GOODWILL INDUSTRIES OF SOUTH CENTRAL VIRGINIA INC (EIN 237190326) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

CW VAN VALKENBURGH

Phone

4347922511

Tax Period

2020-07-01 to 2021-01-31

GOODWILL INDUSTRIES OF SOUTH CENTRAL VIRGINIA INC, founded in 1972, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2017. Revenue decreased 9% compared to the prior year.

Mission

SERVE PEOPLE WITH WORKPLACE DISADVANTAGES AND DISABILITIES BY PROVIDING JOB TRAINING AND EMPLOYMENT SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,786,297

TOTAL REVENUE $1,786,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,767

Fundraising Expenses $0

Other Expenses $20,511

TOTAL EXPENSES $53,278

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,786,297	$717,090	+1.5%
Expenses	$53,278	$788,400	-0.9%
Net Income	$1,733,019	$-71,310	-25.3%

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

N/A

Independent Members

N/A

Employees

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

$6,391

Total Directors

Key Employees

$23,727

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIJUANA HARRIS	TREASURER	1.00	Officer Director	$0	$0	$0
SHEILA BAYNES	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG ANDERSON	CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN FINNEY	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
E BARRY RICHMOND	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GREGORY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JANET HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
LASHAWN FARMER	DIRECTOR	1.00	Director	$0	$0	$0
WOODY VAN VALKENBURG	INTERIM PRESIDENT/CEO	4.00	Officer	$6,391	$0	$6,391
PENNY LEWIS	VICE PRESIDENT OF FINANCE	5.00	Key Emp	$23,727	$0	$23,727

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
2021	$1,786,297	$53,278	No data	$1,733,019
2020	$717,090	$788,400	$324,466	$-71,310
2019	$4,561,162	$4,802,041	$7,060,086	$-240,879
2018	$4,766,997	$5,002,302	$7,393,841	$-235,305

GOODWILL INDUSTRIES OF SOUTH CENTRAL VIRGINIA INC