Morgan Memorial Goodwill Industries Inc (EIN 042106765) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

Joanne K Hilferty

Phone

6174451010

Tax Period

2023-07-01 to 2024-06-30

Morgan Memorial Goodwill Industries Inc, founded in 1905, is a mid-sized nonprofit in the Employment sector that reported $39.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $33.5M left a modest 14% surplus.

Mission

Independence and dignity through work.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,649,073

Program Service Revenue $9,969,372

Investment Income $2,327,192

Other Revenue $16,166,656

TOTAL REVENUE $39,112,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,614,488

Fundraising Expenses $814,710

Program Expenses $28,130,042

Other Expenses $13,785,313

TOTAL EXPENSES $33,455,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,112,293	$35,289,490	+0.1%
Expenses	$33,455,001	$33,008,966	+0.0%
Net Income	$5,657,292	$2,280,524	+1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

689

Volunteers

134

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$856,080

Total Directors

$612,974

Key Employees

$277,410

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joanne K Hilferty	President & CEO	39.75	Officer Director	$594,832	$18,142	$612,974
Sally Mason Boemer	Chair (thru 1/24)	2.75	Officer Director	$0	$0	$0
Paul Andrew	Vice Chair (thru 1/24); Chair	1.75	Officer Director	$0	$0	$0
Linda Williams	Board Mmbr (thru 1/24); Vice Chair	1.75	Officer Director	$0	$0	$0
John Doucette	Treasurer	2.75	Officer Director	$0	$0	$0
David Orr Jr	Clerk	2.75	Officer Director	$0	$0	$0
Yusef Abdolmohammadi	Board Member	2.00	Director	$0	$0	$0
Robert Diestel	Board Member	2.00	Director	$0	$0	$0
Paul Francisco	Board Member (thru 1/24)	2.00	Director	$0	$0	$0
Maria Harris	Board Member	2.00	Director	$0	$0	$0
Kathleen Murphy	Board Member	2.00	Director	$0	$0	$0
Jimmy Nguyen	Board Member	2.00	Director	$0	$0	$0
Marie St Fleur	Board Member	2.00	Director	$0	$0	$0
Mary Wadlinger	Board Member	2.00	Director	$0	$0	$0
Laurel Ford	VP of Finance & CFO	40.00	Officer	$223,719	$19,387	$243,106
Alexander MacNeil	VP of Operations	40.00	Key Emp	$248,133	$29,277	$277,410
Adam Dossas	Director of Donations & Outreach	40.00	Highest	$158,770	$30,257	$189,027
Laurie Gallagher	Director of Marketing	40.00	Highest	$165,741	$16,931	$182,672
Kristina Anes	Director of Benefits	40.00	Highest	$135,953	$6,238	$142,191
Carlos Zabala	Sr. Director of Retail Operations	40.00	Highest	$164,886	$2,435	$167,321
Valerie Sibley	Director of Financial Systems	40.00	Highest	$139,132	$18,782	$157,914

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$39,112,293	$33,455,001	$72,879,881	$5,657,292
2023	$35,289,490	$33,008,966	$62,407,515	$2,280,524
2022	$36,409,751	$30,067,243	$44,929,635	$6,342,508
2021	$28,404,005	$27,027,089	$47,388,401	$1,376,916
2020	$29,223,198	$30,772,040	$37,734,198	$-1,548,842
2019	$29,242,346	$27,527,776	$36,514,955	$1,714,570

Morgan Memorial Goodwill Industries Inc