Goodwill Industries of South (EIN 310917970) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

Marvin Jones

Tax Period

2023-01-01 to 2023-12-31

Goodwill Industries of South, founded in 1977, is a mid-sized nonprofit in the Employment sector that reported $11.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $10.8M left a modest 9% surplus.

Mission

Through the processing and sale of donated merchandise, we provide employment and training services to improve the quality of life and employment opportunities for individuals with disabilities and disadvantages.

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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 $17,278

Program Service Revenue $3,780,554

Investment Income $20,577

Other Revenue $7,969,886

TOTAL REVENUE $11,788,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,968,225

Fundraising Expenses $139,707

Program Expenses $9,465,853

Other Expenses $3,817,135

TOTAL EXPENSES $10,785,360

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,788,295	$10,253,264	+0.1%
Expenses	$10,785,360	$9,138,298	+0.2%
Net Income	$1,002,935	$1,114,966	-0.1%

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

546

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

$220,574

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marvin Jones	CEO	40.00	Officer	$140,653	$0	$140,653
Wanda Lanzer	CFO	40.00	Officer	$79,921	$0	$79,921
Jan Green	Trustee	1.00	Director	$0	$0	$0
Scott Nusbaum	Trustee	1.00	Director	$0	$0	$0
Karen McKee	Trustee	1.00	Director	$0	$0	$0
Krista Spetnagel	Trustee	1.00	Director	$0	$0	$0
Heather Clark	Trustee	1.00	Director	$0	$0	$0
Jamey Popp	Trustee	1.00	Director	$0	$0	$0
Dave Strickland	Secretary	1.00	Officer	$0	$0	$0
Bill Beatty	Vice Chair	1.00	Officer	$0	$0	$0
Jim Hill	Chairman	1.00	Officer	$0	$0	$0
Bill Knoles	Treasurer	1.00	Officer	$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	No data	No data	No data	No data
2023	$11,788,295	$10,785,360	$20,811,351	$1,002,935
2023	$11,788,295	$10,785,360	$20,811,351	$1,002,935
2022	$10,253,264	$9,138,298	$15,731,013	$1,114,966
2021	$9,567,788	$7,571,031	$4,582,046	$1,996,757
2020	$6,872,143	$5,846,960	$4,250,047	$1,025,183
2019	$5,937,196	$5,373,839	$2,007,887	$563,357
2018	$5,115,234	$5,114,147	$1,153,566	$1,087

Goodwill Industries of South