MEMPHIS GOODWILL INDUSTRIES INC (EIN 620476294) - 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

1941

Legal Domicile

Principal Officer

MICHAEL MARTINI

Phone

9013236221

Tax Period

2024-01-01 to 2024-12-31

MEMPHIS GOODWILL INDUSTRIES INC, founded in 1941, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 22% operating margin.

Mission

TO PROVIDE JOBS AND VOCATIONAL REHABILITATIVE SERVICES FOR DISABLED PERSONS THROUGH CONTRACTS WITH FEDERAL AND STATE GOVERNMENTS

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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 $7,152,407

Investment Income $0

Other Revenue $136

TOTAL REVENUE $7,152,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,664,976

Fundraising Expenses $0

Program Expenses $5,570,743

Other Expenses $905,767

TOTAL EXPENSES $5,570,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,152,543	$5,930,304	+0.2%
Expenses	$5,570,743	$4,817,067	+0.2%
Net Income	$1,581,800	$1,113,237	+0.4%

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

152

Volunteers

N/A

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

$457,515

Total Directors

$457,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY MARTINI	EX-OFFICIO DIRECTOR	40.00	Officer Director	$0	$15,383	$457,515
DEACON BILL DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN WILLIAMS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MACKY SNEED	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
LATISHA ROBERTSON	VP OF CONTRACTS	40.00	Highest	$123,135	$7,592	$130,727

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	$7,152,543	$5,570,743	$2,303,642	$1,581,800
2023	$5,930,304	$4,817,067	$1,680,599	$1,113,237
2022	$5,143,533	$4,027,859	$1,396,918	$1,115,674
2021	$4,418,155	$3,289,268	$875,066	$1,128,887
2020	$4,118,861	$3,427,567	$809,007	$691,294
2019	$4,011,406	$3,609,446	$655,478	$401,960
2018	$3,994,333	$3,505,160	$590,154	$489,173

MEMPHIS GOODWILL INDUSTRIES INC