GOODWILL INDUSTRIES OF KENTUCKY INC (EIN 610475284) - 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

1923

Legal Domicile

Principal Officer

AMY LUTTRELL

Phone

5022721700

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF KENTUCKY INC, founded in 1923, is a major nonprofit in the Employment sector that reported $138.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $133.3M left a modest 4% surplus.

Mission

TO HELP PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES ACHIEVE AND MAINTAIN EMPLOYMENT TO GAIN A BETTER QUALITY OF LIFE THROUGH JOB CREATION, PLACEMENT, ADDRESSING BARRIERS TO EMPLOYMENT, AND OTHER TRAINING.

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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 $44,152,244

Program Service Revenue $90,532,512

Investment Income $2,804,662

Other Revenue $769,654

TOTAL REVENUE $138,259,072

Expense Breakdown

Grants Paid $10,583,174

Salaries & Benefits $84,339,352

Fundraising Expenses $294,358

Program Expenses $120,267,796

Other Expenses $38,336,448

TOTAL EXPENSES $133,258,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,259,072	$127,918,534	+0.1%
Expenses	$133,258,974	$112,568,441	+0.2%
Net Income	$5,000,098	$15,350,093	-0.7%

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

4715

Volunteers

483

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

$1,254,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH HAYDON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DEB MURPHY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DOUGLAS EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HUNTER	TREASURER	1.00	Officer Director	$0	$0	$0
JASON GRONECK	BOARD MEMBER	1.00	Director	$0	$0	$0
CROSWELL CHAMBERS	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH DAVISSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERIE FLUECK	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN QUARLES	BOARD MEMBER (FROM 01/24)	1.00	Director	$0	$0	$0
CONNIE HARVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
LLOYD LEDET	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES J KANE	BOARD MEMBER (THRU 01/24)	1.00	Director	$0	$0	$0
WILLIAM STOUT	TREASURER (THRU 01/24)	1.00	Director	$0	$0	$0
JENNIFER GREEN	BOARD MEMBER (FROM 01/24)	1.00	Director	$0	$0	$0
KATHRYN NASH	BOARD MEMBER (FROM 04/24)	1.00	Director	$0	$0	$0
STEPHEN BRANSCUM	BOARD MEMBER (FROM 07/24)	1.00	Director	$0	$0	$0
AMY LUTTRELL	PRESIDENT & CEO	40.00	Officer	$430,806	$20,534	$451,340
RENA SHARPE	CHIEF OPERATING OFFICER	40.00	Officer	$340,904	$20,968	$361,872
MARK HOHMANN	CHIEF FINANCIAL OFFICER	40.00	Officer	$275,563	$30,557	$306,120
DEVONE HOLT	CHIEF EXT AFFAIRS OFF (THRU 5/24)	40.00	Officer	$122,982	$8,210	$131,192
KEVIN SMITH	CHIEF EXT AFFAIRS OFF (FROM 12/24)	40.00	Officer	$4,423	$0	$4,423
MARK DANIEL	VICE PRESIDENT RETAIL	40.00	Highest	$198,929	$16,034	$214,963
JONATHAN ELLER	VICE PRESIDENT PROPRTY & F	40.00	Highest	$171,940	$8,589	$180,529
GAURI BHALERAO	VICE PRESIDENT INFORMATION TECHNOLOGY	40.00	Highest	$217,143	$7,099	$224,242
MARCIA MC CLENDON	VICE PRESIDENT PEOPLE RESO	40.00	Highest	$183,396	$11,771	$195,167
MARTHA STEPHENSON	VICE PRESIDENT CAREER SERV	40.00	Highest	$166,160	$25,437	$191,597

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	$138,259,072	$133,258,974	$235,699,165	$5,000,098
2023	$127,918,534	$112,568,441	$216,149,239	$15,350,093
2022	$113,975,000	$98,407,965	$194,170,537	$15,567,035
2021	$90,756,692	$75,819,096	$178,094,287	$14,937,596
2020	$74,794,732	$60,512,060	$160,276,409	$14,282,672
2019	$69,667,748	$60,263,113	$143,762,320	$9,404,635
2018	$63,959,246	$58,408,671	$131,407,332	$5,550,575

GOODWILL INDUSTRIES OF KENTUCKY INC