MEMPHIS GOODWILL INC

EIN: 263445007 501(c)(3) Human Services

MEMPHIS, TN

Total Revenue
$51,133,905
Total Expenses
$50,983,597
Total Assets
$51,485,663
Net Assets
$7,795,097
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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
2008
Legal Domicile
TN
Principal Officer
MICHAEL MARTINI
Phone
9013236221
Tax Period
2024-01-01 to 2024-12-31

MEMPHIS GOODWILL INC, founded in 2008, is a mid-sized nonprofit in the Human Services sector that reported $51.1M in total revenue in fiscal year 2024.

Mission

TO CHANGE THE LIVES OF PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT THROUGH THE POWER OF WORK, EDUCATION, AND EMPOWERMENT.

Program Service Accomplishments

Program 1
Expenses: $45,793,375 Revenue: $31,844,965

MEMPHIS GOODWILL ACCEPTS CLOTHING AND OTHER HOUSEHOLD DONATED GOODS FROM THE PUBLIC AND SELLS THESE DONATIONS IN GOODWILL COMMUNITY-BASED RETAIL STORES. REVENUE FROM THE SALE OF THE DONATED GOODS...

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MEMPHIS GOODWILL ACCEPTS CLOTHING AND OTHER HOUSEHOLD DONATED GOODS FROM THE PUBLIC AND SELLS THESE DONATIONS IN GOODWILL COMMUNITY-BASED RETAIL STORES. REVENUE FROM THE SALE OF THE DONATED GOODS GOES DIRECTLY TOWARD SUPPORTING GOODWILL'S MISSION OF CHANGING THE LIVES OF PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT THROUGH THE POWER OF WORK, EDUCATION AND EMPOWERMENT.

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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 $18,099,240
Program Service Revenue $31,844,965
Investment Income $1,189,700
Other Revenue $0
TOTAL REVENUE $51,133,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,315,659
Fundraising Expenses $0
Program Expenses $45,793,375
Other Expenses $33,667,938
TOTAL EXPENSES $50,983,597

Year-over-Year Comparison

2024 2023 Change
Revenue $51,133,905 $47,631,419 +0.1%
Expenses $50,983,597 $48,703,765 +0.0%
Net Income $150,308 $-1,072,346 -1.1%
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

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Governance

Voting Members
13
Independent Members
12
Employees
1368
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
2
$457,515
Total Directors
13
$457,515
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY MARTINI PRESIDENT/CEO 40.00
Officer Director
$442,132 $15,383 $457,515
BRIAN WILLIAMS CHAIRMAN 2.00
Officer Director
$0 $0 $0
DEACON BILL DAVIS BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL ROBILIO BOARD MEMBER 2.00
Director
$0 $0 $0
MACKY SNEED BOARD MEMBER 2.00
Director
$0 $0 $0
CHAD HARRELL BOARD MEMBER 2.00
Director
$0 $0 $0
TERRI LANDWEHR BOARD MEMBER 2.00
Director
$0 $0 $0
BRANDON TOLBERT BOARD MEMBER 2.00
Director
$0 $0 $0
AMY WEIRICH BOARD MEMBER 2.00
Director
$0 $0 $0
ANDY MCCLELLAND BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLES BARNES BOARD MEMBER 2.00
Director
$0 $0 $0
DR PATRICK WASHINGTON BOARD MEMBER 2.00
Director
$0 $0 $0
MELANIE MYERS-BLAND BOARD MEMBER 2.00
Director
$0 $0 $0
TINA BLACKMON SR VP OF OPERATIONS 40.00
Highest
$233,356 $7,592 $240,948
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 $51,133,905 $50,983,597 $51,485,663 $150,308
2023 $47,631,419 $48,703,765 $54,175,429 $-1,072,346
2022 $42,458,476 $41,658,923 $55,639,127 $799,553
2021 $45,591,658 $44,290,839 $14,007,332 $1,300,819
2020 $39,184,188 $39,327,067 $14,405,743 $-142,879
2019 $46,080,209 $46,059,600 $15,871,222 $20,609
2018 $42,979,029 $42,735,714 $16,279,685 $243,315
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