Quick charity verification for Goodrich Foundation Inc (EIN: 134036967)
Verdict: Goodrich Foundation Inc shows mixed signals
65/100Mission Score
$23KRevenue
$468KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., 2023, 2022)
Highly volatile revenue streams, making financial planning challenging
Lack of detailed expense breakdown in provided data to assess program efficiency
Strengths
Strong asset base ($468,173 latest assets)
No reported officer compensation, indicating volunteer leadership or external funding for salaries
Minimal liabilities ($1 in recent filings) suggesting good debt management
Spending Breakdown
How Goodrich Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Goodrich Foundation Inc
Is Goodrich Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodrich Foundation Inc (EIN: 134036967) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Goodrich Foundation Inc a good charity to donate to?
Goodrich Foundation Inc has a Mission Score of 65/100. Revenue: $23K. Assets: $468K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goodrich Foundation Inc?
The Employer Identification Number (EIN) for Goodrich Foundation Inc is 134036967. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Goodrich Foundation Inc spend its money?
Goodrich Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goodrich Foundation Inc's tax-exempt status?
You can verify Goodrich Foundation Inc's tax-exempt status using EIN 134036967 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Goodrich Foundation Inc. exhibits a fluctuating financial profile with inconsistent revenue streams over the past decade. While the organization maintains a healthy asset base, currently at $468,173, its operational efficiency is a concern given the recent trend of expenses exceeding revenue. For instance, in 2023, expenses were $18,384 against revenue of $7,744, and in 2022, expenses were $22,167 against a mere $224 in revenue. This suggests a reliance on drawing down existing assets or a significant one-time revenue event in 2021 ($375,544) that is not consistently replicated.
The foundation demonstrates strong transparency regarding executive compensation, reporting 0% officer compensation across all available filings, indicating that leadership is likely unpaid or compensated through other means not captured in this metric. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, it's challenging to fully assess spending efficiency. The consistent reporting of minimal liabilities ($1 in most recent filings) indicates sound financial management in terms of debt.
Overall, while the foundation appears to be managed by unpaid officers and has a solid asset base, its long-term sustainability is questionable given the recent pattern of operating deficits. A clearer picture of how its expenses are allocated would be beneficial for a complete assessment of its spending efficiency and program impact.