Goodtemps Inc
Goodtemps Inc shows consistent operations with recent deficit, no officer compensation reported.
EIN: 201643163 · Muskegon, MI · NTEE: J20 · Updated: 2026-03-28
Is Goodtemps Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goodtemps Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goodtemps Inc
Goodtemps Inc (EIN: 201643163) is a nonprofit organization based in Muskegon, MI, classified under NTEE code J20. The organization reported total revenue of $4.0M and total assets of $879K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goodtemps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goodtemps Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Goodtemps Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Goodtemps Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size and revenue, and suggests either a volunteer-led executive team or that compensation is reported under other categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Goodtemps Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2023 filing ($7,821,271 vs $6,860,188).
- Significant decrease in assets from $1,722,768 in 2022 to $694,787 in 2023.
- Consistent 0% officer compensation, which is unusual for an organization with multi-million dollar revenues and could indicate reporting nuances.
Strengths
The following positive indicators were identified for Goodtemps Inc:
- Consistent history of IRS 990 filings, indicating good transparency.
- Generally stable financial operations over many years, with revenues often exceeding expenses.
- Low liabilities relative to assets in most periods, suggesting good financial management (e.g., $18,122 liabilities vs $694,787 assets in 2023).
- No reported officer compensation, potentially indicating a strong commitment to mission-focused spending.
Frequently Asked Questions about Goodtemps Inc
Is Goodtemps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodtemps Inc (EIN: 201643163) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Goodtemps Inc spend its money?
Goodtemps Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goodtemps Inc tax-deductible?
Goodtemps Inc is registered as a tax-exempt nonprofit (EIN: 201643163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did expenses exceed revenue in the 2023 fiscal period?
In 2023, Goodtemps Inc reported expenses of $7,821,271 against revenues of $6,860,188, resulting in a deficit. This could be due to increased program costs, one-time investments, or a temporary dip in funding, and would require further investigation into their detailed financial statements.
How does Goodtemps Inc manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive compensation is categorized differently within their expense reporting, which would warrant clarification.
What caused the significant fluctuation in assets from 2022 to 2023?
Assets decreased from $1,722,768 in 2022 to $694,787 in 2023. This substantial reduction could be due to asset sales, depreciation, or the use of reserves to cover the operational deficit in 2023.
Filing History
IRS 990 filing history for Goodtemps Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Goodtemps Inc's revenue has grown by 41.6%, moving from $4.8M to $6.9M. Total assets increased by 63.7% over the same period, from $424K to $695K. Total functional expenses rose by 63.4%, from $4.8M to $7.8M. In its most recent filing year (2023), Goodtemps Inc reported a deficit of $961K, with expenses exceeding revenue. The organization holds $18K in liabilities against $695K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $677K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.8M | $695K | $18K | — | — |
| 2022 | $7.1M | $6.9M | $1.7M | $85K | — | View 990 |
| 2021 | $5.6M | $5.4M | $1.5M | $74K | — | View 990 |
| 2020 | $3.6M | $3.6M | $1.2M | $47K | — | — |
| 2019 | $5.0M | $4.9M | $1.2M | $83K | — | View 990 |
| 2018 | $5.1M | $4.9M | $1.1M | $114K | — | View 990 |
| 2017 | $4.8M | $4.7M | $840K | $88K | — | — |
| 2016 | $4.6M | $4.5M | $754K | $101K | — | View 990 |
| 2015 | $5.5M | $5.5M | $721K | $87K | — | View 990 |
| 2014 | $7.4M | $7.2M | $697K | $152K | — | View 990 |
| 2013 | $6.8M | $6.6M | $518K | $220K | — | View 990 |
| 2012 | $6.4M | $6.2M | $564K | $388K | — | View 990 |
| 2011 | $4.8M | $4.8M | $424K | $503K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.8M, and assets of $695K (revenue -4.0% year-over-year).
- 2022: Revenue of $7.1M, expenses of $6.9M, and assets of $1.7M (revenue +27.8% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.4M, and assets of $1.5M (revenue +54.3% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.6M, and assets of $1.2M (revenue -27.7% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.9M, and assets of $1.2M (revenue -2.3% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.9M, and assets of $1.1M (revenue +7.0% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.7M, and assets of $840K (revenue +5.3% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.5M, and assets of $754K (revenue -17.9% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.5M, and assets of $721K (revenue -25.4% year-over-year).
- 2014: Revenue of $7.4M, expenses of $7.2M, and assets of $697K (revenue +9.9% year-over-year).
- 2013: Revenue of $6.8M, expenses of $6.6M, and assets of $518K (revenue +5.6% year-over-year).
- 2012: Revenue of $6.4M, expenses of $6.2M, and assets of $564K (revenue +32.4% year-over-year).
- 2011: Revenue of $4.8M, expenses of $4.8M, and assets of $424K.
Data Sources and Methodology
This transparency report for Goodtemps Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.