RAPPAHANNOCK GOODWILL INDUSTRIES INC

EIN: 540808744 501(c)(3)

FREDERICKSBURG, VA

Total Revenue
$3,756,961
Total Expenses
$3,103,944
Total Assets
$23,955,876
Net Assets
$22,092,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
VA
Principal Officer
STEPHEN A COX
Phone
5403713070
Tax Period
2023-01-01 to 2023-12-31

RAPPAHANNOCK GOODWILL INDUSTRIES INC, founded in 1966, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $653K, a strong 17% operating margin.

Mission

WE CREATE JOBS LOCALLY, PREPARE PEOPLE TO SUCCEED AT WORK AND HELP THEM OVERCOME BARRIERS TO EMPLOYMENT.

Program Service Accomplishments

Program 1
Expenses: $855,889 Revenue: $862,624

COMMERCIAL OPERATIONS:RAPPAHANNOCK GOODWILL INDUSTRIES CREATES EMPLOYMENT AND JOB TRAINING OPPORTUNITIES TO PREPARE PEOPLE TO SUCCEED AT WORK AND HELP THEM OVERCOME BARRIERS TO EMPLOYMENT BY...

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COMMERCIAL OPERATIONS:RAPPAHANNOCK GOODWILL INDUSTRIES CREATES EMPLOYMENT AND JOB TRAINING OPPORTUNITIES TO PREPARE PEOPLE TO SUCCEED AT WORK AND HELP THEM OVERCOME BARRIERS TO EMPLOYMENT BY PROVIDING CONTRACT WORK FOR BUSINESSES, FEDERAL, STATE AND LOCAL GOVERNMENT AND OTHER COMMUNITY PARTNERS. THESE COMMERCIAL OPERATIONS OFFER OPPORTUNITIES IN A VARIETY OF WORK EXPERIENCE AND TRAINING ENVIRONMENTS INCLUDING CUSTODIAL SERVICES AND OTHER SUPPORT SERVICES.

Program 2
Expenses: $11,458 Revenue: $4,918

SUPPORT EMPLOYMENT: RAPPAHANNOCK GOODWILL INDUSTRIES PROVIDES JOB SEARCH SERVICES, JOB PLACEMENT OPPORTUNITIES AND POST-EMPLOYMENT SUPPORT TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT. RAPPAHANNOCK...

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SUPPORT EMPLOYMENT: RAPPAHANNOCK GOODWILL INDUSTRIES PROVIDES JOB SEARCH SERVICES, JOB PLACEMENT OPPORTUNITIES AND POST-EMPLOYMENT SUPPORT TO INDIVIDUALS WITH BARRIERS TO EMPLOYMENT. RAPPAHANNOCK GOODWILL INDUSTRIES OPERATES INDIVIDUAL SUPPORTED EMPLOYMENT SERVICES INTELLECTUAL DISABILITY AND DEVELOPMENTAL DISABILITY PROGRAMS, EXTENDED EMPLOYMENT SERVICES, AND INTERNALLY SUPPORTS RGI EMPLOYEES WITH DISABILITIES

Program 3
Expenses: $1,471,148 Revenue: $116,066

WORKFORCE DEVELOPMENT SERVICES: RAPPAHANNOCK GOODWILL INDUSTRIES OFFERS COMPREHENSIVE PROGRAMS DESIGNED TO ENCHANCE JOB SKILLS, BUILD CONFIDENCE, AND CONNECT INDIVIDUALS WITH MEANINGFUL EMPLOYMENT...

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WORKFORCE DEVELOPMENT SERVICES: RAPPAHANNOCK GOODWILL INDUSTRIES OFFERS COMPREHENSIVE PROGRAMS DESIGNED TO ENCHANCE JOB SKILLS, BUILD CONFIDENCE, AND CONNECT INDIVIDUALS WITH MEANINGFUL EMPLOYMENT OPPORTUNITIES. RAPPAHANNOCK GOODWILL SUPPORTS INDIVIDUALS REGARDLESS OF SOCIOECONOMIC STATUS, PERSONAL DIFFICULTIES, OR BACKGROUND TO ADVANCE IN THEIR CAREERS THROUGH JOB HELP CENTERS, WORKFORCE INNOVATION AND OPPORTUNITY ACT CONTRACTS, WORK-BASED LEARNING OPPORTUNITIES FOR STUDENTS, AND VIRTUAL CAREER SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,388,878
Program Service Revenue $913,715
Investment Income $379,483
Other Revenue $74,885
TOTAL REVENUE $3,756,961

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,104,496
Fundraising Expenses $255,474
Program Expenses $2,338,495
Other Expenses $999,448
TOTAL EXPENSES $3,103,944

Year-over-Year Comparison

2023 2022 Change
Revenue $3,756,961 $3,409,502 +0.1%
Expenses $3,103,944 $3,365,304 -0.1%
Net Income $653,017 $44,198 +13.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
627
Volunteers
115

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
5
$379,984
Total Directors
19
$379,984
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DERMAINE LEWIS PAST CHAIR 0.90
Director
$0 $0 $0
ROB CLARK HONORARY DIRECTOR 0.90
Director
$0 $0 $0
KATHY BEARD DIRECTOR 0.90
Director
$0 $0 $0
CODY BLANKENSHIP DIRECTOR 0.90
Director
$0 $0 $0
CURTIS EDMONDS JR DIRECTOR 0.90
Director
$0 $0 $0
DR SHASHUNA GRAY DIRECTOR 0.90
Director
$0 $0 $0
AMY HENECKE DIRECTOR 0.90
Director
$0 $0 $0
TONY LEWIS DIRECTOR 0.90
Director
$0 $0 $0
JOHN F MCMANUS ESQ DIRECTOR 0.90
Director
$0 $0 $0
ANDRE G PINEDA DIRECTOR 0.90
Director
$0 $0 $0
CURRY ROBERTS DIRECTOR 0.90
Director
$0 $0 $0
PAUL ROTHENBERG DIRECTOR 0.90
Director
$0 $0 $0
SUSAN GARNETT SPEARS DIRECTOR 0.90
Director
$0 $0 $0
W ANDREW WITHERS DIRECTOR 0.90
Director
$0 $0 $0
MARTHA HUTZEL CHAIR 0.90
Officer Director
$0 $0 $0
BRIAN ROINESTAD VICE-CHAIR 0.90
Officer Director
$0 $0 $0
JOHN ROGERS TREASURER 0.90
Officer Director
$0 $0 $0
STEPHANIE LYLES SECRETARY 0.90
Officer Director
$0 $0 $0
STEPHEN A COX PRESIDENT & CEO 36.00
Officer Director
$369,966 $10,018 $379,984
DARYL WEEDEMAN COO 36.00
Highest
$131,184 $6,480 $137,664
MARTIN BALDWIN CHIEF MISSION OFFICER 36.00
Highest
$123,761 $10,597 $134,358
KEVIN DEVITT VP INFORMATION SERVICES 36.00
Highest
$135,924 $6,480 $142,404
SHARON ROBERTSON VP CONTROLLER 36.00
Highest
$137,346 $6,480 $143,826
CEDRIC HORTIN VP RETAIL OPERATIONS 1.00
Highest
$121,900 $6,480 $128,380
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 $3,756,961 $3,103,944 $23,955,876 $653,017
2022 $3,409,502 $3,365,304 $23,981,998 $44,198
2021 $12,703,768 $3,484,533 $24,201,688 $9,219,235
2020 $5,113,558 $9,916,539 $23,412,946 $-4,802,981
2019 $12,482,306 $12,209,364 $26,084,211 $272,942
2018 $15,930,889 $14,774,582 $26,840,207 $1,156,307
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