DAVIS MEMORIAL GOODWILL INDUSTRIES (EIN 530196588) - 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

1935

Legal Domicile

Principal Officer

CATHERINE A MELOY

Phone

2026364225

Tax Period

2024-01-01 to 2024-12-31

DAVIS MEMORIAL GOODWILL INDUSTRIES, founded in 1935, is a mid-sized nonprofit in the Employment sector that reported $81.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDE FREE EDUCATION, JOB TRAINING, AND EMPLOYMENT SERVICES TO PEOPLE WITH DISADVANTAGES AND 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 (2024)

Revenue Breakdown

Contributions & Grants $19,319,490

Program Service Revenue $17,124,878

Investment Income $176,520

Other Revenue $44,668,774

TOTAL REVENUE $81,289,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,821,408

Fundraising Expenses $1,105,722

Program Expenses $73,228,718

Other Expenses $30,864,497

TOTAL EXPENSES $79,685,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,289,662	$75,074,293	+0.1%
Expenses	$79,685,905	$69,346,411	+0.1%
Net Income	$1,603,757	$5,727,882	-0.7%

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

1264

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

$906,470

Total Directors

$616,406

Key Employees

$264,478

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN JACOBS	CHAIR	1.00	Officer Director	$0	$0	$0
GHADA IJAM	VICE CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL KOTTER	SECRETARY	1.00	Officer Director	$0	$0	$0
GLEN S HOWARD	GOVERNANCE CHAIR	1.00	Officer Director	$0	$0	$0
MARY BRADY	DIRECTOR AS OF 09/2024	1.00	Director	$0	$0	$0
RICK CRUZ	DIRECTOR UNTIL 12/2024	1.00	Director	$0	$0	$0
JOHN GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK HUMPHRIES	DIRECTOR	1.00	Director	$0	$0	$0
DEBBI JARVIS	DIRECTOR	1.00	Director	$0	$0	$0
DONALD BLUE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
SOLOMON KEENE	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN LEE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MACGREGOR	DIRECTOR	1.00	Director	$0	$0	$0
LISA MALLORY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE A MELOY	PRESIDENT & CEO	40.00	Officer Director	$582,302	$34,104	$616,406
JEFFREY ROSTAND	CHIEF FINANCIAL OFFICER	40.00	Officer	$256,350	$33,714	$290,064
COLLEEN PALETTA	CHIEF INTEGRATION OFFICER	40.00	Key Emp	$252,613	$11,865	$264,478
RICHARD J COLE	CHIEF OF EXPANSION	32.00	Highest	$221,609	$22,286	$299,297
BRENDAN HURLEY	CHIEF OF COLLAB., COMM., & MKTG.	40.00	Highest	$251,902	$11,865	$263,767
ROSA PROCTOR	CFO EMERITUS	40.00	Highest	$227,072	$10,603	$237,675
JANECE KLEBEN	CHIEF COMMUNITY IMPACT OFFICER	40.00	Highest	$225,185	$8,661	$233,846
STEVEN GELFOUND	VP, TECHNOLOGY & INFRASTRUCTURE	40.00	Highest	$215,235	$2,063	$217,298

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	$81,289,662	$79,685,905	$99,551,568	$1,603,757
2023	$75,074,293	$69,346,411	$78,951,988	$5,727,882
2022	$67,334,398	$64,616,512	$79,111,900	$2,717,886
2021	$64,782,996	$59,747,662	$34,899,892	$5,035,334
2020	$46,197,376	$52,566,068	$30,677,429	$-6,368,692
2019	$59,138,522	$56,151,299	$33,560,688	$2,987,223
2018	$52,647,394	$50,905,238	$25,036,630	$1,742,156
2018	$52,647,394	$50,905,238	$25,036,630	$1,742,156

DAVIS MEMORIAL GOODWILL INDUSTRIES