CINCINNATI GOODWILL WORKS SERVICES INC (EIN 452206768) - 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

2011

Legal Domicile

Principal Officer

MARK HIEMSTRA

Phone

5137714800

Tax Period

2023-01-01 to 2023-12-31

CINCINNATI GOODWILL WORKS SERVICES INC, founded in 2011, is a community nonprofit in the Employment sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE EMPLOYMENT FOR PEOPLE WITH SIGNIFICANT DISABILITIES

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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 $0

Program Service Revenue $2,372,123

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,372,123

Expense Breakdown

Grants Paid $986,774

Salaries & Benefits $1,321,417

Fundraising Expenses $0

Program Expenses $2,528,113

Other Expenses $224,369

TOTAL EXPENSES $2,532,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,372,123	$2,170,697	+0.1%
Expenses	$2,532,560	$1,462,048	+0.7%
Net Income	$-160,437	$708,649	-1.2%

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

N/A

Employees

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

$798,542

Total Directors

$798,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF EASTHAM	VP OPERATIONS	1.00	Officer Director	$0	$30,644	$230,896
MARK HIEMSTRA	CEO	1.00	Officer Director	$0	$37,169	$367,654
MICHAEL SPEED	CFO	1.00	Officer Director	$0	$29,296	$199,992

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	$2,372,123	$2,532,560	$1,136,359	$-160,437
2022	$2,170,697	$1,462,048	$1,601,583	$708,649
2021	$1,599,014	$1,061,956	$900,504	$537,058
2019	$93,601	$85,823	$76,141	$7,778
2018	$150,730	$134,221	$62,984	$16,509

CINCINNATI GOODWILL WORKS SERVICES INC