RAPPAHANNOCK GOODWILL INDUSTRIES INC (EIN 540808744) - 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

1966

Legal Domicile

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 mid-sized nonprofit that reported $15.9M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $14.8M left a modest 7% surplus.

Mission

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

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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 $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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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

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

$379,984

Total Directors

$379,984

Key Employees

Highest Compensated

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

RAPPAHANNOCK GOODWILL INDUSTRIES INC