Goodwill Industries of Middle TN Inc

EIN: 620599413 501(c)(3) Employment

NASHVILLE, TN

Total Revenue
$111,776,704
Total Expenses
$103,475,936
Total Assets
$119,474,506
Net Assets
$75,677,325
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
TN
Phone
6157424151
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

CHANGING LIVES THROUGH EDUCATION, TRAINING AND EMPLOYMENT.

Program Service Accomplishments

Program 1
Expenses: $65,207,827 Revenue: $41,830,256

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...

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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.

Program 2
Expenses: $22,104,950 Revenue: $0

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...

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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.

Program 3
Expenses: $3,519,701 Revenue: $4,891,410

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...

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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.

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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 $62,937,707
Program Service Revenue $46,714,916
Investment Income $1,336,141
Other Revenue $787,940
TOTAL REVENUE $111,776,704

Expense Breakdown

Grants Paid $15,069,960
Salaries & Benefits $60,235,773
Fundraising Expenses $534,752
Program Expenses $92,116,375
Other Expenses $28,116,787
TOTAL EXPENSES $103,475,936

Year-over-Year Comparison

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%
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
22
Independent Members
22
Employees
2715
Volunteers
24

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
10
$1,242,982
Total Directors
22
$0
Key Employees
1
$201,386
Highest Compensated
5
reported
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
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 $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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