Modim ends, “בָּרוּךְ אַתָּה ה’ הַטּוֹב שִׁמְךָ וּלְךָ נָאֶה לְהוֹדוֹת – … Your name is ‘The Good’, and it is pleasant to praise You.”

Yes, I believe we are saying Hashem’s name is “HaTov”, and not that His name / reputation in the world is known to be good.

You might have thought that the fourth “ve’al” was “for Your wonders and good things which are at all times, [meaning:] evening, morning and afternoon.” But that would be very problematic, as we would be overlooking all the miracles that happen at night. … [Instead,] we are giving the times when we praise Hashem: Shacharis, Minchah and Maariv.

We already saw the Gra explained that we receive from Hashem in four ways. And that this also feels to me like a key part of the requests that are the heart of Shemoneh Esrei…

And so, it should be unsurprising that in Modim we thank and face our need to be dependent on Hashem for four things.

Of all the paths to Torah that the shevatim developed, when it came time to rebuild the Jewish People and our nature ever since, is Juda-ism — a religion in which hoda’ah is fundamental. …

And so Modim is not “only” an expression of thanks to our Creator, it is also the Jew’s central means of connecting to Him.