GOODWILL INDUSTRIES OF NORTH GEORGIA INC (EIN 580566193) - 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

1925

Legal Domicile

Principal Officer

KEITH T PARKER

Phone

4045549651

Tax Period

2023-07-01 to 2024-06-30

GOODWILL INDUSTRIES OF NORTH GEORGIA INC, founded in 1925, is a mid-sized nonprofit in the Employment sector that reported $15.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 17% operating margin.

Mission

THE ORGANIZATION EXISTS TO PROVIDE EMPLOYMENT, REHABILITATIVE SERVICES, JOB TRAINING AND JOB PLACEMENT SERVICES FOR PERSONS WITH DISABILITIES OR DISADVANTAGING CONDITIONS.

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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 $0

Program Service Revenue $15,097,333

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,097,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,696,007

Fundraising Expenses $0

Program Expenses $9,760,237

Other Expenses $2,874,384

TOTAL EXPENSES $12,570,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,097,333	$13,767,491	+0.1%
Expenses	$12,570,391	$12,119,249	+0.0%
Net Income	$2,526,942	$1,648,242	+0.5%

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

228

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

$1,160,640

Total Directors

$780,419

Key Employees

$380,986

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH PARKER	President	3.0	Officer Director	$0	$52,738	$780,419
SCOTT A PARRY	VP Facilities Services	40.0	Key Emp	$0	$40,800	$380,986
TIMOTHY A O'CONNELL	CFO	2.0	Officer	$0	$6,605	$380,221
ERNEST H FINLEY	Senior Dir of Contracts	1.0	Highest	$0	$29,774	$188,688
KIRK HALPERN	IMMEDIATE PAST BOARD	0.25	Officer Director	$0	$0	$0
DR KOFI SMITH	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
ELLEN STERN	SECRETARY	0.25	Officer Director	$0	$0	$0
SOLANGE CLAUDIO	DIRECTOR	0.25	Director	$0	$0	$0
ANDRE DICKENS	DIRECTOR	0.25	Director	$0	$0	$0
EDWARD FERGUSON	TREASURER	0.25	Director	$0	$0	$0
Aiten McPherson	DIRECTOR	0.25	Director	$0	$0	$0
Clyde Mize Jr	DIRECTOR	0.25	Director	$0	$0	$0
DR ELOISA KLEMENTICH	DIRECTOR	0.25	Director	$0	$0	$0
DANIEL MILLER	DIRECTOR	0.25	Director	$0	$0	$0
C DAVID MOODY JR	DIRECTOR	0.25	Director	$0	$0	$0
ERICA QUALLS-BATTEY	DIRECTOR	0.25	Director	$0	$0	$0
DR DERETTA COLE RHODES	VICE CHAIR (until 12/2023)	0.25	Director	$0	$0	$0
NATOSHA REID RICE	DIRECTOR	0.25	Director	$0	$0	$0
CAROL WADDY	DIRECTOR	0.25	Director	$0	$0	$0
KYLE WAIDE	DIRECTOR	0.25	Director	$0	$0	$0
ALICEN BLAIR	DIRECTOR	0.25	Director	$0	$0	$0
WINNIFER THOMAS-COX	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE JACKSON	DIRECTOR	0.25	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
2025	No data	No data	No data	No data
2024	$15,097,333	$12,570,391	$18,761,458	$2,526,942
2023	$13,767,491	$12,119,249	$16,459,805	$1,648,242
2022	$13,585,158	$12,098,200	$15,162,490	$1,486,958
2021	$13,496,741	$11,225,886	$13,297,903	$2,270,855
2020	$11,833,479	$10,360,881	$10,307,481	$1,472,598
2019	$11,268,992	$10,168,879	$9,002,415	$1,100,113
2018	$11,147,127	$9,857,249	$7,461,723	$1,289,878

GOODWILL INDUSTRIES OF NORTH GEORGIA INC