GOODWILL INDUSTRIES OF THE CHESAPEAKE INC (EIN 520591576) - 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

1919

Legal Domicile

Principal Officer

LISA RUSYNIAK

Phone

4108371800

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF THE CHESAPEAKE INC, founded in 1919, is a major nonprofit that reported $101.7M in total revenue in fiscal year 2024. Expenses of $98.0M left a modest 4% surplus.

Mission

WORKFORCE DEVELOPMENT AND OTHER SOCIAL SERVICES FOR PEOPLE WITH PHYSICAL, MENTAL, OR OTHER BARRIERS TO SELF-SUSTAINING EMPLOYMENT.

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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 $38,515,491

Program Service Revenue $56,534,644

Investment Income $6,656,735

Other Revenue $6,088

TOTAL REVENUE $101,712,958

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $32,654,847

Fundraising Expenses $257,716

Program Expenses $89,668,255

Other Expenses $65,311,444

TOTAL EXPENSES $97,971,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,712,958	$97,989,434	+0.0%
Expenses	$97,971,291	$93,193,311	+0.1%
Net Income	$3,741,667	$4,796,123	-0.2%

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

Employees

1189

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

$1,120,557

Total Directors

$705,060

Key Employees

$438,693

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA RUSYNIAK	PRESIDENT/CEO	40.00	Officer Director	$661,405	$43,655	$705,060
JOE DURHAM	CHAIR	0.50	Officer Director	$0	$0	$0
OLIVIA FARROW	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAVID J DOWNEY JR	IMMEDIATE PAST CHAIR	0.50	Officer Director	$0	$0	$0
JEFF JACOBSON	TREASURER	0.50	Officer Director	$0	$0	$0
KIM CLARK	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHELLE ANDERS	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN N BENNETT	DIRECTOR	0.50	Director	$0	$0	$0
STACEY BUTLER	DIRECTOR	0.50	Director	$0	$0	$0
DAVE CARBERRY	DIRECTOR	0.50	Director	$0	$0	$0
TODD CHASON	DIRECTOR	0.50	Director	$0	$0	$0
PETE CHESNER	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS FINNEGAN	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS FINNEY	DIRECTOR	0.50	Director	$0	$0	$0
JOE FOSS	DIRECTOR	0.50	Director	$0	$0	$0
DEAN KENDERDINE	DIRECTOR	0.50	Director	$0	$0	$0
TOM KAZMIERCZAK	DIRECTOR	0.50	Director	$0	$0	$0
CAILEY LOCKLAIR	DIRECTOR	0.50	Director	$0	$0	$0
APRIL LUGO	DIRECTOR	0.50	Director	$0	$0	$0
WILLIS MACGILL	DIRECTOR	0.50	Director	$0	$0	$0
ERICA MASSENBURG	DIRECTOR	0.50	Director	$0	$0	$0
JAYNE MILLER	DIRECTOR	0.50	Director	$0	$0	$0
JOSHUA SAVADOVE	DIRECTOR	0.50	Director	$0	$0	$0
JOEL SULDAN	DIRECTOR	0.50	Director	$0	$0	$0
KERI ZADER	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT HOLLINGSWORTH	CHIEF FINANCIAL OFFICER	40.00	Officer	$337,167	$78,330	$415,497
ROBERT PROSSER	CHIEF RETAIL OFFICER	40.00	Key Emp	$393,362	$45,331	$438,693
MEGAN HILL	CHIEF HUMAN RESOURCE OFFICER	40.00	Highest	$162,546	$14,611	$177,157
JONATHAN BALOG	CHIEF COMMUNICATIONS OFFICER	40.00	Highest	$241,661	$49,033	$290,694
RYAN SMITH	CHIEF MISSION OFFICER	40.00	Highest	$242,889	$17,612	$260,501
CHRISTOPHER DEPPEN	DIRECTOR OF RISK MANAGEMENT	40.00	Highest	$134,576	$22,701	$157,277
MICHELE SYLVESTER	DIRECTOR OF DONATED GOODS RETAIL	40.00	Highest	$125,065	$31,563	$156,628

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	$101,712,958	$97,971,291	$113,402,732	$3,741,667
2023	$97,989,434	$93,193,311	$106,393,298	$4,796,123
2022	$88,183,927	$86,080,156	$98,618,688	$2,103,771
2021	$84,929,911	$81,893,437	$56,521,402	$3,036,474
2020	$66,069,462	$69,007,378	$50,891,475	$-2,937,916
2019	$79,352,114	$80,895,963	$51,912,280	$-1,543,849
2018	$72,585,966	$75,921,690	$49,364,755	$-3,335,724

GOODWILL INDUSTRIES OF THE CHESAPEAKE INC