Goodwill Industries of Tenneva Area Inc (EIN 237217515) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

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

Enriching lives through employment services to disabled and disadvantaged individuals.

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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 (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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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

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

$151,706

Total Directors

$151,706

Key Employees

Highest Compensated

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

Goodwill Industries of Tenneva Area Inc