Civic Intelligence

Good Wheels Inc

EIN 65-0192741 • 501(c)3 • Fort Myers, FL

Profile

To coordinate and provide cost effective and reliable transportation to the disadvantaged, disabled, those working to gain economic self sufficiency, and the general public.

1342 Colonial Blvd H-57Fort Myers, FL 33907

www.goodwheels.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.78x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.51x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

54th percentile

6.3%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$133,216

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

2.2%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,838,568

Up $398,789 (+12%) from 2018

Liabilities

Up

$3,002,043

Up $29,081 (+1.0%) from 2018

Net Assets

Up

$836,525

Up $369,708 (+79%) from 2018

Revenue

Up

$5,849,936

Up $123,306 (+2.2%) from 2018

Expenses

Down

$5,480,228

Down $369,903 (-6.3%) from 2018

Net Income

Up

$369,708

Up $493,209 (+399%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,404,038Liabilities 2011: $1,608,588Net Assets 2011: $1,795,4502011Assets 2012: $2,662,449Liabilities 2012: $1,530,456Net Assets 2012: $1,131,9932012Assets 2013: $2,329,763Liabilities 2013: $1,435,029Net Assets 2013: $894,7342013Assets 2014: $2,124,079Liabilities 2014: $1,272,408Net Assets 2014: $851,6712014Assets 2015: $2,242,495Liabilities 2015: $1,559,370Net Assets 2015: $683,1252015Assets 2016: $3,063,677Liabilities 2016: $2,240,197Net Assets 2016: $823,4802016Assets 2017: $3,633,215Liabilities 2017: $3,042,897Net Assets 2017: $590,3182017Assets 2018: $3,439,779Liabilities 2018: $2,972,962Net Assets 2018: $466,8172018Assets 2019: $3,838,568Liabilities 2019: $3,002,043Net Assets 2019: $836,5252019

Highlighted filing

2019

Assets$3,838,568
Liabilities$3,002,043
Net Assets$836,525

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $5,738,3812011Revenue 2012: $4,948,931Expenses 2012: $5,612,388Net Income 2012: -$663,4572012Expenses 2013: $5,375,0932013Revenue 2014: $5,073,952Expenses 2014: $5,117,015Net Income 2014: -$43,0632014Revenue 2015: $4,141,079Expenses 2015: $4,135,861Net Income 2015: $5,2182015Revenue 2016: $4,945,753Expenses 2016: $4,805,398Net Income 2016: $140,3552016Revenue 2017: $5,807,373Expenses 2017: $6,040,535Net Income 2017: -$233,1622017Revenue 2018: $5,726,630Expenses 2018: $5,850,131Net Income 2018: -$123,5012018Revenue 2019: $5,849,936Expenses 2019: $5,480,228Net Income 2019: $369,7082019

Highlighted filing

2019

Revenue$5,849,936
Expenses$5,480,228
Net Income$369,708

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 21, 2020
Return Version
2018v3.1
Gross Receipts
$5,850,569
Mission and Program Overview

Mission

To coordinate and provide cost effective and reliable transportation to the disadvantaged, disabled, those working to gain economic self sufficiency, and the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,787,635$2,770,908▼ $16,727
Accounts Receivable$140,080$757,060▲ $616,980
Cash and Non-Interest-Bearing Accounts$139,026$123,346▼ $15,680
Inventories for Sale or Use$22,463$96,890▲ $74,427
Prepaid Expenses and Deferred Charges-$44,177-
Pledges and Grants Receivable$346,213$43,000▼ $303,213
Savings and Temporary Cash Investments$1,175--
Total Assets$3,439,779$3,838,568▲ $398,789
Other Assets Total$3,187$3,187→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,219,931$2,189,713▼ $30,218
Accounts Payable and Accrued Expenses$753,031$812,330▲ $59,299
Total Liabilities$2,972,962$3,002,043▲ $29,081
Net Assets / Fund Balance
Unrestricted Net Assets$466,817$836,525▲ $369,708
Total Net Assets Fund Balance$466,817$836,525▲ $369,708
Total Liabilities and Net Assets / Fund Balance$3,439,779$3,838,568▲ $398,789

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,908,232$3,257,977$5,166,209
Buildings$439,425$395,462$834,887
Equipment$138,251$485,740$623,991
Land$285,000-$285,000
Other Assets Org$3,187--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan MandelCEOFT$120,736$12,480$133,216

Board Members and Trustees

NameTitle
Joni LoganDirectorChairman
Brian RistDirector
Chuck BodenhafterDirector
Fred AtkinsDirector
Howard Wheeler IIDirector
Jason BrewerDirector
Sandra BurkeDirector
Viva RobinsonDirector
Wayne KirkwoodDirector
Armando LlechuDirectorSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,321,501
Program Service Revenue
$2,387,551
Investment Income
$-511
Other Revenue
$141,395
All Other Contributions
$300,456
Change in Net Assets
$369,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,997,008
Other Expenses$2,483,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,351,056$123,740-$2,474,796
Other Expenses$819,431$3,541-$819,431
Depreciation Depletion$507,605--$507,605
Payroll Taxes$192,609$10,137-$202,746
Fees for Services Other$182,634$9,612-$192,246
Other Employee Benefits$168,203$5,384-$173,587
Office Expenses$147,102$7,742-$154,844
Interest$108,925$5,733-$114,658
Current Officers, Directors, Trustees, and Key Employees$104,038$5,476-$109,514
Pension Plan Contributions$34,548$1,817-$36,365
All Other Expenses$2,507$132-$2,639
Occupancy$1,369$72-$1,441
Travel$1,211--$1,211
Total Functional Expenses$5,301,037$179,191$0$5,480,228
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Copy Lady IncRelated to Former Board MemberCopier LeaseNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The CEO/CFO reviews Form 990 in detail and then conducts a review with the Board prior accepting the 990 and signing off.

Conflict of interest policy compliance Part VI line 12C

The Organization requires conflict of interest forms on all FTA and FDOT grants and adhere to the policies therein.

CEO executive director top management comp Part VI line 15A

The CEOs compensation is controlled by the Board of Directors.

Other officer or key employee compensation Part VI line 15B

The CEO reviews and determines key employee compensation with the Board of Directors.

Governing documents etc available to public Part VI line 19

Governing documents and financial statements are available upon request and at Board meetings which are open to the public and advertised in advance.

Filing and Contact Details

Filer

Filer Name
Good Wheels Inc
EIN
65-0192741
Address
1342 Colonial Blvd H-57, Fort Myers, FL 33907
Doing Business As
co Jeffrey W Leasure PA

Signing Officer

Name
Alan Mandel
Title
CEO
Phone
2392757797
Signed
2020-02-21
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
163

Preparer

Firm
Tuscan & Company PA
Address
12621 World Plaza Lane Bldg 55, Fort Myers, FL 33907
Preparer
Jeffrey M Tuscan CPA
Phone
2393332090
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

The Organization was undergoing a financial hardship and has been unsuccessful in obtaining funding to provide the Organization with the means in which to pay a certified public accounting firm to prepare an audit for fiscal year 10/1/18-9/30/19. As a result, the Organization ceased opoerations as of February 19, 2020. The Organization is currently collecting all outstanding receivables and intends to sell and distribute all remaining assets to settle unpaid debts.

Not undergone required audits or steps for audit part XII line 3B

The Organization was undergoing a financial hardship and has been unsuccessful in obtaining funding to provide the Organization with the means in which to pay a certified public accounting firm to prepare an audit for fiscal year 10/1/18-9/30/19. As a result, the Organization ceased opoerations as of February 19, 2020. The Organization is currently collecting all outstanding receivables and intends to sell and distribute all remaining assets to settle unpaid debts.

Significant program services not listed on prior year return Part III line 2

In January 2016, Good Wheels Services LLC was established as a wholly owned subsidiary of Good Wheels Inc to provide for-profit transportation services. Operations of Good Wheels Services LLC commenced on October 1, 2016. Good Wheels Services LLCs operating revenues and expenses are considered unrelated business income and reported on Form 990-T.

List of other expenses Part IX line 24E

Postage-$2,015Dues - $624

General explanation attachment

The organization ceased operations as of February 19, 2020 at midnight. All information reported on the Form 990 and Form 990-T is the most accurate and concise since the records are no longer available. Part IV line 12a - The Organization was undergoing a financial hardship and has been unsuccessful in obtaining funding to provide the Organization with the means in which to pay a certified public accounting firm to prepare an audit for fiscal year 10/1/18-9/30/19. As a result, the Organization ceased opoerations as of February 19, 2020. The Organization is currently collecting all outstanding receivables and intends to sell and distribute all remaining assets to settle unpaid debts.

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IRS990/OtherExpensesGrp/Desc3Vehicle
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13541
IRS990/OtherExpensesGrp/ProgramServicesAmt0110301
IRS990/OtherExpensesGrp/ProgramServicesAmt167275
IRS990/OtherExpensesGrp/ProgramServicesAmt2502223
IRS990/OtherExpensesGrp/ProgramServicesAmt3819431
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IRS990/OtherExpensesGrp/TotalAmt2502223
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010137
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0138251
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0485740
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0623991
IRS990ScheduleD/LandGrp/BookValueAmt0285000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0285000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03187
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposits
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Copy Lady Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Related to Former Board Member
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Copier Lease
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The CEO/CFO reviews Form 990 in detail and then conducts a review with the Board prior accepting the 990 and signing off.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization requires conflict of interest forms on all FTA and FDOT grants and adhere to the policies therein.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The CEOs compensation is controlled by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The CEO reviews and determines key employee compensation with the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and financial statements are available upon request and at Board meetings which are open to the public and advertised in advance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization was undergoing a financial hardship and has been unsuccessful in obtaining funding to provide the Organization with the means in which to pay a certified public accounting firm to prepare an audit for fiscal year 10/1/18-9/30/19. As a result, the Organization ceased opoerations as of February 19, 2020. The Organization is currently collecting all outstanding receivables and intends to sell and distribute all remaining assets to settle unpaid debts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization was undergoing a financial hardship and has been unsuccessful in obtaining funding to provide the Organization with the means in which to pay a certified public accounting firm to prepare an audit for fiscal year 10/1/18-9/30/19. As a result, the Organization ceased opoerations as of February 19, 2020. The Organization is currently collecting all outstanding receivables and intends to sell and distribute all remaining assets to settle unpaid debts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7In January 2016, Good Wheels Services LLC was established as a wholly owned subsidiary of Good Wheels Inc to provide for-profit transportation services. Operations of Good Wheels Services LLC commenced on October 1, 2016. Good Wheels Services LLCs operating revenues and expenses are considered unrelated business income and reported on Form 990-T.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage-$2,015Dues - $624
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The organization ceased operations as of February 19, 2020 at midnight. All information reported on the Form 990 and Form 990-T is the most accurate and concise since the records are no longer available. Part IV line 12a - The Organization was undergoing a financial hardship and has been unsuccessful in obtaining funding to provide the Organization with the means in which to pay a certified public accounting firm to prepare an audit for fiscal year 10/1/18-9/30/19. As a result, the Organization ceased opoerations as of February 19, 2020. The Organization is currently collecting all outstanding receivables and intends to sell and distribute all remaining assets to settle unpaid debts.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Audited by an independent accountant Part XII line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Not undergone required audits or steps for audit part XII line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9General explanation attachment
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Good Wheels Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Good Wheels Services LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0810904995
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0425413

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