GOODWILL INDUSTRIES - KNOXVILLE INC (EIN 620868796) - 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

1971

Legal Domicile

Principal Officer

ELIZABETH NOTHER

Phone

8655888567

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES - KNOXVILLE INC, founded in 1971, is a mid-sized nonprofit in the Employment sector that reported $22.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE VOCATIONAL SERVICES & EMPLOYMENT OPPORTUNITIES FOR PEOPLE WHO, DUE TO DISABILITY OR DISADVANTAGE, FACE BARRIERS FOR COMPETITIVE EMPLOYMENT.

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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 $7,836,062

Program Service Revenue $14,125,384

Investment Income $710,802

Other Revenue $1,537

TOTAL REVENUE $22,673,785

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $8,672,840

Fundraising Expenses $0

Program Expenses $20,791,506

Other Expenses $13,522,817

TOTAL EXPENSES $22,208,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,673,785	$21,185,487	+0.1%
Expenses	$22,208,657	$20,633,865	+0.1%
Net Income	$465,128	$551,622	-0.2%

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

569

Volunteers

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

$315,907

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE CARR	BOARD MEMBER	0.50	Director	$0	$0	$0
WES BLOSSER	BOARD MEMBER	0.50	Director	$0	$0	$0
BRAIN STRONG	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
MEGAN RHODES	SECRETARY-TREASURER	0.50	Officer Director	$0	$0	$0
TARA DUNCAN RICHARDSON	BOARD MEMBER	0.50	Director	$0	$0	$0
BOB KESLING	BOARD MEMBER	0.50	Director	$0	$0	$0
MERILEE MCCURDY PHD	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN H LEY	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
RYAN P MCNALLY	BOARD MEMBER	0.50	Director	$0	$0	$0
DR AMELIA HART CPA CGMA	BOARD MEMBER	0.50	Director	$0	$0	$0
DR AMY SKINNER LPCMHSP	CHAIRPERSON-ELECT	0.50	Officer Director	$0	$0	$0
WADE ESAU	BOARD MEMBER	0.50	Director	$0	$0	$0
CONNOR MILES	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
ELIZABETH NOTHER	PRESIDENT & CEO	40.00	Officer	$282,871	$33,036	$315,907
DAVID G WHITE	VP OF FINANCE	40.00	Highest	$123,753	$9,070	$132,823
MEAGHAN JOHNSON	VP OF WORKFORCE DEVELOPMENT	40.00	Highest	$118,680	$8,946	$127,626
NANCY NICOLE KNOXVILLE	SENIOR VICE PRESIDENT OF RETAIL	40.00	Highest	$151,101	$7,084	$158,185

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	$22,673,785	$22,208,657	$49,169,696	$465,128
2023	$21,185,487	$20,633,865	$46,607,484	$551,622
2022	$18,799,522	$18,656,605	$44,701,905	$142,917
2021	$19,652,369	$18,516,009	$38,369,521	$1,136,360
2020	$22,872,246	$17,925,663	$36,812,628	$4,946,583
2019	$19,993,829	$19,177,138	$31,117,043	$816,691
2018	$18,243,509	$18,032,054	$29,776,421	$211,455

GOODWILL INDUSTRIES - KNOXVILLE INC