GOODWILL INDUSTRIES OF EASTERN NORTH CAROLINA INC

EIN: 560861003 501(c)(3) Employment

Durham, NC

Total Revenue
$52,099,807
Total Expenses
$33,631,840
Total Assets
$117,867,736
Net Assets
$71,249,694
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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
1964
Legal Domicile
NC
Principal Officer
Chris Hash
Phone
9199419600
Tax Period
2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF EASTERN NORTH CAROLINA INC, founded in 1964, is a mid-sized nonprofit in the Employment sector that reported $52.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $18.5M, a strong 35% operating margin.

Mission

To provide and create education, employment, and life enrichment opportunities regionally and nationally for people who desire to improve the quality of their lives

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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 (2024)

Revenue Breakdown

Contributions & Grants $357,755
Program Service Revenue $49,461,740
Investment Income $1,989,947
Other Revenue $290,365
TOTAL REVENUE $52,099,807

Expense Breakdown

Grants Paid $1,525,035
Salaries & Benefits $21,815,195
Fundraising Expenses $0
Program Expenses $28,870,394
Other Expenses $10,291,610
TOTAL EXPENSES $33,631,840

Year-over-Year Comparison

2024 2023 Change
Revenue $52,099,807 $46,636,061 +0.1%
Expenses $33,631,840 $31,450,120 +0.1%
Net Income $18,467,967 $15,185,941 +0.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1097
Volunteers
N/A

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
4
$1,997,420
Total Directors
7
$0
Key Employees
10
$3,439,816
Highest Compensated
10
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Hash President 40
Officer Key Emp Highest
$388,846 $388,846 $777,692
Richard Stallings Vice President of Finance 40
Officer Key Emp Highest
$207,455 $207,455 $414,910
Kathy Roadcup Vice President of Operations 40
Officer Key Emp Highest
$205,435 $205,435 $410,870
Matthew Robinson Vice President of Mission Advancement 40
Officer Key Emp Highest
$196,974 $196,974 $393,948
Carolyn Hendricks Chief of Staff 40
Key Emp Highest
$156,113 $156,113 $312,226
William Brannon Director Program Technology 40
Key Emp Highest
$127,271 $127,271 $254,542
Melinda Quintero Director Employment Programming 40
Key Emp Highest
$117,618 $117,618 $235,236
Katina Chavis Area Manager 40
Key Emp Highest
$106,732 $106,732 $213,464
Brittany Ahern Area Manager 40
Key Emp Highest
$106,732 $106,732 $213,464
Larelle Bonaparte Area Manager 40
Key Emp Highest
$106,732 $106,732 $213,464
Bart Cleary Board 2
Director
$0 $0 $0
Robert Dubose Treasurer 2
Director
$0 $0 $0
Jeff Hayes Chairman 2
Director
$0 $0 $0
Brantley Tillman Board 2
Director
$0 $0 $0
Catalina Andrade Vice Chair 2
Director
$0 $0 $0
Alicia Elliott Board 2
Director
$0 $0 $0
Allison Wax Carter Board 2
Director
$0 $0 $0
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 $52,099,807 $33,631,840 $117,867,736 $18,467,967
2023 $46,636,061 $31,450,120 $104,298,113 $15,185,941
2022 $43,592,520 $27,649,912 $94,091,553 $15,942,608
2021 $44,260,656 $25,157,006 $83,105,565 $19,103,650
2020 $19,680,641 $18,664,488 $7,728,504 $1,016,153
2019 $24,029,518 $23,984,286 $3,737,310 $45,232
2018 $23,000,009 $23,764,193 $3,537,145 $-764,184
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