NASHVILLE, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Goodwill Industries of Middle TN Inc, founded in 1958, is a major nonprofit in the Employment sector that reported $111.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $103.5M left a modest 7% surplus.
CHANGING LIVES THROUGH EDUCATION, TRAINING AND EMPLOYMENT.
GOODWILL INDUSTRIES OF MIDDLE TENNESSEE IS A NONPROFIT ORGANIZATION THAT WAS FOUNDED IN 1957 WITH A MISSION TO CHANGE LIVES THROUGH EDUCATION, TRAINING, AND EMPLOYMENT. WE BELIEVE THAT EVERYONE...
GOODWILL INDUSTRIES OF MIDDLE TENNESSEE IS A NONPROFIT ORGANIZATION THAT WAS FOUNDED IN 1957 WITH A MISSION TO CHANGE LIVES THROUGH EDUCATION, TRAINING, AND EMPLOYMENT. WE BELIEVE THAT EVERYONE DESERVES A HAND UP, NOT A HANDOUT - A SAYING COINED BY OUR FOUNDER, THE REV. EDGAR J. HELMS, IN THE EARLY 1900S. WE SERVE MEMBERS OF OUR COMMUNITIES WHO FACE BARRIERS TO EMPLOYMENT, INCLUDING INDIVIDUALS WITH DISABILITIES AND THOSE LACK THE SKILLS, EDUCATION, AND TRAINING FOR EMPLOYMENT. OUR RETAIL STORES ALSO SERVE AS EMPLOYMENT SITES FOCUSED ON SERVICE AND TRAINING, OFFERING TRAINING, WORK EXPERIENCE, AND INCOME FOR PEOPLE WITH DISABILITIES AND OTHERS WHO HAVE TROUBLE FINDING AND KEEPING JOBS. WE PROVIDE OUR TEAM MEMBERS WITH EDUCATION, TRAINING PROGRAMS AND CAREER AND LIFE SKILLS SERVICES TO HELP THEM IDENTIFY THEIR CAREER GOALS AND OBTAIN THE SKILLS NECESSARY TO MEET THOSE GOALS. OUR GENEROUS DONORS PROVIDE US WITH GENTLY USED ITEMS THAT WE SELL IN OUR RETAIL STORES, OUTLETS, AND ONLINE AT ONLINEGOODWILL.COM. OVER 91% OF OUR ORGANIZATION'S TOTAL REVENUE IS GENERATED FROM THESE SALES TO FUND NO-COST EDUCATION, CAREER AND TECHNICAL TRAINING, AND JOB PLACEMENT SERVICES IN THE 48 COUNTIES WE SERVE IN MIDDLE AND WEST TENNESSEE. ALTHOUGH AFFILIATED WITH GOODWILL INDUSTRIES INTERNATIONAL IN ROCKVILLE, MARYLAND, WE OPERATE INDEPENDENTLY THROUGH OUR OWN LOCAL CEO AND GOVERNING BOARD OF DIRECTORS. WE ARE BASED IN NASHVILLE, TENNESSEE, AND ARE PROUD TO HAVE SERVED OUR COMMUNITIES FOR OVER SIX DECADES.
TRAINING PROGRAMS: AT GOODWILL INDUSTRIES OF MIDDLE TENNESSEE, REVENUE FROM THE SALE OF DONATED GOODS SERVES AS THE PRIMARY SOURCE OF FUNDING FOR OUR EDUCATION AND TRAINING PROGRAMS, AND EMPLOYMENT...
TRAINING PROGRAMS: AT GOODWILL INDUSTRIES OF MIDDLE TENNESSEE, REVENUE FROM THE SALE OF DONATED GOODS SERVES AS THE PRIMARY SOURCE OF FUNDING FOR OUR EDUCATION AND TRAINING PROGRAMS, AND EMPLOYMENT SERVICES. WE ARE COMMITTED TO PROVIDING FREE TRAINING TO COMMUNITY RESIDENTS, HELPING THEM OVERCOME EMPLOYMENT BARRIERS AND ACHIEVE THEIR CAREER GOALS. OUR FREE OCCUPATIONAL TRAINING PROGRAMS INCLUDE FORKLIFT OPERATION, CALL CENTER OPERATIONS, CUSTODIAL SERVICES, AND SKILLED TRADES SUCH AS CONSTRUCTION, SOLAR INSTALLATION, AND WELDING. ADDITIONALLY, WE OFFER TRAINING IN THE TECHNOLOGY FIELD WITH COURSES IN DIGITAL LITERACY AND CERTIFICATIONS THROUGH GROW WITH GOOGLE, IBM, AND CISCO. WE ALSO PROVIDE OVER A DOZEN FREE EMPLOYABILITY SKILLS CLASSES, INCLUDING ONLINE JOB SEARCH, RESUME DEVELOPMENT, INTERVIEW PREPARATION, FINANCIAL LITERACY, SOCIAL MEDIA MARKETING AND OFFICE PRODUCTIVITY. OUR MISSION IS TO EQUIP OUR CLIENTS WITH THE SKILLS AND KNOWLEDGE NECESSARY TO SUCCEED IN THE WORKFORCE AND REACH THEIR FULL POTENTIAL. AT GOODWILL INDUSTRIES OF MIDDLE TENNESSEE, WE BELIEVE THAT EVERYONE DESERVES THE OPPORTUNITY TO SUCCEED, AND WE ARE DEDICATED TO HELPING OUR COMMUNITY MEMBERS OVERCOME BARRIERS TO EMPLOYMENT AND ACHIEVE THEIR DREAMS.
GOODWILL INDUSTRIES OF MIDDLE TENNESSEE IS COMMITTED TO SUSTAINABILITY AND PROTECTING THE PLANET. ONE OF THE WAYS WE ACHIEVE THIS IS THROUGH OUR SALVAGE OPERATIONS, WHICH RECYCLE THE MAJORITY OF...
GOODWILL INDUSTRIES OF MIDDLE TENNESSEE IS COMMITTED TO SUSTAINABILITY AND PROTECTING THE PLANET. ONE OF THE WAYS WE ACHIEVE THIS IS THROUGH OUR SALVAGE OPERATIONS, WHICH RECYCLE THE MAJORITY OF DONATIONS THAT DO NOT SELL IN OUR RETAIL STORES, ONLINE, OR OUTLET LOCATIONS. IN 2024 ALONE, WE REPURPOSED OR REUSED MORE THAN 27.7 MILLION POUNDS OF SALVAGE AND RECYCLABLE MATERIALS, KEEPING THEM OUT OF LANDFILLS. WE ALSO SOLD 7.8 MILLION POUNDS OF CLOTHING THROUGH OUR STORES AND OUTLETS, PREVENTING OVER 21.8 MILLION POUNDS OF GREENHOUSE GAS EMISSIONS FROM ENTERING THE ATMOSPHERE. THIS HAS HAD A TREMENDOUS POSITIVE IMPACT ON THE ENVIRONMENT BY REDUCING WASTE AND PREVENTING HARMFUL TOXINS FROM LEACHING INTO THE SOIL AND WATER SUPPLY. IN ADDITION TO OUR RECYCLING EFFORTS, GOODWILL INDUSTRIES OF MIDDLE TENNESSEE'S THRIFT SALES ALSO PLAY A SIGNIFICANT ROLE IN PROMOTING SUSTAINABILITY. BY SELLING DONATED CLOTHING, HOUSEHOLD GOODS, AND FURNITURE AT AFFORDABLE PRICES, WE HELP TO REDUCE THE DEMAND FOR NEW GOODS, WHICH IN TURN SAVES ENERGY, REDUCES CARBON EMISSIONS, AND CONSERVES NATURAL RESOURCES. ACCORDING TO THE ENVIRONMENTAL PROTECTION AGENCY, FOR EVERY 1 TON OF TEXTILES THAT ARE REUSED OR RECYCLED, APPROXIMATELY 5.6 METRIC TONS OF GREENHOUSE GAS EMISSIONS ARE PREVENTED FROM ENTERING THE ATMOSPHERE. BY THIS CALCULATION, THE 27.7 MILLION POUNDS OF TEXTILES SALVAGED OR RECYCLED BY GOODWILL IN 2024 ALONE HAD A SIGNIFICANT ENVIRONMENTAL IMPACT. THESE EFFORTS PREVENTED NEARLY 171 MILLION POUNDS OF GREENHOUSE GAS EMISSIONS FROM ENTERING THE ATMOSPHERE. BY RECYCLING 3.5 MILLION POUNDS OF CARDBOARD AND PAPER PULP, GOODWILL INDUSTRIES OF MIDDLE TENNESSEE ALSO SAVED MORE THAN 29,750 TREES FROM BEING CUT DOWN. TREES PLAY A CRUCIAL ROLE IN REDUCING CARBON DIOXIDE IN THE ATMOSPHERE, SO PRESERVING THEM IS AN ESSENTIAL PART OF ANY SUSTAINABILITY EFFORT. THROUGH OUR RECYCLING AND THRIFT SALES PROGRAMS, WE ARE PROUD TO CONTRIBUTE TO THE FIGHT AGAINST CLIMATE CHANGE WHILE PROVIDING VALUABLE JOB TRAINING AND EMPLOYMENT OPPORTUNITIES TO MEMBERS OF OUR COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $111,776,704 | $100,342,138 | +0.1% |
| Expenses | $103,475,936 | $152,824,498 | -0.3% |
| Net Income | $8,300,768 | $-52,482,360 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRYAN BEAN | PAST BOARD CHAIR | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER DUNN | LEGAL COUNSEL | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF YOUNG | VICE CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN MITCHELL | TREASURER | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL MADDEN | BOARD CHAIR | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| PHILLIP MCGOWAN | SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| BETH DUFFIELD | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| CANDACE MCQUEEN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| CHRISTINA OAKELEY | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| CLAY TETER | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| D SCOTT TURNER | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| EMILY CUMMINGS | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| GABRIELA MORAN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| JOHN CHOBANIAN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| KEITH LAMPKIN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| RICHARD EWING | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| ROB IVY | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| ROB MASSIE | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| ROY JORDAN | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| RYAN JOLLEY | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| SHANE DOUGLAS | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| TOM LAMPE | DIRECTOR | 0.5 |
Director
|
$0 | $0 | $0 |
| CHRISTINE SKOLD | CFO | 39.0 |
Officer
|
$255,861 | $12,439 | $268,300 |
| CYNTHIA VARNER | CHIEF MISSION OFFICER | 40.0 |
Officer
|
$243,812 | $3,962 | $247,774 |
| LEISA WAMSLEY | CHIEF OPERATIONS OFFICER | 40.0 |
Officer
|
$249,818 | $18,217 | $268,035 |
| MATTHEW BOURLAKAS | PRESIDENT & CEO | 40.0 |
Officer
|
$435,263 | $23,610 | $458,873 |
| DEQA ELMI | VP/DONATED GOODS | 40.0 |
Key Emp
|
$191,306 | $10,080 | $201,386 |
| BETH ALEXANDER | VP DEVELOPMENT | 40.0 |
Highest
|
$158,593 | $4,131 | $162,724 |
| ED O'KELLEY | VP/INFO TECHNOLOGY | 40.0 |
Highest
|
$185,838 | $11,010 | $196,848 |
| GEORGE CARLSON | VP/MISSION ADVANCEMENT | 40.0 |
Highest
|
$171,235 | $9,533 | $180,768 |
| MICHAEL MOTT | VP/HUMAN RESOURCES | 40.0 |
Highest
|
$166,747 | $11,770 | $178,517 |
| WENDY WHITE | VP/FINANCE AND ACCOUNTING | 40.0 |
Highest
|
$178,248 | $9,255 | $187,503 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $111,776,704 | $103,475,936 | $119,474,506 | $8,300,768 |
| 2023 | $100,342,138 | $152,824,498 | $116,068,000 | $-52,482,360 |
| 2022 | $87,208,911 | $68,753,866 | $162,218,450 | $18,455,045 |
| 2021 | $78,995,552 | $61,510,630 | $119,782,288 | $17,484,922 |
| 2020 | $69,498,158 | $54,142,202 | $102,348,568 | $15,355,956 |
| 2019 | $64,258,779 | $60,600,955 | $84,192,904 | $3,657,824 |
| 2018 | $93,413,956 | $65,298,095 | $80,151,622 | $28,115,861 |
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