GOODWILL INDUSTRIES OF THE COASTAL EMPIRE INC (EIN 586046795) - 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

1965

Legal Domicile

Principal Officer

JASON MARSHALL

Phone

9123546611

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF THE COASTAL EMPIRE INC, founded in 1965, is a community nonprofit in the Employment sector that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

WE TRANSFORM LIVES THROUGH EDUCATION, SKILLS TRAINING, AND EMPLOYMENT OPPORTUNITIES TO EMPOWER INDIVIDUALS WITH DIFFERING ABILITIES, CHALLENGES, AND OBSTACLES TO REACH THEIR HIGHEST POTENTIAL.

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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 $0

Program Service Revenue $5,458,464

Investment Income $139,022

Other Revenue $0

TOTAL REVENUE $5,597,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,235,393

Fundraising Expenses $0

Program Expenses $5,025,441

Other Expenses $1,757,520

TOTAL EXPENSES $5,992,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,597,486	$6,011,798	-0.1%
Expenses	$5,992,913	$5,876,865	+0.0%
Net Income	$-395,427	$134,933	-3.9%

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

120

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON MARSHALL	EX OFFICIO/CEO	1.00	Officer Director	$0	$0	$0
STUART CLIFFORD	CHAIR	1.00	Officer Director	$0	$0	$0
IVY COUNCIL	EX OFFICIO	1.00	Director	$0	$0	$0
ROBERT MCCORKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ADEL KARAM	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY DEVETTER	BOARD MEMBER	1.00	Director	$0	$0	$0
GEOFF KENT	ASSISTANT TREASURER/CFO	1.00	Officer	$0	$0	$0
MARLA COCALIS	SECRETARY/TREASURER	1.00	Officer	$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	$5,597,486	$5,992,913	$7,230,604	$-395,427
2023	$6,011,798	$5,876,865	$7,628,896	$134,933
2022	$5,624,774	$5,457,165	$7,484,819	$167,609
2021	$6,089,916	$4,931,958	$7,372,299	$1,157,958
2020	$5,137,915	$4,574,625	$7,039,796	$563,290
2019	$6,009,807	$5,598,624	$5,662,038	$411,183
2018	$5,800,251	$4,981,574	$5,344,816	$818,677

GOODWILL INDUSTRIES OF THE COASTAL EMPIRE INC