GOODWILL INDUSTRIES OF DELAWARE AND DELAWARE COUNTY INC (EIN 510064311) - 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

1921

Legal Domicile

Principal Officer

COLLEEN MORRONE

Phone

3027614640

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF DELAWARE AND DELAWARE COUNTY INC, founded in 1921, is a mid-sized nonprofit in the Employment sector that reported $57.9M in total revenue in fiscal year 2024.

Mission

MISSION: TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH BARRIERS TO SELF-SUFFICIENCY THROUGH THE POWER OF WORK.

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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 $7,649,855

Program Service Revenue $49,633,217

Investment Income $613,433

Other Revenue $43,809

TOTAL REVENUE $57,940,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,341,857

Fundraising Expenses $461,582

Program Expenses $52,552,533

Other Expenses $21,849,116

TOTAL EXPENSES $57,190,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,940,314	$57,267,454	+0.0%
Expenses	$57,190,973	$55,141,222	+0.0%
Net Income	$749,341	$2,126,232	-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

1834

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

$343,440

Total Directors

$343,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANEY HALL	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KALIMAH WHITE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLE MCLAUGHLIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TISH ANSHEN	BOARD TREASU	1.00	Officer Director	$0	$0	$0
JEFFERY KACZMARCZYK	BOARD SECRET	1.00	Officer Director	$0	$0	$0
STEVE BLEWITT	DIRECTOR	1.00	Director	$0	$0	$0
DOUG CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DANA FENWICK	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH J GATSON	DIRECTOR	1.00	Director	$0	$0	$0
MARKEVIS GIDEON	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN HERRING SR	DIRECTOR	1.00	Director	$0	$0	$0
JULIA M MCDERBY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN C NICKEL	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE RAMBO	DIRECTOR	1.00	Director	$0	$0	$0
DWAYNE M REDD	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN MORRONE	PRESIDENT/CE	40.00	Officer Director	$329,845	$13,595	$343,440
MABAYOMIGE ALABI	CFO	40.00	Highest	$209,006	$9,215	$218,221
GREGORY BIANCHI	CP IT & DATA	40.00	Highest	$133,640	$4,787	$138,427
ALEXANDER VAZQUEZ	COO	40.00	Highest	$212,871	$1,788	$214,659
SUNAINA SOARES	VP HUMAN RES	40.00	Highest	$135,262	$5,568	$140,830

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	$57,940,314	$57,190,973	$53,246,906	$749,341
2023	$57,267,454	$55,141,222	$53,342,034	$2,126,232
2022	$57,646,066	$53,939,495	$42,108,742	$3,706,571
2021	$60,648,347	$52,681,265	$29,727,305	$7,967,082
2020	$44,377,805	$47,521,800	$25,576,190	$-3,143,995
2019	$45,387,350	$44,507,096	$21,929,793	$880,254
2018	$43,582,366	$42,612,125	$20,413,649	$970,241

GOODWILL INDUSTRIES OF DELAWARE AND DELAWARE COUNTY INC