Goodfellows of Kokomo Inc
Overview
Mission
Goodfellows of kokomo was started 1948 to provide clothing for the needy of the community. It primary mission is still to provide clothing to the underprivledged of the community, but also provides funds for scholarships and supports other organizations that meets the needs of the community.
What it reported doing in 2024
Provide funds for other 501(c)3 organizations providing for needs and clothing of local children
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 237077165
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Headquarters
- Kokomo, IN, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports that some governance safeguards are missing and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 93
- Accountability: 64
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.9%; rating input score 85
- Program expense ratio: 89.7%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 14th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.5%; rating input score 96; 55th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 34%; rating input score 85; 85th percentile among comparable filings
- Operating reserve ratio: 9.2; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 10.2% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 7.7% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 84.9% of revenue deployed · 89.7% of spending went to programs
- Governance: 10 of 10 board members independent · 1 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $185K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 14 annual filings from 2011 to 2024
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link