GOODWILL INDUSTRIES OF MONOCACY VALLEY INC

EIN: 237047548 501(c)(3)

FREDERICK, MD

Total Revenue
$13,170,888
Total Expenses
$15,295,480
Total Assets
N/A
Net Assets
N/A
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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
MD
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

GIMV CREATES HOPE, JOBS, AND FUTURES IN THE LOCAL COMMUNITY BY PROVIDING EMPLOYMENT ASSISTANCE.

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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%)

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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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Governance

Voting Members
10
Independent Members
10
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
7
$499,142
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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