GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT INC (EIN 560844639) - Form 990 Financial Analysis & Trantor Score

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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

1949

Legal Domicile

Principal Officer

CHRISTOPHER JACKSON

Phone

7043723434

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT INC, founded in 1949, is a mid-sized nonprofit in the Employment sector that reported $93.5M in total revenue in fiscal year 2024.

Mission

GOODWILL BUILDS PATHWAYS THAT HELP PEOPLE PURSUE THE LIFE THEY WANT TO ACHIEVE. GOODWILL EXISTS TO HELP PEOPLE SEE POSSIBILITIES, SEIZE OPPORTUNITIES AND PROSPER. WE PARTNER WITH INDIVIDUALS TO IDENTIFY THEIR STRENGTHS, INTERESTS AND GOALS TO DEVELOP MARKETABLE SKILLS TO PURSUE MEANINGFUL AND FULFILLING WORK THAT PROVIDES FINANCIAL WELL-BEING, PERSONAL GROWTH AND ADVANCEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,054,948

Program Service Revenue $77,466,401

Investment Income $-332,998

Other Revenue $295,135

TOTAL REVENUE $93,483,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,887,862

Fundraising Expenses $405,151

Program Expenses $87,179,397

Other Expenses $33,496,998

TOTAL EXPENSES $98,384,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,483,486	$88,375,481	+0.1%
Expenses	$98,384,860	$89,234,374	+0.1%
Net Income	$-4,901,374	$-858,893	+4.7%

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

3312

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

$1,685,072

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE L BRYANT	BOARD CHAIR	0.52	Officer Director	$0	$0	$0
DEC LEE	VICE CHAIR	0.46	Officer Director	$0	$0	$0
ANNE PREDIERI	SECRETARY/TREASURER	0.61	Officer Director	$0	$0	$0
HOLLY ALEXANDER	DIRECTOR	0.33	Director	$0	$0	$0
DR MONICA ALLEN	DIRECTOR	0.24	Director	$0	$0	$0
SHAWN ANDERSON	DIRECTOR	0.33	Director	$0	$0	$0
GIZAW BEDWA	DIRECTOR	0.13	Director	$0	$0	$0
BRUCE CLARK	DIRECTOR	0.40	Director	$0	$0	$0
RICHARD DONALDSON	DIRECTOR	0.43	Director	$0	$0	$0
HELEN EGGERS	DIRECTOR	0.41	Director	$0	$0	$0
LEE FITE	DIRECTOR	0.31	Director	$0	$0	$0
JAMI HERZBERG	DIRECTOR	0.34	Director	$0	$0	$0
ROB HORTON	DIRECTOR	0.21	Director	$0	$0	$0
TAMMY JONES	DIRECTOR	0.25	Director	$0	$0	$0
YIH-HAH MA	DIRECTOR	0.24	Director	$0	$0	$0
JOE MACHICOTE	DIRECTOR	0.13	Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR	0.25	Director	$0	$0	$0
VANESSA MATTHEWS	DIRECTOR	0.08	Director	$0	$0	$0
SARAH MCCARTHY	DIRECTOR	0.45	Director	$0	$0	$0
ED MCMAHAN	DIRECTOR	0.22	Director	$0	$0	$0
LEIGH ANN MERCHANT	DIRECTOR	0.43	Director	$0	$0	$0
CEDRIC THOMAS	DIRECTOR	0.39	Director	$0	$0	$0
DERRICK THOMPSON	DIRECTOR	0.28	Director	$0	$0	$0
CHERYL WELCH	DIRECTOR	0.29	Director	$0	$0	$0
CHRISTOPHER JACKSON	PRESIDENT / CEO	55.00	Officer	$393,029	$30,403	$423,432
RICHARD WALKER	CHIEF FINANCIAL & STRATEGY OFFICER	55.00	Officer	$240,993	$38,659	$279,652
MIA COMERIATO	CHIEF HUMAN RESOURCES OFFICER	55.00	Officer	$239,465	$21,812	$261,277
LARITA BARBER	CHIEF ADVANCEMENT OFFICER	55.00	Officer	$239,465	$21,812	$261,277
RAQUEL LYNCH	CHIEF PROGRAM OFFICER	55.00	Officer	$215,443	$17,903	$233,346
JOSE LUIS	CHIEF OPERATING OFFICER	55.00	Officer	$222,738	$3,350	$226,088
MICHAEL WHITENER	VP, TECHNOLOGY AND COMPLIANCE	55.00	Highest	$197,943	$19,463	$217,406
TONYA NATIONS	VP, RETAIL OPERATIONS	55.00	Highest	$194,208	$19,294	$213,502
AMY JORDON	VP, REAL ESTATE DEV. & FACILITIES	55.00	Highest	$185,071	$19,456	$204,527
MICHELLE HORTON	VP, TALENT DEVELOPMENT	55.00	Highest	$171,471	$19,584	$191,055
LESLIE CHESTNUT	DIRECTOR, TM EXP & ENG	55.00	Highest	$161,931	$11,107	$173,038

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	$93,483,486	$98,384,860	$130,340,581	$-4,901,374
2023	$88,375,481	$89,234,374	$115,000,988	$-858,893
2022	$87,885,152	$80,987,306	$112,505,478	$6,897,846
2021	$82,780,757	$78,352,824	$76,574,233	$4,427,933
2020	$54,491,734	$58,981,959	$73,799,058	$-4,490,225
2019	$60,492,655	$60,662,513	$76,467,288	$-169,858
2018	$63,927,302	$62,264,589	$77,342,584	$1,662,713

GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT INC