No Halo News · Sourced development
Godman Guild's FY2024 filing reported a second consecutive annual deficit
Godman Guild reported $4.86 million in revenue and $5.57 million in expenses for 2024, producing a deficit of about $718,000. This followed an approximately $1.11 million deficit in 2023. Reported net assets declined from $5.73 million at the end of 2022 to $3.71 million at the end of 2024.
Status matters. This page records a sourced development, not a completed No Halo investigation. An allegation is not a finding. Dismissals, settlements, judgments, corrections and final outcomes remain distinct.
Donor relevance
Why this matters
Two consecutive deficits and a roughly $2 million decline in net assets indicate erosion of the organization's financial cushion, although the filing still reported positive net assets.
Attribution
Who reported or established this
The figures come from Godman Guild's IRS Form 990 filings as compiled by ProPublica.
Evidence limits
What remains unverified
No Halo has not established the causes of the deficits, current liquidity, whether losses were planned, or management's strategy and timetable for returning to balance.
Right of reply
Organization response
The tax filings report the financial results. No separate management explanation for the consecutive deficits was located in the consulted material.
Classification
How No Halo records this event
Event type: Financial Distress. Current state: Reported. No Halo preserves the current procedural state rather than treating every mention as a finding.
Published August 20, 2026 · Last verified September 24, 2026. See an error or a later outcome? Submit a correction or right of reply.