GOODWILL WORKS FOUNDATION INC (EIN 262741240) - 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

2008

Legal Domicile

Principal Officer

JAMES K STIFF

Phone

4784759995

Tax Period

2024-01-01 to 2024-12-31

GOODWILL WORKS FOUNDATION INC, founded in 2008, is a community nonprofit in the Employment sector that reported $2.1M in total revenue in fiscal year 2018. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 64% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO SUPPORT THE MISSION OF GOODWILL INDUSTRIES OF MIDDLE GEORGIA, INC. (GIMG), TO HOLD AND ACQUIRE CAPITAL RESOURCES SUCH AS REAL ESTATE FOR GIMG; TO LEAD ANNUAL CAMPAIGNS; TO ASSIST INDIVIDUALS WITH PLANNED GIVING, ESTATE BEQUESTS AND INSTITUTIONAL ADVANCEMENT CAMPAIGNS; TO PREPARE AND SUBMIT GRANT REQUESTS FOR GIMG; AND TO RAISE AND DEVELOP CAPITAL AND PROGRAMMATIC AND SCHOLARSHIP FUNDS THAT ASSIST PEOPLE WITH BARRIERS TO EMPLOYMENT AND CAREER ADVANCEMENT TO EXPERIENCE ECONOMIC INDEPENDENCE AND A FULL PORTION OF THE AMERICAN DREAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,667,394

Program Service Revenue $0

Investment Income $42,024

Other Revenue $61,937

TOTAL REVENUE $2,771,355

Expense Breakdown

Grants Paid $939,846

Salaries & Benefits $0

Fundraising Expenses $663,070

Program Expenses $939,846

Other Expenses $663,070

TOTAL EXPENSES $1,602,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,771,355	$806,370	+2.4%
Expenses	$1,602,916	$2,100,555	-0.2%
Net Income	$1,168,439	$-1,294,185	-1.9%

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

N/A

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

Total Directors

$814,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES K STIFF VOTING	EX OFFICIO	2.00	Director	$0	$51,773	$814,264
DR DEWAYNE CUFFIE	CMO	5.00	Highest	$0	$35,497	$276,044
JENNIFER TYNER	VP MARKETING	38.00	Highest	$0	$31,903	$212,967
LAURIE THARPE	VP CONTROLLER	1.00	Highest	$0	$20,648	$207,118
DOUG NEWSOME	VP ADMINISTRATION	2.00	Highest	$0	$29,866	$198,175
CHARLES SMITH	CFO - 1/1/24-8/1/24	1.00	Highest	$0	$13,091	$161,433
NAN WILLIAMS	CHAIR	1.00	Officer Director	$0	$0	$0
RUTH KNOX	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAYMOND SMITH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DR JOHN DAVID	EX OFFICIO	1.00	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	$2,771,355	$1,602,916	$7,373,478	$1,168,439
2023	$806,370	$2,100,555	$6,203,550	$-1,294,185
2022	$2,082,201	$5,546,185	$7,502,058	$-3,463,984
2021	$1,295,896	$2,857,442	$10,968,975	$-1,561,546
2020	$10,829,258	$808,688	$12,532,133	$10,020,570
2019	$1,020,007	$859,971	$2,361,411	$160,036
2018	$2,117,499	$756,993	$2,217,728	$1,360,506

GOODWILL WORKS FOUNDATION INC