GOODWILL INDUSTRIES OF ASHTABULA INC (EIN 340753526) - 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

1943

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

244

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

Total Directors

$152,137

Key Employees

Highest Compensated

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

GOODWILL INDUSTRIES OF ASHTABULA INC