GOODWILL WORKS OF THE CHESAPEAKE INC

EIN: 260635788 501(c)(3) Philanthropy & Grantmaking

BALTIMORE, MD

Total Revenue
$1,661,242
Total Expenses
$1,661,242
Total Assets
$933,862
Net Assets
$-30,786
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MD
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

TO PROVIDE EMPLOYMENT AND TRAINING OPPORTUNITIES FOR PEOPLE WITH DISABILITIES AND OTHER INDIVIDUALS WITH SPECIAL NEEDS. TO PROVIDE ASSISTANCE WITH ATTAINING FULL VOCATIONAL, SOCIAL, CULTURAL, MORAL, MENTAL AND ECONOMIC DEVELOPMENT, AND GENERAL FULL PARTICIPATION IN SOCIETY THROUGH SKILLFUL APPLICATION OF THE TECHNIQUES OF REHABILITATION AND GUIDANCE.

Program Service Accomplishments

Program 1
Expenses: $1,473,747 Revenue: $1,654,970

GOODWILL WORKS OF THE CHESAPEAKE, INC. IS A SUPPORTING ORGANIZATION OF GOODWILL INDUSTRIES OF THE CHESAPEAKE, INC. REVENUE GENERATED FROM OUR VARIOUS BUSINESS FUNCTIONS IS USED TO SUPPORT OUR MISSION...

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GOODWILL WORKS OF THE CHESAPEAKE, INC. IS A SUPPORTING ORGANIZATION OF GOODWILL INDUSTRIES OF THE CHESAPEAKE, INC. REVENUE GENERATED FROM OUR VARIOUS BUSINESS FUNCTIONS IS USED TO SUPPORT OUR MISSION AND COVER THE COSTS OF OPERATING THE BUSINESSES. 253 INDIVIDUALS WITH PHYSICAL, MENTAL, OR OTHER SOCIAL BARRIERS TO EMPLOYMENT RECEIVED SERVICES THROUGH CAREER DEVELOPMENT IN 2024, INCLUDING 246 PEOPLE PLACED INTO TEMPORARY AND TRAINING POSITIONS.

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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 $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

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Governance

Voting Members
9
Independent Members
8
Employees
926
Volunteers
8

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
$705,060
Total Directors
9
$705,060
Key Employees
0
$0
Highest Compensated
0
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
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