THE GOODWILL INDUSTRIES OF AKRON OHIO INC (EIN 340252230) - 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

1927

Legal Domicile

Principal Officer

NANCY ELLIS MCCLENAGHAN

Phone

3307246995

Tax Period

2024-01-01 to 2024-12-31

THE GOODWILL INDUSTRIES OF AKRON OHIO INC, founded in 1927, is a mid-sized nonprofit that reported $27.2M in total revenue in fiscal year 2024.

Mission

TO HELP PEOPLE FIND AND RETAIN EMPLOYMENT BY SELLING DONATED GOODS AND PROVIDING TRAINING SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,871,692

Program Service Revenue $21,389,479

Investment Income $820,507

Other Revenue $81,799

TOTAL REVENUE $27,163,477

Expense Breakdown

Grants Paid $80,775

Salaries & Benefits $13,863,675

Fundraising Expenses $73,100

Program Expenses $24,751,836

Other Expenses $13,335,466

TOTAL EXPENSES $27,279,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,163,477	$27,433,380	0.0%
Expenses	$27,279,916	$26,983,826	+0.0%
Net Income	$-116,439	$449,554	-1.3%

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

956

Volunteers

144

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

$749,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC SERVODIO CFP	CHAIR UNTIL 4/24	1.00	Officer Director	$0	$0	$0
JEANA M SINGLETON	CHAIR BEGINNING 4/2024	1.00	Officer Director	$0	$0	$0
JULIE KATZ	1ST VICE CHAIR BEGINNING 4/24	1.00	Officer Director	$0	$0	$0
SUSAN HANLON PH D	2ND VICE CHAIR UNTIL 4/24	1.00	Officer Director	$0	$0	$0
AMANDA BARNA	2ND VICE CHAIR BEGINNING 4/24	1.00	Officer Director	$0	$0	$0
DAVID BUCCI	TREASURER	1.00	Officer Director	$0	$0	$0
KIMBERLY D HUFF	SECRETARY UNTIL 4/24	1.00	Officer Director	$0	$0	$0
LAURA JUDGE	SECRETARY BEGINNING 4/24	1.00	Officer Director	$0	$0	$0
ABDULLAH ALKHULAIWI	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN HOLBERT BEYNON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL C BUSER ESQ CPCU	DIRECTOR UNTIL 4/24	1.00	Director	$0	$0	$0
LYNN M CLARK	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD CLUPPER II	DIRECTOR UNTIL 4/24	1.00	Director	$0	$0	$0
CHARLES E DUCEY JR	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY M GILBO	DIRECTOR	1.00	Director	$0	$0	$0
LEA JALBERT MBA	DIRECTOR	1.00	Director	$0	$0	$0
GRETA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT KELLY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN T KIRKLAND	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS KLEIN CPA EA	DIRECTOR UNTIL 4/24	1.00	Director	$0	$0	$0
JOSEPH MANOLAS CPA	DIRECTOR UNTIL 4/24	1.00	Director	$0	$0	$0
ALYSSA MCCLAIN CPA MTAX	DIRECTOR	1.00	Director	$0	$0	$0
CHRISSY MYERS	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN E PARKE	DIRECTOR	1.00	Director	$0	$0	$0
VICKI SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
DIANE SMITH	DIRECTOR UNTIL 1/24	1.00	Director	$0	$0	$0
JEFF STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SNYDER ABRM CRS E-PRO GRE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE C SWANN CPAABV CFE	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY TESTA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
HATTIE M TRACY MSW LISW-S LCDCIII	DIRECTOR	1.00	Director	$0	$0	$0
KELLY N WIERZCHOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES A ZONFA MD MBA	DIRECTOR	1.00	Director	$0	$0	$0
NANCY ELLIS MCCLENAGHAN	PRESIDENT & CEO	40.00	Officer	$163,722	$28,521	$192,243
DOROTHEA NALL	VP, RETAIL OPERATIONS	40.00	Officer	$114,279	$27,819	$142,098
CHERYL WATKINS	VP, OPERATIONS & LOGISTICS	40.00	Officer	$102,984	$22,567	$125,551
LAURA WALKER	VP, MISSION SERVICES	40.00	Officer	$106,088	$43,470	$149,558
JUDITH BECKER	DIR. OF FIN. RPTG & ACCT. UNTIL 3/24	40.00	Officer	$24,553	$3,177	$27,730
PATRICK OSUCH	DIR. OF FIN. RPTG & ACCT. BEG. 4/24	40.00	Officer	$65,718	$6,566	$72,284
DEBRA C FURGERSON	DIR. OF FIN. RPTG & ACCT.	15.00	Officer	$37,074	$2,966	$40,040

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	$27,163,477	$27,279,916	$31,297,357	$-116,439
2023	$27,433,380	$26,983,826	$25,997,809	$449,554
2022	$27,203,067	$26,754,187	$24,270,955	$448,880
2021	$25,945,292	$24,438,506	$23,172,815	$1,506,786
2020	$24,344,733	$19,283,278	$20,938,596	$5,061,455
2019	$18,861,238	$18,489,927	$15,373,048	$371,311
2018	$18,306,413	$18,122,290	$13,961,764	$184,123

THE GOODWILL INDUSTRIES OF AKRON OHIO INC