Goodwill Industries of Tenneva Area Inc

EIN: 237217515 501(c)(3)

Kingsport, TN

Total Revenue
$16,029,766
Total Expenses
$15,430,380
Total Assets
$19,518,091
Net Assets
$9,242,533
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
VA
Principal Officer
Morris Baker
Phone
4232450600
Tax Period
2024-01-01 to 2024-12-31

Goodwill Industries of Tenneva Area Inc, founded in 1972, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $15.4M left a modest 4% surplus.

Mission

To assist with the disabilities and other barriers to employment in achieving greater independence and self-esteem through comprehensive job training and employment services. The training and services provided are designed to improve their ability to become self-supportive.

Program Service Accomplishments

Program 1
Expenses: $13,103,971

The organization worked to complete its mission of assisting individuals with disabilities and other barriers to employment by serving clients through community employment services by utilizing job...

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The organization worked to complete its mission of assisting individuals with disabilities and other barriers to employment by serving clients through community employment services by utilizing job placement services or supported employment 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,810,397
Program Service Revenue $600,802
Investment Income $27,649
Other Revenue $8,590,918
TOTAL REVENUE $16,029,766

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,934,123
Fundraising Expenses $0
Program Expenses $13,103,971
Other Expenses $4,496,257
TOTAL EXPENSES $15,430,380

Year-over-Year Comparison

2024 2023 Change
Revenue $16,029,766 $14,447,170 +0.1%
Expenses $15,430,380 $13,762,601 +0.1%
Net Income $599,386 $684,569 -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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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
432
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
$151,706
Total Directors
10
$151,706
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wayne Morris Baker President/CEO 040.00
Officer Director
$151,706 $0 $151,706
Jack Lawson Director N/A
Director
$0 $0 $0
Gale Manley Director N/A
Director
$0 $0 $0
Stephanie McClellan Director N/A
Director
$0 $0 $0
Rick Miller Director N/A
Director
$0 $0 $0
Karen Rowell Director N/A
Director
$0 $0 $0
Wally Boyd Director N/A
Director
$0 $0 $0
Bill Hamilton Director N/A
Director
$0 $0 $0
Josh Fuller Director N/A
Director
$0 $0 $0
Joe Harvey Director N/A
Director
$0 $0 $0
Tracey Stratton Treasurer 001.00
Officer
$0 $0 $0
Megan Helton Secretary 001.00
Officer
$0 $0 $0
Amanda Bowlin Past Chair 001.00
Officer
$0 $0 $0
Steve Hightower Vice Chair 001.00
Officer
$0 $0 $0
Bill Forrester Chair 001.00
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
2024 $16,029,766 $15,430,380 $19,518,091 $599,386
2023 $14,447,170 $13,762,601 $18,082,989 $684,569
2022 $13,108,947 $11,855,557 $11,281,795 $1,253,390
2021 $12,440,556 $9,078,653 $9,947,563 $3,361,903
2020 $6,842,387 $7,692,977 $7,401,547 $-850,590
2019 $8,661,104 $8,698,310 $7,171,656 $-37,206
2018 $6,793,460 $6,579,688 $6,560,288 $213,772
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