GOODWILL OF CENTRAL AND COASTAL VIRGINIA INC (EIN 540455395) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

MARK A BARTH

Phone

8047456300

Tax Period

2023-01-01 to 2023-12-31

GOODWILL OF CENTRAL AND COASTAL VIRGINIA INC, founded in 1945, is a mid-sized nonprofit in the Employment sector that reported $56.5M in total revenue in fiscal year 2018. Expenses of $51.7M left a modest 9% surplus.

Mission

TO PROVIDE WORKFORCE DEVELOPMENT SERVICES FOR INDIVIDUALS FACING CHALLENGES TO WORK.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,811,717

Program Service Revenue $37,718,451

Investment Income $221,062

Other Revenue $750,453

TOTAL REVENUE $66,501,683

Expense Breakdown

Grants Paid $4,502

Salaries & Benefits $41,810,585

Fundraising Expenses $0

Program Expenses $50,334,695

Other Expenses $21,438,456

TOTAL EXPENSES $63,253,543

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,501,683	$66,604,414	0.0%
Expenses	$63,253,543	$58,361,557	+0.1%
Net Income	$3,248,140	$8,242,857	-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

1801

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

$411,189

Total Directors

Key Employees

$267,017

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN C ACKERLY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
EV CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
BILLY FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
JESSE GOODRICH	DIRECTOR	1.00	Director	$0	$0	$0
DREXEL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN C IVINS JR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MODENA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NELMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER E ROUZIE	DIRECTOR	1.00	Director	$0	$0	$0
BRADFORD B SAUER	DIRECTOR	1.00	Director	$0	$0	$0
W SCOTT SIMS	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCHULER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES W THEOBALD ESQ	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY H WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
NHU YEARGIN	DIRECTOR	1.00	Director	$0	$0	$0
MARIA P RASMUSSEN ESQUIRE	IMMED PAST CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD COUGHLAN	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS C KLEINE ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE TAYLOR	SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE STRADER	ASSIT TREASURER	1.00	Officer Director	$0	$0	$0
J CHARLES LINK	TREASURER	1.00	Officer	$0	$0	$0
MARK BARTH	PRESIDENT & CEO	40.00	Officer	$411,189	$0	$411,189
DESMOND CARTER	COO	40.00	Key Emp	$267,017	$0	$267,017
JOHN LEOPOLD	VP ENTERPRISE SUPPORT	40.00	Highest	$219,372	$0	$219,372
STEPHEN HUYCK	VP SERVICES	40.00	Highest	$173,119	$0	$173,119
ALETA SHELTON	VP COMMUNITY ENGAGEMENT	40.00	Highest	$165,809	$0	$165,809
EVERETT SHUPE	VP LEADERSHIP & WORKFOCE DEV	40.00	Highest	$149,321	$0	$149,321
LAURA FAISON	CHIEF MARKETING OFFICER	40.00	Highest	$173,902	$0	$173,902

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	$66,501,683	$63,253,543	$112,870,819	$3,248,140
2022	$66,604,414	$58,361,557	$132,658,441	$8,242,857
2021	$64,066,078	$54,700,151	$105,082,511	$9,365,927
2020	$54,472,471	$47,855,220	$100,077,271	$6,617,251
2019	$58,284,670	$52,235,316	$93,533,805	$6,049,354
2018	$56,516,407	$51,680,082	$89,007,038	$4,836,325

GOODWILL OF CENTRAL AND COASTAL VIRGINIA INC