GOODWILL INDUSTRIES OF THE PIONEER… - Form 990 Financial Data

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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

1925

Legal Domicile

Principal Officer

JOANNE K HILFERTY

Phone

4137886984

Tax Period

2018-07-01 to 2019-06-30

GOODWILL INDUSTRIES OF THE PIONEER VALLEY INC, founded in 1925, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year.

Mission

THE MISSION OF GOODWILL INDUSTRIES OF THE PIONEER VALLEY (GOODWILL) IS TO HELP INDIVIDUALS WITH BARRIERS TO SELF-SUFFICIENCY TO ACHIEVE INDEPENDENCE AND DIGNITY THROUGH WORK. ON DECEMBER 22, 2017 THE ORGANIZATION ENTERED INTO AN AFFILIATION AGREEMENT WITH MORGAN MEMORIAL GOODWILL INDUSTRIES, INC., A MASSACHUSETTS 501 (C) (3) ORGANIZATION WHICH BECAME ITS SOLE MEMBER. EFFECTIVE JULY 1, 2019, ALL ASSETS AND PROPERTY OF GOODWILL WERE TRANSFERED TO MORGAN MEMORIAL GOODWILL INDUSTRIES, INC. AND GOODWILL INDUSTRIES OF THE PIONEER VALLEY, INC. WAS DISSOLVED.

Program Service Accomplishments

Program 1

Expenses: $2,240,772 Revenue: $2,755,799

GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT SERVICES IN WESTERN MASSACHUSETTS, PARTICULARLY THE PIONEER VALLEY. GOODWILL'S MISSION SERVICES HELPED INDIVIDUALS WHO FACED BARRIERS TO SELF-SUFFICIENCY PREPARE FOR THE WORKPLACE AND CREATE MORE REWARDING AND INDEPENDENT LIVES. IN THE YEAR ENDING JUNE 30, 2019, GOODWILL'S PROGRAMS SERVED 197 INDIVIDUALS. PLACEMENT ORIENTED JOB TRAINING PROGRAMS ENROLLED 71 INDIVIDUALS CONSIDERED HARDEST TO EMPLOY AND HELPED 54 FIND JOBS. IN ADDITION, GOODWILL OFFERED EMPLOYMENT SERVICES AND DAY PROGRAMS TO 102 INDIVIDUALS WITH DEVELOPMENTAL AND OTHER DISABILITIES AND ADULT FOSTER CARE SERVICES TO 24.

Program 2

Expenses: $3,678,985 Revenue: $3,580,064

THE RETAIL PROGRAM IS A SOCIAL ENTERPRISE THAT BENEFITS THE COMMUNITY BY PROVIDING JOB TRAINING FOR INDIVIDUALS WITH BARRIERS TO EMPLOYMENT; CREATING JOBS; AND MAKING QUALITY, LOW-COST GOODS...

THE RETAIL PROGRAM IS A SOCIAL ENTERPRISE THAT BENEFITS THE COMMUNITY BY PROVIDING JOB TRAINING FOR INDIVIDUALS WITH BARRIERS TO EMPLOYMENT; CREATING JOBS; AND MAKING QUALITY, LOW-COST GOODS AVAILABLE SO THAT INDIVIDUALS, PARTICULARLY THOSE OF LIMITED MEANS, GET THE ITEMS THEY NEED AT AFFORDABLE PRICES. IN THE YEAR ENDED JUNE 30, 2019, GOODWILL'S RETAIL PROGRAM OPERATED 7 GOODWILL STORES THROUGHOUT THE PIONEER VALLEY. THE RETAIL PROGRAM PROVIDED JOBS AND JOB TRAINING OPPORTUNITIES IN SORTING, PREPARING AND DISTRIBUTING DONATED CLOTHING, AND HOUSEHOLD GOODS. THE RETAIL PROGRAM PROVIDED WORK EXPERIENCE AND A PAYCHECK FOR 93 INDIVIDUALS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $40,233

Program Service Revenue $6,335,863

Investment Income $70,725

Other Revenue $61,910

TOTAL REVENUE $6,508,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,738,720

Fundraising Expenses $0

Program Expenses $5,919,757

Other Expenses $3,039,493

TOTAL EXPENSES $6,778,213

Year-over-Year Comparison

	2018	2017	Change
Revenue	$6,508,731	$7,209,689	-0.1%
Expenses	$6,778,213	$7,451,946	-0.1%
Net Income	$-269,482	$-242,257	+0.1%

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

327

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL ANDREW	DIRECTOR	1.00	Director	$0	$0	$0
KAREN COPPOLA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DOUCETTE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL FRANCISCO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT P GITTENS ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARIA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
EJ LANDRY	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN MURPHY EDD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ORR JR	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JANE C EDMONDS JD	CHAIR	1.00	Officer Director	$0	$0	$0
MARY L REED	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NANCY L AUBREY	TREASURER	1.00	Officer Director	$0	$0	$0
SALLY MASON BOEMER	CLERK	1.00	Officer Director	$0	$0	$0
JOANNE K HILFERTY	PRESIDENT & CEO	5.00	Officer	$0	$0	$0
LAUREL FORD	VP OF FINANCE & CFO	5.00	Officer	$0	$0	$0

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
2019	$6,508,731	$6,778,213	$1,569,230	$-269,482

GOODWILL INDUSTRIES OF THE PIONEER VALLEY INC