Goodwill Industries of the Greater Chattanooga Area

EIN: 620544853 501(c)(3) Employment

Chattanooga, TN

Total Revenue
$20,827,769
Total Expenses
$19,684,160
Total Assets
$25,634,443
Net Assets
$12,390,453
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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
TN
Principal Officer
Gena Weldon
Phone
4236292501
Tax Period
2023-01-01 to 2023-12-31

Goodwill Industries of the Greater Chattanooga Area, founded in 1923, is a mid-sized nonprofit in the Employment sector that reported $20.8M in total revenue in fiscal year 2023. Expenses of $19.7M left a modest 5% surplus.

Mission

Goodwill Industries of the Greater Chattanooga Area's (GIGCA) mission is to help people transform potential into opportunity. The Organization does this by eliminating barriers to opportunity and helping people in need reach their full potential through learning and the power of work. To fulfill this mission, the Organization provides a variety of education, training, and employment programs and services.

Program Service Accomplishments

Program 1
Expenses: $15,500,297 Revenue: $19,858,672

Donated Goods and Retail Program Services: Goodwill Industries of the Greater Chattanooga Area utilizes its resale strategies to provide on the job training to persons with disabilities and other...

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Donated Goods and Retail Program Services: Goodwill Industries of the Greater Chattanooga Area utilizes its resale strategies to provide on the job training to persons with disabilities and other barriers to employment such as multi-generational poverty, history of incarceration, limited education, and no work experience. Goodwill accepts clothing and other household goods from the public and sells these donations in 17 Goodwill community-based stores. Revenue from the sale of these goods goes directly toward supporting and growing critical local programs and job placement services.

Program 2
Expenses: $1,266,578 Revenue: $454,408

Workforce Development Program Services: Goodwill Industries of the Greater Chattanooga Area provides education and career services, as well as job placement opportunities and post-employment support...

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Workforce Development Program Services: Goodwill Industries of the Greater Chattanooga Area provides education and career services, as well as job placement opportunities and post-employment support to individuals with disabilities and other barriers to employment so that they can find and keep good jobs. Individuals can achieve greater levels of self-sufficiency and economic success through Goodwill's family strengthening and workforce development services - such as employment training and education, work experience, employment retention services, financial literacy, digital skills and other training programs. Goodwill programs strengthen communities and families and promote independence and dignity for the people who need it most.

Program 3

Workforce Development Program Services (Continued): Accomplishments include: 100 years of work in the community, 432 participants received employment and training services, $356,581 total wages paid...

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Workforce Development Program Services (Continued): Accomplishments include: 100 years of work in the community, 432 participants received employment and training services, $356,581 total wages paid in training programs, and 9 million pounds of material diverted from landfills through sales and salvage operations in 2023. More than 85 cents of every dollar earned funds GIGCA's Job Training Programs and Services and 90% of our trainees retained their jobs for 90 plus days.

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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 (2023)

Revenue Breakdown

Contributions & Grants $699,725
Program Service Revenue $19,918,108
Investment Income $86,271
Other Revenue $123,665
TOTAL REVENUE $20,827,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,808,468
Fundraising Expenses $0
Program Expenses $16,766,875
Other Expenses $7,875,692
TOTAL EXPENSES $19,684,160

Year-over-Year Comparison

2023 2022 Change
Revenue $20,827,769 $20,309,224 +0.0%
Expenses $19,684,160 $17,622,402 +0.1%
Net Income $1,143,609 $2,686,822 -0.6%
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
10
Independent Members
10
Employees
822
Volunteers
3

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
7
$687,087
Total Directors
11
$344,666
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jim Catanzaro Director 1.00
Director
$0 $0 $0
Brian Hunt Director 1.00
Director
$0 $0 $0
Michael Fillauer Director 1.00
Director
$0 $0 $0
Rich Mozingo Director 1.00
Director
$0 $0 $0
Kim Bolton Director 1.00
Director
$0 $0 $0
Zach Hutcherson Director 1.00
Director
$0 $0 $0
Solara Sain Employee 40.00
Highest
$101,899 $6,757 $108,656
Shelly Goodin Employee 40.00
Highest
$99,571 $15,238 $114,809
Amy Katcher Secreatry 1.00
Officer Director
$0 $0 $0
Steve Perry Treasurer 1.00
Officer Director
$0 $0 $0
Dexter Cantelou Vice Chair 1.00
Officer Director
$0 $0 $0
Matt Williams Board Chair 1.00
Officer Director
$0 $0 $0
Janis Webb Vice President of Finance 40.00
Officer
$107,085 $10,865 $117,950
James Stailey COO 40.00
Officer
$192,641 $31,830 $224,471
Gena Weldon President & CEO 40.00
Officer Director
$311,117 $33,549 $344,666
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 No data No data No data No data
2023 $20,827,769 $19,684,160 $25,634,443 $1,143,609
2022 $20,309,224 $17,622,402 $22,571,779 $2,686,822
2021 $20,189,307 $15,578,058 $14,258,649 $4,611,249
2020 $15,165,222 $13,687,808 $6,642,693 $1,477,414
2019 $16,242,354 $16,326,441 $3,990,184 $-84,087
2018 $15,121,165 $15,533,641 $4,246,899 $-412,476
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