GOODWILL INDUSTRIES OF THE VALLEYS… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

RICHMOND J VINCENT JR

Phone

5405810620

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF THE VALLEYS INC, founded in 1970, is a mid-sized nonprofit in the Employment sector that reported $19.3M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

GOODWILL'S MISSION IS TO EMPOWER INDIVIDUALS, STRENGTHEN FAMILIES, AND INSPIRE COMMUNITIES THROUGH JOB SKILLS TRAINING AND WORK PLACEMENT OPPORTUNITIES WITH A MULTI-GENERATIONAL APPROACH FOCUSED ON REMOVING BARRIERS.

Program Service Accomplishments

Program 1

Expenses: $5,289,195 Revenue: $2,881,988

WORKFORCE DEVELOPMENT - GOODWILL RECEIVES FEDERAL GRANTS DESIGNED TO ASSIST INDIVIDUALS WHO ARE LOW INCOME, DISLOCATED, OVER THE AGE OF 55 AND ON A LOW INCOME, YOUTH THAT ARE AT-RISK, AND OTHER...

WORKFORCE DEVELOPMENT - GOODWILL RECEIVES FEDERAL GRANTS DESIGNED TO ASSIST INDIVIDUALS WHO ARE LOW INCOME, DISLOCATED, OVER THE AGE OF 55 AND ON A LOW INCOME, YOUTH THAT ARE AT-RISK, AND OTHER INDIVIDUALS WHO HAVE BARRIERS TO EMPLOYMENT. GOODWILL PROVIDES TRAINING AND EDUCATION TO PREPARE INDIVIDUALS FOR EMPLOYMENT OPPORTUNITIES AND HELPS THEM TO FIND A JOB. THROUGH TRAINING AND EMPLOYMENT PROGRAMS INDIVIDUALS ARE ABLE TO ACHIEVE THE PRIDE, DIGNITY, AND SELF-RESPECT THAT COMES FROM EARNING A PAYCHECK AND CONTRIBUTING TO THE COMMUNITY.

Program 2

Expenses: $3,916,487 Revenue: $3,331,219

WORK TRAINING SERVICES - GOODWILL PROCURES GRANTS FROM LOCAL, REGIONAL, AND NATIONAL FOUNDATIONS, COMPANIES, AND MUNICIPALITIES TO FUND PROGRAMS THAT HELP INDIVIDUALS GET BACK TO WORK AND GAIN...

WORK TRAINING SERVICES - GOODWILL PROCURES GRANTS FROM LOCAL, REGIONAL, AND NATIONAL FOUNDATIONS, COMPANIES, AND MUNICIPALITIES TO FUND PROGRAMS THAT HELP INDIVIDUALS GET BACK TO WORK AND GAIN GREATER INDEPENDENCE. INDIVIDUALS SERVED INCLUDED YOUTH, ADULTS, AND SENIORS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT, SUCH AS INCARCERATION AND YOUTH WHO ARE AT RISK OF DROPPING OUT OF SCHOOL OR INVOLVEMENT WITH THE JUVENILE JUSTICE SYSTEM.

Program 3

Expenses: $967,720 Revenue: $1,179,360

SOURCE AMERICA - GOODWILL CONTRACTS WITH THE FEDERAL GOVERNMENT TO EMPLOY INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT. THESE INDIVIDUALS PROVIDE JANITORIAL SERVICES IN LOCAL...

SOURCE AMERICA - GOODWILL CONTRACTS WITH THE FEDERAL GOVERNMENT TO EMPLOY INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT. THESE INDIVIDUALS PROVIDE JANITORIAL SERVICES IN LOCAL FEDERAL FACILITIES THUS ALLOWING THEM TO LIVE AND WORK INDEPENDENTLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,774,005

Program Service Revenue $7,392,567

Investment Income $-430,078

Other Revenue $5,565,763

TOTAL REVENUE $19,302,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,188,229

Fundraising Expenses $331,018

Program Expenses $10,173,402

Other Expenses $6,609,029

TOTAL EXPENSES $19,797,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,302,257	$14,719,779	+0.3%
Expenses	$19,797,258	$19,071,771	+0.0%
Net Income	$-495,001	$-4,351,992	-0.9%

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

515

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

$2,384,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW CHURCHILL	CHAIR	1.00	Officer Director	$0	$0	$0
AARON BOUSH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN WOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH BRADNEY	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS BURCHETT	DIRECTOR	1.00	Director	$0	$0	$0
LISA CLAUSE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FINNEY	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL GATZKE	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA UMBERGER	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY LEE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY LONGSHORE	TREASURER	1.00	Officer Director	$0	$0	$0
GLORIA MANNS	DIRECTOR	1.00	Director	$0	$0	$0
SAM WORTHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
AUTUMN VISSER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELIA VERNON	DIRECTOR	1.00	Director	$0	$0	$0
LORI CAULEY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA LUPIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PROVO	DIRECTOR	1.00	Director	$0	$0	$0
RICHMOND VINCENT	PRESIDENT & CEO	40.00	Officer	$275,671	$22,973	$298,644
JACKSON G GREEN	CHIEF FINANCIAL OFFICER	40.00	Officer	$198,318	$20,410	$218,728
RACHEL PUTNAM	CHIEF STRATEGY, PEOPLE OFF	40.00	Officer	$175,100	$12,796	$187,896
MINDY BOYD	CHIEF OPERATIONS OFFICER	1.00	Officer	$0	$12,779	$214,785
BRENDA MOORE	CHIEF INFORMATION OFFICER	40.00	Officer	$201,083	$10,800	$211,883
STEPHANIE SMOOT	VICE PRESIDENT	40.00	Officer	$104,186	$12,724	$116,910
STEPHANIE HOER	VICE PRESIDENT	40.00	Officer	$136,832	$13,450	$150,282
BRANDY TABOR	VICE PRESIDENT	40.00	Officer	$111,494	$9,618	$121,112
PHILLIP FRENCH	VICE PRESIDENT	40.00	Officer	$134,025	$4,711	$138,736
CHRIS CONNER	VICE PRESIDENT	40.00	Officer	$119,076	$13,327	$132,403
ZENITH BARRETT	VICE PRESIDENT	40.00	Officer	$109,396	$14,670	$124,066
JIM FORER	VICE PRESIDENT	1.00	Officer	$0	$4,947	$150,161
MARY ANN GILMER	CHIEF EXTERNAL AFFAIRS OFFICER	40.00	Officer	$176,658	$5,277	$181,935
DONNA STUCKER	CHIEF PHILANTHROPY OFFICER	40.00	Officer	$128,648	$8,573	$137,221
SHARON HODGES	DIRECTOR OF RE & ASSET MGMT	40.00	Highest	$101,383	$3,683	$105,066

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	$19,302,257	$19,797,258	$66,146,209	$-495,001
2022	$14,719,779	$19,071,771	$62,154,379	$-4,351,992
2021	$17,146,868	$18,353,709	$51,978,727	$-1,206,841
2020	$28,530,557	$15,998,455	$50,741,469	$12,532,102
2019	$19,234,034	$18,040,308	$41,647,552	$1,193,726
2018	$20,506,633	$17,763,988	$38,634,064	$2,742,645

GOODWILL INDUSTRIES OF THE VALLEYS INC