Total Revenue
$191,883
Total Expenses
$199,907
Total Assets
$77,465
Net Assets
$77,465
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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

Principal Officer
REGGIE BERRY
Phone
5628646040
Tax Period
2023-01-01 to 2023-12-31

GOALS FOR LIFE FOUNDATION INC is a small nonprofit in the Education sector that reported $192K in total revenue in fiscal year 2023.

Mission

PROVIDE 2000 HOURS OF DIRECT MENTORING TO APPROXIMATELY 600 YOUTH AT LOCAL SCHOOLS. PROVIDE INDIRECT MENTORING TO ANOTHER 1000 YOUTH THROUGH OUTREACH ACTIVITIES.

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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 $153,203
Program Service Revenue $38,680
Investment Income $0
Other Revenue $0
TOTAL REVENUE $191,883

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,278
Fundraising Expenses $29,095
Program Expenses $132,090
Other Expenses $80,629
TOTAL EXPENSES $199,907

Year-over-Year Comparison

2023 2022 Change
Revenue $191,883 $188,447 +0.0%
Expenses $199,907 $190,230 +0.1%
Net Income $-8,024 $-1,783 +3.5%
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
14
Independent Members
14
Employees
4
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
0
$0
Total Directors
1
$46,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGGIE BERRY PRESIDENT 40.00
Director
$46,996 $0 $46,996
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
2023 $191,883 $199,907 $77,465 $-8,024
2022 $188,447 $190,230 $85,489 $-1,783
2021 $183,260 $180,730 $87,272 $2,530
2020 $129,985 $103,521 $84,742 $26,464
2019 $150,850 $172,526 $58,278 $-21,676
2018 $161,609 $176,389 $79,954 $-14,780
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