ALABAMA GOODWILL INDUSTRIES INC (EIN 630288794) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

DAVID WELLS

Phone

2053236331

Tax Period

2023-01-01 to 2023-12-31

ALABAMA GOODWILL INDUSTRIES INC, founded in 1936, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2018.

Mission

REHABILITATION SERVICES, TRAINING, EMPLOYMENT AND OPPORTUNITIES FOR PERSONAL GROWTH TO THE DISABLED AND DISADVANTAGED.EMPLOYMENT OPPORTUNITIES THROUGH WORK SERVICES OR COMPETITIVE JOBS DEVELOPED THROUGH CORPORATE GROWTH AND COMMUNITY PLACEMENT PROGRAMS. TRAINING SPECIFIC SKILLS AND THE DEVELOPMENT OF APPROPRIATE WORK BEHAVIORS AND HABITS. COUNSELING AND GUIDANCE MAINTENANCE OR PREPARATION OF INDEPENDENT FUNCTIONING WITHIN THE GENERAL SOCIETY. TRANSITIONAL SERVICES CONSUMER MOVEMENT THROUGHOUT THE FACILITY PROGRAMMING INTO COMMUNITY EMPLOYMENT OPPORTUNITIES. ASSIST INDIVIDUALS IN FINDING JOBS IN THE COMPETITIVE MARKET OR CONTINUING TO OFFER SERVICES AS THEY CONTINUE TO DEVELOP THE NEEDED SKILLS/HABITS TO COMPETITIVE EMPLOYMENT. SERVICES HAVE BEEN DESIGNED TO IMPLEMENT THE ELEMENTS OF ALABAMA GOODWILL'S MISSION. AS ALABAMA GOODWILL GROWS AND EVOLVES, SO TOO, DOES OUR PERCEPTION AND INTERPRETATION OF THIS MISSION. WE ARE COMMITTED TO THE FUTURE AND ARE ORIENTED TOWARDS RESULTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,760,732

Program Service Revenue $18,057,309

Investment Income $1,398,659

Other Revenue $216,743

TOTAL REVENUE $22,433,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,533,689

Fundraising Expenses $178,636

Program Expenses $17,927,530

Other Expenses $8,929,499

TOTAL EXPENSES $21,463,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,433,443	$17,642,209	+0.3%
Expenses	$21,463,188	$17,858,880	+0.2%
Net Income	$970,255	$-216,671	-5.5%

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

1008

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

$659,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHALL RATHMELL CPA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
THOMAS E WALKER	DIRECTOR	1.00	Director	$0	$0	$0
RAYFORD L COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAKE DATNOFF	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MANOGUE	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JESSICA VANCE	DIRECTOR	1.00	Director	$0	$0	$0
WES CLINE	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON WRIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
ASHLEY J SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY RODGERS	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL LEE	DIRECTOR	1.00	Director	$0	$0	$0
AYLA RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
JACY FISHER	DIRECTOR	1.00	Director	$0	$0	$0
HARMONY MENDOZA	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY HUGHLEY	PAST BOARD OF CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SHAWRA RAINER	SECRETARY	1.00	Officer Director	$0	$0	$0
TED SPRINGER	DIRECTOR	1.00	Director	$0	$0	$0
WILL HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WELLS	CEO AND PRESIDENT	40.00	Officer	$229,575	$0	$229,575
NOAH BROWN	VP FINANCE/IT	40.00	Officer	$176,459	$0	$176,459
DOUGLAS PRESCOTT	VP OF OPERATIONS	40.00	Officer	$185,912	$0	$185,912
KRISTINA RAWSON AUGUST 2023-PRESENT	VP OF MISSION ADVANCEMENT	40.00	Officer	$67,842	$0	$67,842

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	No data	No data	No data	No data
2023	$22,433,443	$21,463,188	$33,388,839	$970,255
2023	$22,433,443	$21,463,188	$33,388,839	$970,255
2022	$17,642,209	$17,858,880	$33,375,757	$-216,671
2021	$11,524,779	$11,096,194	$7,408,610	$428,585
2020	$7,875,818	$8,569,461	$7,085,057	$-693,643
2019	$6,322,351	$7,017,929	$6,876,848	$-695,578
2018	$5,240,261	$5,319,024	$5,566,639	$-78,763

ALABAMA GOODWILL INDUSTRIES INC