GOODWILL INDUSTRIES OF ASHTABULA INC

EIN: 340753526 501(c)(3)

ASHTABULA, OH

Total Revenue
$6,430,686
Total Expenses
$6,184,711
Total Assets
$5,166,818
Net Assets
$3,063,799
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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
1943
Legal Domicile
OH
Principal Officer
PHILLIP JOHNSTON
Phone
4409643565
Tax Period
2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF ASHTABULA INC, founded in 1943, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.2M left a modest 4% surplus.

Mission

SERVE DISABLED AND DISADVANTAGED ADULTS SEEKING TO DEVELOP JOB AND INTERPERSONAL SKILLS NECESSARY TO COMPETE IN THE WORKING WORLD.

Program Service Accomplishments

Program 1
Expenses: $3,656,964 Revenue: $2,991,223

DONATED GOODS PROGRAM

Program 2
Expenses: $761,109 Revenue: $894,099

CONTRACT PROGRAM

Program 3
Expenses: $617,660 Revenue: $2,792

SOLICITATION, TRANSPORTATION AND SORTING

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,950,728
Program Service Revenue $1,463,682
Investment Income $22,261
Other Revenue $2,994,015
TOTAL REVENUE $6,430,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,880,024
Fundraising Expenses $0
Program Expenses $5,254,378
Other Expenses $2,304,687
TOTAL EXPENSES $6,184,711

Year-over-Year Comparison

2023 2022 Change
Revenue $6,430,686 $5,634,208 +0.1%
Expenses $6,184,711 $5,860,487 +0.1%
Net Income $245,975 $-226,279 -2.1%
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
10
Independent Members
10
Employees
244
Volunteers
10

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
4
$0
Total Directors
7
$152,137
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP JOHNSTON EXECUTIVE DIRECTOR 40.00
Director
$152,137 $0 $152,137
BILL HOWE TRUSTEE 2.00
Director
$0 $0 $0
STEVEN SARGENT TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL BROWN TRUSTEE 2.00
Director
$0 $0 $0
BRUCE SCHLOSSER TRUSTEE 2.00
Director
$0 $0 $0
CASEY KOZLOWSKI TRUSTEE 2.00
Director
$0 $0 $0
LARRY DEGEORGE TRUSTEE 2.00
Director
$0 $0 $0
RON WILKINSON PRESIDENT 10.00
Officer
$0 $0 $0
DR JEFFREY A BRODSKY VICE PRESIDENT 10.00
Officer
$0 $0 $0
SCOTT HILL TREASURER 10.00
Officer
$0 $0 $0
DAVID FLAUTT SECRETARY 10.00
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 $6,430,686 $6,184,711 $5,166,818 $245,975
2022 $5,634,208 $5,860,487 $5,079,459 $-226,279
2021 $6,318,826 $5,313,481 $3,764,645 $1,005,345
2020 $4,019,429 $4,381,396 $2,394,029 $-361,967
2019 $4,727,867 $4,819,917 $1,456,393 $-92,050
2018 $4,677,551 $4,700,557 $1,577,564 $-23,006
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