GOODWILL WORKS OF THE CHESAPEAKE INC (EIN 260635788) - 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

2007

Legal Domicile

Principal Officer

LISA RUSYNIAK

Phone

4108371800

Tax Period

2024-01-01 to 2024-12-31

GOODWILL WORKS OF THE CHESAPEAKE INC, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2024.

Mission

A SUPPORTING ORGANIZATION FOR THE BENEFIT AND SUPPORT OF GOODWILL INDUSTRIES OF THE CHESAPEAKE, INC., A MARYLAND CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE.

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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 $0

Program Service Revenue $1,654,970

Investment Income $6,272

Other Revenue $0

TOTAL REVENUE $1,661,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,527,296

Fundraising Expenses $4,770

Program Expenses $1,473,747

Other Expenses $133,946

TOTAL EXPENSES $1,661,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,661,242	$1,652,455	+0.0%
Expenses	$1,661,242	$1,683,241	0.0%
Net Income	$0	$-30,786	-1.0%

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

926

Volunteers

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

$705,060

Total Directors

$705,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA RUSYNIAK	PRESIDENT/CEO	0.50	Officer Director	$0	$43,655	$705,060
JOE DURHAM	CHAIR	0.50	Officer Director	$0	$0	$0
OLIVIA FARROW	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAVID DOWNEY	IMMEDIATE PAST CHAIR	0.50	Officer Director	$0	$0	$0
JEFF JACOBSON	TREASURER	0.50	Officer Director	$0	$0	$0
KIM CLARK	SECRETARY	0.50	Officer Director	$0	$0	$0
JAYNE MILLER	DIRECTOR	0.50	Director	$0	$0	$0
PETE CHESNER	DIRECTOR	0.50	Director	$0	$0	$0
DEAN KENDERDINE	DIRECTOR	0.50	Director	$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	$1,661,242	$1,661,242	$933,862	No data
2023	$1,652,455	$1,683,241	$1,091,710	$-30,786
2022	$1,477,097	$1,477,097	$2,608,882	No data
2021	$1,594,900	$1,594,900	$1,182,746	No data
2020	$1,514,745	$1,514,745	$468,837	No data
2019	$2,186,318	$2,186,318	$2,013,083	No data
2018	$1,952,646	$1,952,646	$2,795,156	No data

GOODWILL WORKS OF THE CHESAPEAKE INC