GOODWILL INDUSTRIES OF MONOCACY VA… - 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

1969

Legal Domicile

Principal Officer

SUSAN BARNES

Phone

3016636893

Tax Period

2020-01-01 to 2020-10-31

GOODWILL INDUSTRIES OF MONOCACY VALLEY INC, founded in 1969, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $15.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION CREATES HOPE, JOBS, AND FUTURES IN THE LOCAL COMMUNITY BY PROVIDING ASSISTANCE TO PERSONS WITH DISABILITIES AND VOCATIONALLY DISABLING CONDITIONS AND THOSE WITH OTHER CHALLENGES TO EMPLOYMENT. THE ORGANIZATION PROVIDES JOB TRAINING, JOB PLACEMENT, COMPUTER TRAINING, JOB RETENTION AND JOB COACHING SERVICES.

Program Service Accomplishments

Program 1

Expenses: $11,461,293 Revenue: $11,352,407

RETAIL SALES OF DONATED GOODS - THE SALE OF DONATED GOODS ACCOUNTS FOR 94% OF THE REVENUES GENERATED BY THE TWO MOST SIGNIFICANT PROGRAM SERVICES OF THE ORGANIZATION. SALE OF DONATED GOODS FUNDS THE ORGANIZATION'S MISSION BY CREATING JOBS, JOB TRAINING, AND JOB COACHING FOR THOSE WITH CHALLENGES TO EMPLOYMENT AND THE PROFITS ARE USED TO FUND PROGRAMS NOT SUPPORTED BY OTHER MEANS.

Program 2

Expenses: $1,101,197 Revenue: $678,981

EMPLOYMENT SERVICES - EMPLOYMENT SERVICES PROGRAMS ARE DESIGNED TO PROVIDE LIFE, JOB, AND SOCIAL SKILLS TO THOSE WITH DISABILITIES AND OTHERS WITH BARRIERS TO EMPLOYMENT WHO WOULD OTHERWISE NOT BE...

EMPLOYMENT SERVICES - EMPLOYMENT SERVICES PROGRAMS ARE DESIGNED TO PROVIDE LIFE, JOB, AND SOCIAL SKILLS TO THOSE WITH DISABILITIES AND OTHERS WITH BARRIERS TO EMPLOYMENT WHO WOULD OTHERWISE NOT BE EMPLOYABLE. PARTICIPANTS ARE ABLE TO SOCIALLY INTERACT WITH OTHER INDIVIDUALS AND ARE ABLE TO FEEL A SENSE OF ACCOMPLISHMENT FOR COMPLETING ASSIGNED TASKS. THESE PROGRAMS ARE FUNDED BY GRANTS FROM THE MARYLAND DEPARTMENT OF HEALTH AND MARYLAND DIVISION OF REHABILITATION SERVICES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $679,231

Program Service Revenue $11,352,407

Investment Income $1,038,988

Other Revenue $100,262

TOTAL REVENUE $13,170,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,904,975

Fundraising Expenses $75,000

Program Expenses $12,562,490

Other Expenses $7,390,505

TOTAL EXPENSES $15,295,480

Year-over-Year Comparison

	2020	2019	Change
Revenue	$13,170,888	$18,155,350	-0.3%
Expenses	$15,295,480	$18,933,722	-0.2%
Net Income	$-2,124,592	$-778,372	+1.7%

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

623

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

$499,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE SILHAVY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KATIE BARKDOLL	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH DONEGAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GAYON SAMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY FRAGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FIESELER	DIRECTOR	1.00	Director	$0	$0	$0
LUCY TANNOZZINI	SECRETARY	1.00	Officer Director	$0	$0	$0
DR LIBBY BURMASTER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MCKENNY	DIRECTOR	1.00	Director	$0	$0	$0
DANNY FARRAR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MEYER	CEO	50.00	Officer	$158,711	$6,902	$165,613
STEVEN KROTONSKY	PRESIDENT	40.00	Officer	$151,511	$0	$151,511
CHRISTOPHER HOTALING	CFO	50.00	Officer	$162,414	$19,604	$182,018

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
2020	$13,170,888	$15,295,480	No data	$-2,124,592
2019	$18,155,350	$18,933,722	$10,634,880	$-778,372
2018	$18,332,322	$16,645,378	$10,244,571	$1,686,944

GOODWILL INDUSTRIES OF MONOCACY VALLEY INC