GOODWILL INDUSTRIES OF GREATER CLEVELAND AND EAST CENTRAL OHIO INC (EIN 340909974) - 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

1918

Legal Domicile

Principal Officer

ANNEMARIE RICHARDS

Phone

3304549461

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF GREATER CLEVELAND AND EAST CENTRAL OHIO INC, founded in 1918, is a mid-sized nonprofit that reported $50.1M in total revenue in fiscal year 2024.

Mission

WE EMPOWER PEOPLE ON THEIR JOURNEY TO INDEPENDENCE THROUGH THE SALE OF DONATED GOODS.

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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 $7,910,479

Program Service Revenue $41,176,853

Investment Income $687,926

Other Revenue $344,906

TOTAL REVENUE $50,120,164

Expense Breakdown

Grants Paid $37,284

Salaries & Benefits $26,349,833

Fundraising Expenses $86,364

Program Expenses $43,743,378

Other Expenses $22,996,648

TOTAL EXPENSES $49,383,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,120,164	$49,458,569	+0.0%
Expenses	$49,383,765	$47,571,328	+0.0%
Net Income	$736,399	$1,887,241	-0.6%

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

1613

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

$637,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE SPAHNIE	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TAYLOR SCHAUER	VICE CHAIRPERSON & TREASURER	2.00	Officer Director	$0	$0	$0
CLEO LUCAS	SECRETARY	2.00	Officer Director	$0	$0	$0
LUKE CLELAND	DIRECTOR	2.00	Director	$0	$0	$0
ALISHA DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER EARLES	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW FEUCHT	DIRECTOR	2.00	Director	$0	$0	$0
MICHELE HEBERLING	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HENKEL	DIRECTOR	2.00	Director	$0	$0	$0
GREG LUNTZ	DIRECTOR	2.00	Director	$0	$0	$0
RON PLAZEK	DIRECTOR	2.00	Director	$0	$0	$0
SHANA MARBURY	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE ROSENFELT	DIRECTOR	2.00	Director	$0	$0	$0
DEBJANI ROY	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD SMITH	DIRECTOR	2.00	Director	$0	$0	$0
ANNEMARIE RICHARDS	PRESIDENT & CEO	40.00	Officer	$397,742	$15,707	$413,449
TANZALEA DANIELS	EX CFO, ASST. TREASURER (END 09/2024)	40.00	Officer	$161,310	$17,825	$179,135
MARCIE FINNEY	CFO, ASST. TREASURER (START 10/14/24)	40.00	Officer	$42,950	$1,663	$44,613
MARK TREW	COO	40.00	Highest	$255,401	$24,380	$279,781
KELLY BONACCI	DIRECTOR OF FINANCE	40.00	Highest	$104,916	$15,543	$120,459
ELLEN MCCARTHY	VP OF DIVERSITY, EQUITY & INCLUSION	40.00	Highest	$123,851	$14,462	$138,313

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	$50,120,164	$49,383,765	$59,957,381	$736,399
2023	$49,458,569	$47,571,328	$59,024,949	$1,887,241
2022	$47,492,869	$45,431,682	$57,140,742	$2,061,187
2021	$48,226,709	$43,406,900	$50,804,352	$4,819,809
2020	$43,999,211	$35,390,127	$51,190,799	$8,609,084
2019	$38,364,119	$39,042,554	$43,286,775	$-678,435
2018	$37,613,964	$37,211,858	$28,838,858	$402,106

GOODWILL INDUSTRIES OF GREATER CLEVELAND AND EAST CENTRAL OHIO INC