GOODWILL INDUSTRIES OF MISSISSIPPI INC

EIN: 640362410 501(c)(3)

RIDGELAND, MS

Total Revenue
$10,184,580
Total Expenses
$8,560,947
Total Assets
$17,299,886
Net Assets
$9,152,886
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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
1955
Legal Domicile
MS
Principal Officer
BRAD STEFFANI
Phone
6018538110
Tax Period
2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF MISSISSIPPI INC, founded in 1955, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 16% operating margin.

Mission

TO TRANSFORM LIVES THROUGH LIFELONG LEARNING AND MEANINGFUL WORK.

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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 $520,548
Program Service Revenue $9,593,201
Investment Income $58,604
Other Revenue $12,227
TOTAL REVENUE $10,184,580

Expense Breakdown

Grants Paid $4,295
Salaries & Benefits $5,102,602
Fundraising Expenses $0
Program Expenses $6,876,056
Other Expenses $3,454,050
TOTAL EXPENSES $8,560,947

Year-over-Year Comparison

2023 2022 Change
Revenue $10,184,580 $8,833,758 +0.2%
Expenses $8,560,947 $6,850,536 +0.2%
Net Income $1,623,633 $1,983,222 -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

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Governance

Voting Members
14
Independent Members
14
Employees
428
Volunteers
100

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
6
$199,686
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SPENCE FLETCHER BOARD CHAIR 0.50
Officer Director
$0 $0 $0
SHANNON HILLMAN VICE CHAIR 0.50
Officer Director
$0 $0 $0
JACOB A BRADLEY TREASURER 0.50
Officer Director
$0 $0 $0
TOM TROXLER SECRETARY 0.50
Officer Director
$0 $0 $0
JANA NICOLS PAST BOARD CHAIR 0.50
Officer Director
$0 $0 $0
MARY HELEN BOWEN DIRECTOR 0.50
Director
$0 $0 $0
RICKI GARRETT DIRECTOR 0.50
Director
$0 $0 $0
RENAE HARRELL DIRECTOR 0.50
Director
$0 $0 $0
DAVID HENRY DIRECTOR 0.50
Director
$0 $0 $0
LAURA LAW DIRECTOR 0.50
Director
$0 $0 $0
DEANNE MOSLEY DIRECTOR 0.50
Director
$0 $0 $0
BROOKE PLUMMER DIRECTOR 0.50
Director
$0 $0 $0
CURNIS UPKINS DIRECTOR 0.50
Director
$0 $0 $0
CATHERINE FLORREICH DIRECTOR/GIVS PRESIDENT 0.50
Director
$0 $0 $0
BRAD STEFFANI PRESIDENT/CEO 40.00
Officer
$199,686 $0 $199,686
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 $10,184,580 $8,560,947 $17,299,886 $1,623,633
2022 $8,833,758 $6,850,536 $12,596,892 $1,983,222
2021 $8,732,613 $6,295,594 $5,904,004 $2,437,019
2020 $6,151,539 $5,678,631 $3,379,631 $472,908
2019 $6,583,325 $6,257,702 $2,774,401 $325,623
2018 $5,940,964 $5,408,609 $2,531,341 $532,355
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