OHIO VALLEY GOODWILL INDUSTRIES

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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

1916

Legal Domicile

Principal Officer

JOSEPH S BYRUM

Phone

5137714800

Tax Period

2023-01-01 to 2023-12-31

OHIO VALLEY GOODWILL INDUSTRIES, founded in 1916, is a mid-sized nonprofit that reported $42.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $37.5M left a modest 11% surplus.

Mission

THE MISSION OF OHIO VALLEY GOODWILL INDUSTRIES REHABILITATION CENTER, INC. IS TO PROVIDE VOCATIONAL REHABILITATION, TRAINING, AND EMPLOYMENT SERVICES TO INDIVIDUALS WITH EITHER DISABILITIES OR SOCIAL AND ECONOMIC BARRIERS TO FULL EMPLOYMENT

Program Service Accomplishments

Program 1

Expenses: $20,059,267 Revenue: $5,348,549

CONTRIBUTED GOODS/SHELTERED EMPLOYMENT - PROVIDED EMPLOYMENT FOR 1,088 SHELTERED EMPLOYEES, OVER 1,088 VOCATIONAL REHABILITATION SERVICE CLIENTS, AND RECYCLED OVER 44.56 MILLION POUNDS OF DONATED...

CONTRIBUTED GOODS/SHELTERED EMPLOYMENT - PROVIDED EMPLOYMENT FOR 1,088 SHELTERED EMPLOYEES, OVER 1,088 VOCATIONAL REHABILITATION SERVICE CLIENTS, AND RECYCLED OVER 44.56 MILLION POUNDS OF DONATED GOODS IN GOODWILL'S 19 RETAIL OUTLETS. GOODWILL'S GROSS REVENUE FROM DONATED INVENTORY ITEMS WAS $28,298,054 FOR 2023 WITH A NET REVENUE OF $5,374,408 AFTER FACTORING COST OF GOODS SOLD.

Program 2

Expenses: $6,295,177 Revenue: $5,844,141

REHABILITATION SERVICES - PROVIDES PROFESSIONAL AND COMPREHENSIVE VOCATIONAL REHABILITATION AND HOMELESS SERVICES TO MEN AND WOMEN WITH DISABILITIES AND DISADVANTAGING CONDITIONS. SERVED 2,208...

REHABILITATION SERVICES - PROVIDES PROFESSIONAL AND COMPREHENSIVE VOCATIONAL REHABILITATION AND HOMELESS SERVICES TO MEN AND WOMEN WITH DISABILITIES AND DISADVANTAGING CONDITIONS. SERVED 2,208 INDIVIDUALS IN 2023 AND PLACED 430 INTO COMPETITIVE EMPLOYMENT.

Program 3

Expenses: $4,259,751 Revenue: $4,088,041

INDUSTRIAL SERVICES - PROVIDES A LARGE VARIETY OF WORK OPPORTUNITIES FOR VOCATIONAL REHABILITATION CLIENTS TO GAIN NEEDED WORK SKILLS.

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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 $25,703,255

Program Service Revenue $9,481,730

Investment Income $1,169,228

Other Revenue $5,859,811

TOTAL REVENUE $42,214,024

Expense Breakdown

Grants Paid $525,402

Salaries & Benefits $25,558,789

Fundraising Expenses $308,921

Program Expenses $30,962,381

Other Expenses $11,420,577

TOTAL EXPENSES $37,504,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,214,024	$37,656,786	+0.1%
Expenses	$37,504,768	$33,974,958	+0.1%
Net Income	$4,709,256	$3,681,828	+0.3%

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

1508

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

$367,654

Total Directors

Key Employees

$230,896

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL COURTNEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KENDRA BACH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KEITH CHEESMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
SUE BURRESON	SERVICE GUILD PRESIDENT	1.00	Director	$0	$0	$0
KIMBERLY KOLENBRANDER-MAUER	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH WALTER	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
ZACH HORN	TRUSTEE	1.00	Director	$0	$0	$0
KATHY LAMPING-ARAR	TRUSTEE	1.00	Director	$0	$0	$0
UNIQUE KIZER	TRUSTEE	1.00	Director	$0	$0	$0
SHANE STATTERFIELD	TRUSTEE	1.00	Director	$0	$0	$0
ZACHARY KEMPTON	TRUSTEE	1.00	Director	$0	$0	$0
MARK HIEMSTRA	CEO	40.00	Officer	$330,485	$37,169	$367,654
JEFF EASTHAM	VP OF OPERATIONS	40.00	Key Emp	$200,252	$30,644	$230,896
JOSEPH BYRUM	SENIOR ADVISOR	40.00	Highest	$408,473	$39,103	$447,576
MICHAEL SPEED	CFO	40.00	Highest	$170,696	$29,296	$199,992
TODD SCHREIBER	DIRECTOR CONTRACTS	40.00	Highest	$136,520	$6,753	$143,273
G MICHAEL FLANNERY	CIO	40.00	Highest	$125,429	$5,781	$131,210
SHARON HANNON	MARKETING DIRECTOR	40.00	Highest	$115,908	$5,325	$121,233

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	$42,214,024	$37,504,768	$93,344,136	$4,709,256
2022	$37,656,786	$33,974,958	$84,022,879	$3,681,828
2021	$38,772,866	$33,156,262	$77,402,898	$5,616,604
2020	$35,482,373	$34,104,567	$69,237,551	$1,377,806
2019	$41,672,923	$39,460,237	$67,644,550	$2,212,686
2018	$45,552,189	$39,807,896	$64,418,890	$5,744,293