HAGERSTOWN, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HAGERSTOWN GOODWILL INDUSTRIES INC, founded in 1955, is a mid-sized nonprofit in the Employment sector that reported $11.2M in total revenue in fiscal year 2023. Expenses of $12.8M exceeded revenue, resulting in a 14% operating deficit.
HORIZON GOODWILL INDUSTRIES HELPS INDIVIDUALS REALIZE AND ACHIEVE THEIR FULLEST POTENTIAL THROUGH THE DIGNITY AND POWER OF WORK. WITH OPERATIONS, PROGRAMS, AND SERVICES IN 17 COUNTIES ACROSS MARYLAND, PENNSYLVANIA, VIRGINIA, WEST VIRGINIA, WE FOCUS ON HUMAN DEVELOPMENT THAT EXPANDS THE RICHNESS OF HUMAN LIFE AND THAT IS CENTERED ON PEOPLE, THEIR OPPORTUNITIES AND CHOICES. IN THE LAST YEAR, MORE THAN 4,000 INDIVIDUALS BENEFITED FROM HORIZON GOODWILL'S MISSION OF "REMOVING BARRIERS AND CREATING OPPORTUNITIES", IMPROVING THEIR JOB SKILLS, EMPLOYABILITY, EDUCATION AND ECONOMIC SELF-SUFFICIENCY.
BUSINESS SERVICES - FROM PACKAGING, ASSEMBLY, AND FULFILLMENT TO CUSTODIAL, FACILITIES MANAGEMENT AND MAILROOM SERVICES, HORIZON GOODWILL INDUSTRIES' BUSINESS SERVICES OPERATION IS ANOTHER OF OUR...
BUSINESS SERVICES - FROM PACKAGING, ASSEMBLY, AND FULFILLMENT TO CUSTODIAL, FACILITIES MANAGEMENT AND MAILROOM SERVICES, HORIZON GOODWILL INDUSTRIES' BUSINESS SERVICES OPERATION IS ANOTHER OF OUR SOCIAL ENTERPRISES, OPERATING AS A BUSINESS AND VENDOR TO OVER 50 FEDERAL, STATE AND COMMERCIAL ENTITIES ACROSS OUR 4 STATE REGION. WITH THE MISSION OF "REMOVING BARRIERS, CREATING OPPORTUNITIES", HORIZON GOODWILL INDUSTRIES' BUSINESS SERVICES OPERATION FOCUSES ON PUTTING PEOPLE TO WORK PROVIDING HANDS-ON PAID TRAINING TO INDIVIDUALS WITH DISABILITIES AND BARRIERS, GOODWILL'S BUSINESS SERVICES CREATES OPPORTUNITIES FOR PEOPLE TO LEARN AND GROW WHILE ON THE JOB AND HELPS THOSE NOT READY FOR COMPETITIVE EMPLOYMENT BUILD NECESSARY TECHNICAL AND SOFT SKILLS TO GET AND KEEP A JOB IN THE COMMUNITY. IN 2023, WAGES PAID TO INDIVIDUALS WITH DISABILITIES AND BARRIERS TOTALED 2.9 MILLION. BY TRAINING WITH GOODWILL, PEOPLE GAIN SECTOR SPECIFIC WORK EXPERIENCE, TECHNICAL TRAINING, JOB AND INCOME STABILITY, AND THE SOFT SKILLS NECESSARY TO BECOME MORE SELF-SUFFICIENT IN EMPLOYMENT WITH BUSINESSES IN OUR COMMUNITIES AFTER THEY GRADUATE.
MISSION SERVICES - ACROSS 17 COUNTIES IN MARYLAND, PENNSYLVANIA, VIRGINIA AND WEST VIRGINIA, HORIZON GOODWILL INDUSTRIES IS DEDICATED TO PUTTING PEOPLE TO WORK AND OFFERS FREE JOB TRAINING AND JOB...
MISSION SERVICES - ACROSS 17 COUNTIES IN MARYLAND, PENNSYLVANIA, VIRGINIA AND WEST VIRGINIA, HORIZON GOODWILL INDUSTRIES IS DEDICATED TO PUTTING PEOPLE TO WORK AND OFFERS FREE JOB TRAINING AND JOB SEEKING SERVICES TO INDIVIDUALS IN OUR COMMUNITIES WHO WANT TO WORK BUT STRUGGLE TO FIND IT OUR MISSION SERVICES DIVISION PROVIDES INDIVIDUALIZED CASE MANAGEMENT, PAID WORK EXPERIENCES, JOB OR CAREER DEVELOPMENT, AND CONNECTIONS TO SERVICES THAT ADDRESS CRITICAL NEEDS AS FOOD, HOUSING, AND MENTAL HEALTH. GOODWILL'S EMPLOYMENT PROGRAMS, EDUCATIONAL PARTNERSHIPS AND RELATED SUPPORT SERVICES INCREASE AN INDIVIDUAL'S CONFIDENCE, THEIR ABILITY TO NAVIGATE CHANGE AND THEIR OVERALL EMPLOYABILITY. OUR CUSTOMIZED PROGRAMS AND SERVICES ARE DESIGNED TO HELP INDIVIDUALS WITH BARRIERS TO EMPLOYMENT RE-ESTABLISH A WORK AND EARNINGS HISTORY, DEVELOP JOB AND LIFE SKILLS, AND ENHANCE THEIR FINANCIAL, SOCIAL AND EDUCATIONAL CIRCUMSTANCES. HORIZON GOODWILL SERVES INDIVIDUALS WITH BARRIERS TO EMPLOYMENT SUCH AS LACK OF TRANSPORTATION OR CHILD CARE, LACK OF CIVILIAN WORK EXPERIENCE FOR VETERANS, CHEMICAL DEPENDENCY, CRIMINAL BACKGROUND, AND EMOTIONAL, COGNITIVE AND/OR PHYSICAL DISABILITIES. IN 2023, HORIZON GOODWILL PLACED 363 INDIVIDUALS IN JOBS ACROSS 4 STATES WITH AN AVERAGE STARTING WAGE OF 15.89 PER HOUR, WORKING AN AVERAGE OF 33 HOURS PER WEEK. HORIZON GOODWILL ALSO HELPED PLACE 117 INDIVIDUALS INTO PERMANENT HOUSING ACROSS THE 4 STATE TERRITORY.
CONTRIBUTED GOODS PRODUCTION - DONATED GOODS ARE COLLECTED AND PROCESSED GIVING CLIENTS, WITH DISABILITIES AND DISADVANTAGING CONDITIONS, AN OPPORTUNITY TO LEARN JOB SKILLS, DISCIPLINE AND DEVELOP...
CONTRIBUTED GOODS PRODUCTION - DONATED GOODS ARE COLLECTED AND PROCESSED GIVING CLIENTS, WITH DISABILITIES AND DISADVANTAGING CONDITIONS, AN OPPORTUNITY TO LEARN JOB SKILLS, DISCIPLINE AND DEVELOP SELF-CONFIDENCE. THE GOODS ARE SOLD IN THE ORGANIZATIONS RETAIL STORES AND DIRECT EXPENSES ARE REPORTED AS COST OF GOODS SOLD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $11,227,885 | $11,285,110 | 0.0% |
| Expenses | $12,828,952 | $11,699,930 | +0.1% |
| Net Income | $-1,601,067 | $-414,820 | +2.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID SHUSTER | EXECUTIVE DI | 40.00 |
Officer
Director
|
$194,520 | $8,040 | $202,560 |
| SHARON AHRENS | CHIEF BUSINE | 40.00 |
Officer
|
$135,066 | $6,980 | $142,046 |
| SILA ALEGRET-BARTEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE BARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS BIBY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RON BOWERS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN GRIMES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DOLORES HARMON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HEATHER HURST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN KROWKA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARION MITCHELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTA MURR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL PROCTOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH REPAC | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH ROCK | VICE CHAIRPE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DUSTIN WATSON | PAST CHAIRPE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL ZAMPELLI | CHAIRPERSON | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $11,227,885 | $12,828,952 | $19,486,819 | $-1,601,067 |
| 2022 | $11,285,110 | $11,699,930 | $19,481,724 | $-414,820 |
| 2021 | $13,438,642 | $11,885,116 | $19,941,303 | $1,553,526 |
| 2020 | $11,159,365 | $11,615,877 | $19,034,598 | $-456,512 |
| 2019 | $13,041,480 | $13,045,834 | $10,590,197 | $-4,354 |
| 2018 | $21,502,688 | $22,325,713 | $10,797,266 | $-823,025 |
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