GOODWILL INDUSTRIES OF CENTRAL NORTH CAR (EIN 560862842) - 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

1963

Legal Domicile

Principal Officer

CHRISTOPHER GORHAM

Phone

3362759801

Tax Period

2024-07-01 to 2025-06-30

GOODWILL INDUSTRIES OF CENTRAL NORTH CAR, founded in 1963, is a mid-sized nonprofit in the Employment sector that reported $29.8M in total revenue in fiscal year 2024. Expenses of $26.0M left a modest 13% surplus.

Mission

GOODWILL INDUSTRIES OF CENTRAL NORTH CAROLINA, INC.'S MISSION IS IMPROVING LIVES AND ENRICHING COMMUNITIES THROUGH THE POWER OF WORK

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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 $28,891,270

Program Service Revenue $172,336

Investment Income $263,869

Other Revenue $514,813

TOTAL REVENUE $29,842,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,507,470

Fundraising Expenses $215,920

Program Expenses $22,112,006

Other Expenses $7,504,772

TOTAL EXPENSES $26,012,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,842,288	$28,522,785	+0.0%
Expenses	$26,012,242	$24,460,593	+0.1%
Net Income	$3,830,046	$4,062,192	-0.1%

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

825

Volunteers

1796

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

$1,482,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX MAULTSBY ESQ	BOARD OF ADVISORS	2.00	Director	$0	$0	$0
ANDY BARROW	DIRECTOR	2.00	Director	$0	$0	$0
BOB HUDSON	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE GRISWOLD	BOARD OF ADVISORS	2.00	Director	$0	$0	$0
CHARLES YOUNCE ESQ	DIRECTOR, LEGAL COUNSEL	2.00	Director	$0	$0	$0
CHRIS HILL	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
DAVID MOFF	BOARD OF ADVISORS	2.00	Director	$0	$0	$0
DIANA HARDY	CHAIR	2.00	Officer Director	$0	$0	$0
DR BRIAN CLARIDA	BOARD OF ADVISORS	2.00	Director	$0	$0	$0
DR DARRELL HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
DR MARK KINLAW	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN SQUIRE	BOARD OF ADVISORS	2.00	Director	$0	$0	$0
ERNESTINE TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
GARY ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
JOHNNY WOOD	DIRECTOR	2.00	Director	$0	$0	$0
KEITH CROSBY	DIRECTOR	2.00	Director	$0	$0	$0
LATONYA POWELL-JOHNSON	BOARD OF ADVISORS	2.00	Director	$0	$0	$0
MIKE GANNAWAY	DIRECTOR	2.00	Director	$0	$0	$0
PAIGE WINGLER	DIRECTOR	2.00	Director	$0	$0	$0
PEYTON FAIRBANK	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL S DECKER	BOARD OF ADVISORS	2.00	Director	$0	$0	$0
RASHAD SLADE	DIRECTOR	2.00	Director	$0	$0	$0
REV NEWTON COWAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT GRAY	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
STEVE BILLINGS	CHAIR ELECT	2.00	Director	$0	$0	$0
THOMAS GLASER	DIRECTOR	2.00	Director	$0	$0	$0
CELESTE MACMURDO	EXECUTIVE VICE PRESIDENT O	40.00	Officer	$246,661	$22,640	$269,301
CHRISTOPHER GORHAM	PRESIDENT AND CEO	40.00	Officer	$378,897	$52,902	$431,799
DWIGHT CROTTS	VICE PRESIDENT OF COMPLIAN	40.00	Officer	$118,040	$5,944	$123,984
GEORGE LOTHIAN JR	VICE PRESIDENT OF INFORMAT	40.00	Officer	$145,618	$17,574	$163,192
JESSICA SCHULTZ	VICE PRESIDENT OF CAREER D	40.00	Officer	$153,739	$11,065	$164,804
KEVIN JAMES	CFO	40.00	Officer	$14,916	$0	$14,916
PATRICIA CAUDLE	SENIOR VICE PRESIDENT OF H	40.00	Officer	$165,731	$18,612	$184,343
PATTI-ANGELA MANEY	EXECUTIVE ASSISTANT	40.00	Officer	$0	$0	$0
TERESA EAST	VICE PRESIDENT OF MARKETIN	40.00	Officer	$114,060	$15,989	$130,049
BRADY MINK	EVP, CFO , RETIRED AS OF 12/6/24	40.00		$287,446	$24,713	$312,159

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
2025	$29,842,288	$26,012,242	$57,238,466	$3,830,046
2024	$28,522,785	$24,460,593	$53,572,534	$4,062,192
2023	$28,387,749	$23,222,248	$49,577,577	$5,165,501
2022	$25,790,924	$21,044,577	$40,100,021	$4,746,347
2021	$24,371,294	$18,679,184	$36,556,286	$5,692,110
2020	$20,496,324	$19,415,624	$32,688,083	$1,080,700
2019	$20,702,884	$18,952,007	$32,096,607	$1,750,877

GOODWILL INDUSTRIES OF CENTRAL NORTH CAR