GOODWILL INDUSTRIES OF THE BERKSHI… - 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

1956

Legal Domicile

Phone

4134420061

Tax Period

2023-07-01 to 2024-06-30

GOODWILL INDUSTRIES OF THE BERKSHIRES AND SOUTHERN VERMONT INC, founded in 1956, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023.

Mission

To help community members with barriers to employment attain independence and self-sufficiency, gain confidence, and enhance their quality of life, through vocational education, work training, and other support services.

Program Service Accomplishments

Program 1

Expenses: $6,312,322

Donated Goods and Retail Program Services for the Goodwill Industries of the Berkshires and Southern Vermont, Inc., utilizes its warehouse and stores to provide training programs to members of the...

Donated Goods and Retail Program Services for the Goodwill Industries of the Berkshires and Southern Vermont, Inc., utilizes its warehouse and stores to provide training programs to members of the community seeking job readiness skills.Goodwill accepts clothing and household wares from the public and sell these items in the community based retail stores. Net revenue from the sales of these items provides financial support toward developing and supporting vocational programs.

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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 $89,802

Program Service Revenue $7,140,196

Investment Income $6,501

Other Revenue $0

TOTAL REVENUE $7,236,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,354,645

Fundraising Expenses $0

Program Expenses $6,312,322

Other Expenses $3,116,109

TOTAL EXPENSES $7,470,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,236,499	$6,966,279	+0.0%
Expenses	$7,470,754	$6,854,570	+0.1%
Net Income	$-234,255	$111,709	-3.1%

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

283

Volunteers

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
DAVID TWIGGS	CEO	40.00		$128,699	$6,074	$134,773
LISA MCCORMACK	CHAIR	1.00	Officer Director	$0	$0	$0
GARRY BEATY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER KRUCZKOWSKI	Treasurer	1.00	Officer Director	$0	$0	$0
JENNIFER GALVAGNI CARPENTER	Secretary	1.00	Officer Director	$0	$0	$0
ROBERT T SYKES	Director	1.00	Director	$0	$0	$0
MIRIAM MADURO	Director	1.00	Director	$0	$0	$0
BRIAN ASTORINO	Director	1.00	Director	$0	$0	$0
REV RALPH HOWE	Director	1.00	Director	$0	$0	$0
LEONARD PATNODE	Director	1.00	Director	$0	$0	$0
PHIL MASSERY	Director	1.00	Director	$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
2025	No data	No data	No data	No data
2024	$7,236,499	$7,470,754	$9,339,138	$-234,255
2023	$6,966,279	$6,854,570	$9,407,604	$111,709
2022	$5,923,372	$5,015,271	$1,961,231	$908,101
2021	$4,777,203	$4,212,714	$1,470,922	$564,489
2020	$3,480,344	$3,988,847	$950,040	$-508,503
2019	$4,022,608	$3,944,839	$788,053	$77,769

GOODWILL INDUSTRIES OF THE BERKSHIRES AND SOUTHERN VERMONT INC