GOODWILL INDUSTRIES OF NORTHWEST NORTH CAROLINA INC

EIN: 560588474 501(c)(3) Employment

WINSTONSALEM, NC

Total Revenue
$89,985,428
Total Expenses
$83,866,428
Total Assets
$152,679,868
Net Assets
$137,266,772
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
NC
Phone
3367243621
Tax Period
2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF NORTHWEST NORTH CAROLINA INC, founded in 1926, is a mid-sized nonprofit in the Employment sector that reported $90.0M in total revenue in fiscal year 2023. Expenses of $83.9M left a modest 7% surplus.

Mission

HELPING THE DISABLED AND OTHERS OVERCOME BARRIERS TO EMPLOYMENT AND ACHIEVE INDEPENDENCE.

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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 $24,437,374
Program Service Revenue $5,126,832
Investment Income $987,381
Other Revenue $59,433,841
TOTAL REVENUE $89,985,428

Expense Breakdown

Grants Paid $8,969,891
Salaries & Benefits $51,364,022
Fundraising Expenses $731,848
Program Expenses $70,243,600
Other Expenses $23,447,399
TOTAL EXPENSES $83,866,428

Year-over-Year Comparison

2023 2022 Change
Revenue $89,985,428 $83,533,889 +0.1%
Expenses $83,866,428 $75,154,700 +0.1%
Net Income $6,119,000 $8,379,189 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
20
Employees
2090
Volunteers
100

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
7
$1,426,139
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR, VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR, BOARD CHAIR 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR, SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR, EMERITUS 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR, EX OFFICIO 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR, ADVISORY 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR, EMERITUS 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A PRESIDENT/CEO 40.0
Officer
$427,132 $53,367 $480,499
N/A CHIEF FINANCIAL OFFICER 40.0
Officer
$262,292 $70,934 $333,226
N/A CHIEF ORGANIZATIONAL DEVELOPMENT & MISSION OFFICER 40.0
Officer
$250,673 $42,202 $292,875
N/A CHIEF OPERATIONS OFFICER 40.0
Officer
$275,272 $44,267 $319,539
N/A ASSOCIATE VP-MISSION ADVANCEMENT 40.0
Highest
$114,600 $17,659 $132,259
N/A VP-MARKETING 40.0
Highest
$154,872 $33,921 $188,793
N/A ASSOCIATE VP-RETAIL 40.0
Highest
$136,476 $28,616 $165,092
N/A CONTROLLER 40.0
Highest
$137,189 $32,644 $169,833
N/A CHIEF PEOPLE OFFICER 40.0
Highest
$209,630 $51,991 $261,621
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 $89,985,428 $83,866,428 $152,679,868 $6,119,000
2022 $83,533,889 $75,154,700 $145,529,868 $8,379,189
2021 $93,722,591 $69,767,053 $131,979,618 $23,955,538
2020 $64,178,762 $64,377,408 $108,043,480 $-198,646
2019 $71,498,911 $72,208,279 $107,265,768 $-709,368
2018 $66,342,168 $63,929,502 $107,406,286 $2,412,666
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