GOODWILL INDUSTRIES OF THE VALLEY … - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

RICHMOND J VINCENT JR

Phone

5405810620

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF THE VALLEY WORKS, founded in 2009, is a major nonprofit in the Human Services sector that reported $105.5M in total revenue in fiscal year 2023.

Mission

GOODWILL'S MISSION IS TO EMPOWER INDIVIDUALS, STRENGTHEN FAMILIES, AND INSPIRE COMMUNITIES THROUGH JOB SKILLS TRAINING AND WORK PLACEMENT OPPORTUNITIES WITH A MULTI-GENERATIONAL APPROACH FOCUSED ON REMOVING BARRIERS.

Program Service Accomplishments

Program 1

Expenses: $92,690,582 Revenue: $47,671,943

DONATED GOODS - GOODWILL COLLECTS ITEMS THAT THE PUBLIC NO LONGER NEEDS AT COMMUNITY DONATION CENTERS AND SELLS THESE ITEMS IN RETAIL STORES THAT IT OPERATES. DONATED ITEMS THAT ARE SOLD IN STORES...

DONATED GOODS - GOODWILL COLLECTS ITEMS THAT THE PUBLIC NO LONGER NEEDS AT COMMUNITY DONATION CENTERS AND SELLS THESE ITEMS IN RETAIL STORES THAT IT OPERATES. DONATED ITEMS THAT ARE SOLD IN STORES INCLUDE CLOTHING, SHOES, TOYS, HOUSEHOLD GOODS, FURNITURE, SMALL ELECTRONICS, AND VARIOUS OTHER ITEMS. THE REVENUES GENERATED FROM STORE SALES HELP TO FUND THE ORGANIZATION'S SKILLS TRAINING, JOB PLACEMENT, AND SUPPORT SERVICES TO HELP PEOPLE ACHIEVE THEIR GREATEST POTENTIAL. THIS FUNDING SUPPORTS BOTH GOODWILL INDUSTRIES OF THE VALLEY WORKS AND ITS PARENT COMPANY GOODWILL INDUSTRIES OF THE VALLEYS, INC.

Program 2

Expenses: $3,189,643 Revenue: $2,900,156

BUSINESS SERVICES - GOODWILL PROVIDES OUTSOURCING SOLUTIONS TO AREA BUSINESSES IN FIELDS SUCH AS MANUFACTURING, PRODUCTION AND ASSEMBLY, AND CUSTODIAL. INDIVIDUALS WITH DISABILITIES AND OTHER...

BUSINESS SERVICES - GOODWILL PROVIDES OUTSOURCING SOLUTIONS TO AREA BUSINESSES IN FIELDS SUCH AS MANUFACTURING, PRODUCTION AND ASSEMBLY, AND CUSTODIAL. INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT WORK WITH OTHERS IN THESE JOBS THAT ARE PERFORMED AT EITHER AN AREA BUSINESS OR AT A GOODWILL FACILITY. BUSINESS SERVICES NOT ONLY PROVIDES PAID WORK OPPORTUNITIES FOR INDIVIDUALS IN GOODWILL PROGRAMS BUT ALSO PROVIDES REVENUE TO SUPPORT BOTH GOODWILL INDUSTRIES OF THE VALLEY WORKS AND ITS PARENT COMPANY GOODWILL INDUSTRIES OF THE VALLEYS, INC.

Program 3

Expenses: $4,536,522 Revenue: $3,504,696

SALVAGE - IF DONATED ITEMS THAT ARE COLLECTED BY THE ORGANIZATION (SEE 4A ABOVE) CANNOT BE SOLD IN THE RETAIL STORES, GOODWILL MAKES EVERY EFFORT TO RECYCLE THESE ITEMS THROUGH THIRD-PARTY COMPANIES. THESE ITEMS ARE SOLD ON A PER POUND BASIS TO THESE COMPANIES, WHICH IN TURN RECYCLE OR REUSE THE PRODUCT. GOODWILL SALVAGE OPERATIONS PROVIDES CRITICAL REVENUES TO SUPPORT GOODWILL PROGRAMS AND BOTH GOODWILL INDUSTRIES OF THE VALLEY WORKS AND ITS PARENT COMPANY GOODWILL INDUSTRIES OF THE VALLEYS, INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $51,429,104

Program Service Revenue $54,076,763

Investment Income $3,282

Other Revenue $33,352

TOTAL REVENUE $105,542,501

Expense Breakdown

Grants Paid $4,000,000

Salaries & Benefits $27,149,466

Fundraising Expenses $0

Program Expenses $100,416,747

Other Expenses $74,625,654

TOTAL EXPENSES $105,775,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,542,501	$108,774,597	0.0%
Expenses	$105,775,120	$104,300,307	+0.0%
Net Income	$-232,619	$4,474,290	-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

Governance

Voting Members

Independent Members

Employees

1514

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

$2,384,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW CHURCHILL	CHAIR	1.00	Officer Director	$0	$0	$0
AARON BOUSH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN WOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
SAM WORTHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BRADNEY	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS BURCHETT	DIRECTOR	1.00	Director	$0	$0	$0
LISA CLAUSE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FINNEY	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL GATZKE	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY LEE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY LONGSHORE	TREASURER	1.00	Officer Director	$0	$0	$0
GLORIA MANNS	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA UMBERGER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELIA VERNON	DIRECTOR	1.00	Director	$0	$0	$0
AUTUMN VISSER	DIRECTOR	1.00	Director	$0	$0	$0
LORI CAULEY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA LUPIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PROVO	DIRECTOR	1.00	Director	$0	$0	$0
RICHMOND VINCENT	PRESIDENT & CEO	1.00	Officer	$0	$22,973	$298,644
JACKSON G GREEN	CHIEF FINANCIAL OFFICER &	1.00	Officer	$0	$20,410	$218,728
RACHEL PUTNUM	CHIEF STRATEGY & PEOPLE OF	1.00	Officer	$0	$12,796	$187,896
MINDY BOYD	CHIEF OPERATIONS OFFICER	40.00	Officer	$202,006	$12,779	$214,785
BRENDA MOORE	CHIEF INFORMATION OFFICER	1.00	Officer	$0	$10,800	$211,883
JIM FORER	VICE PRESIDENT	40.00	Officer	$145,214	$4,947	$150,161
BRANDY TABOR	VICE PRESIDENT	1.00	Officer	$0	$9,618	$121,112
MARY ANN GILMER	CHIEF EXTERNAL AFFAIRS OFFICER	1.00	Officer	$0	$5,277	$181,935
STEPHANIE SMOOT	VICE PRESIDENT	1.00	Officer	$0	$12,724	$116,910
STEPHANIE HOER	VICE PRESIDENT	1.00	Officer	$0	$13,450	$150,282
PHILLIP FRENCH	VICE PRESIDENT	1.00	Officer	$0	$4,711	$138,736
CHRIS CONNER	VICE PRESIDENT	1.00	Officer	$0	$13,327	$132,403
ZENITH BARRETT	VICE PRESIDENT	1.00	Officer	$0	$14,670	$124,066
DONNA STUCKER	CHIEF PHILANTHROPY OFFICER	1.00	Officer	$0	$8,573	$137,221
SHARON HODGES	DIRECTOR OF RE & ASSET MGMT	1.00	Highest	$0	$3,683	$105,066

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	No data	No data	No data	No data
2023	$105,542,501	$105,775,120	$36,763,964	$-232,619
2022	$108,774,597	$104,300,307	$39,096,894	$4,474,290
2021	$106,358,357	$98,493,735	$35,659,269	$7,864,622
2020	$73,534,458	$76,400,961	$30,569,739	$-2,866,503
2019	$81,982,583	$79,305,687	$35,490,877	$2,676,896
2018	$76,399,454	$75,847,078	$33,734,518	$552,376

GOODWILL INDUSTRIES OF THE VALLEY WORKS