GOODWILL INDUSTRIES OF KENTUCKY INC

EIN: 610475284 501(c)(3) Employment

LOUISVILLE, KY

Total Revenue
$138,259,072
Total Expenses
$133,258,974
Total Assets
$235,699,165
Net Assets
$184,085,109
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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
KY
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

GOODWILL'S MISSION IS TO HELP PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES ACHIEVE AND MAINTAIN EMPLOYMENT TO GAIN A BETTER QUALITY OF LIFE.

Program Service Accomplishments

Program 1
Expenses: $78,155,697 Revenue: $74,417,257

GOODWILL INDUSTRIES OF KENTUCKY, INC.'S RETAIL PROGRAM HELPS PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES OBTAIN AND MAINTAIN EMPLOYMENT AT ONE OF ITS 66 STORES THROUGHOUT KENTUCKY BY PROVIDING...

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GOODWILL INDUSTRIES OF KENTUCKY, INC.'S RETAIL PROGRAM HELPS PEOPLE WITH DISABILITIES OR OTHER DISADVANTAGES OBTAIN AND MAINTAIN EMPLOYMENT AT ONE OF ITS 66 STORES THROUGHOUT KENTUCKY BY PROVIDING EMPLOYMENT, TRAINING OPPORTUNITIES, AND ACCESS TO PROGRAMS AND RESOURCES THAT ADDRESS BARRIERS TO EMPLOYMENT. THE STORES SELL A VARIETY OF MERCHANDISE (DONATED BY THE GENERAL PUBLIC) TO THE COMMUNITY AT DISCOUNTED PRICES TO DIVERT ITEMS FROM LOCAL LANDFILLS AND TO GENERATE FUNDING TO SUPPORT EMPLOYMENT COUNSELING, EDUCATIONAL PROGRAMS AND JOB TRAINING SERVICES, AND OTHER BARRIER REDUCTION PROGRAMS. DURING 2024, 2,900 INDIVIDUALS WITH DISABILITIES OR OTHER DISADVANTAGES PARTICIPATED IN THE RETAIL PROGRAM, AND THE PROGRAM PAID WAGES TO INDIVIDUALS WITH DISABILITIES AND OTHER DISADVANTAGES TOTALING $38,402,277. ADDITIONALLY OVER 70 MILLION POUNDS WERE DIVERTED FROM LANDFILLS.

Program 2
Expenses: $37,437,923 Revenue: $11,554,369

GOODWILL INDUSTRIES OF KENTUCKY, INC.'S OPPORTUNITY CENTERS AND MISSION INTEGRATION SERVICES PROVIDE PATHWAYS TO IMPROVED JOB STATUS AND GREATER SELF-SUFFICIENCY FOR INDIVIDUALS FACING BARRIERS TO...

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GOODWILL INDUSTRIES OF KENTUCKY, INC.'S OPPORTUNITY CENTERS AND MISSION INTEGRATION SERVICES PROVIDE PATHWAYS TO IMPROVED JOB STATUS AND GREATER SELF-SUFFICIENCY FOR INDIVIDUALS FACING BARRIERS TO ACHIEVING OR MAINTAINING EMPLOYMENT SUCH AS THOSE WITH LIMITED EDUCATION, THOSE RECOVERING FROM ADDICTION, FORMER OFFENDERS RE-ENTERING SOCIETY FROM INCARCERATION, AT-RISK YOUTH, THE HOMELESS OR UNHOUSED, AND OTHERS EXPERIENCING CHRONIC POVERTY. THE 12 OPPORTUNITY CENTERS AND YOUNG ADULT OPPORTUNITY CENTER PROVIDE PERSONAL COUNSELING AND JOB COACHING, SKILLS TRAINING, ASSESSMENTS, JOB PLACEMENT AND RETENTION SERVICES, AND ACCESS TO ADDITIONAL BARRIER REDUCTION PROGRAMS AND COMMUNITY PARTNER RESOURCES. THESE PROGRAMS MADE 3,102 FULL TIME JOB PLACEMENTS (INCLUDING 1,138 INDIVIDUALS ACHIEVING IMPROVED JOB STATUS SUCH AS A PROMOTION, HIGHER PAY, OR INCREASED BENEFITS), AND 486 PART TIME JOB PLACEMENTS. THE PROGRAMS DELIVERED 20,944 SERVICES, INCLUDING 3,215 INDIVIDUALS RECEIVING SOFT SKILLS CERTIFICATES, 1,057 EXPUNGEMENT SERVICES, 105 RECEIVING HOUSING PLACEMENTS, 79 RECEIVING FINANCIAL LITERACY CERTIFICATES, AND 653 INDIVIDUALS COMPLETING HIGHER EDUCATION OR AN OTHER RECOGNIZED CREDENTIAL.

Program 3
Expenses: $2,337,088 Revenue: $2,280,443

GOODWILL INDUSTRIES OF KENTUCKY, INC. SENIOR COMMUNITY EMPLOYMENT SERVICE PROGRAM (SCSEP) THROUGH A NATIONAL DEPARTMENT OF LABOR (DOL) GRANT IS DESIGNED TO LINK LOW-INCOME, OLDER WORKERS TO...

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GOODWILL INDUSTRIES OF KENTUCKY, INC. SENIOR COMMUNITY EMPLOYMENT SERVICE PROGRAM (SCSEP) THROUGH A NATIONAL DEPARTMENT OF LABOR (DOL) GRANT IS DESIGNED TO LINK LOW-INCOME, OLDER WORKERS TO ON-THE-JOB TRAINING THAT CAN HELP THEM MOVE INTO PAID EMPLOYMENT. THROUGH SCSEP, GOODWILL MATCHES ELIGIBLE INDIVIDUALS AGE 55 AND OLDER WITH NONPROFITS OR PUBLIC AGENCIES FOR ON-THE-JOB TRAINING IN A PROFESSIONAL WORK ENVIRONMENT, PAID BY THE SCSEP PROGRAM. THE SCSEP PROGRAM SERVED 329 INDIVIDUALS, MADE 18 FULL-TIME JOB PLACEMENTS, 24 PART-TIME JOB PLACEMENTS, WHILE PAYING OVER $1,635,723 IN MISSION-RELATED WAGES.

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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 $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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Governance

Voting Members
15
Independent Members
15
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
9
$1,254,947
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
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
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