GOODWILL INDUSTRIES OF ARKANSAS INC

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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

1927

Legal Domicile

Phone

5013725100

Tax Period

2024-07-01 to 2025-06-30

GOODWILL INDUSTRIES OF ARKANSAS INC, founded in 1927, is a mid-sized nonprofit that reported $78.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $67.6M left a modest 14% surplus.

Mission

MISSION: CHANGING LIVES THROUGH EDUCATION, TRAINING AND EMPLOYMENT. VISION: PEOPLE IN THE COMMUNITIES WE SERVE WILL HAVE IMPROVED SKILLS THAT PROVIDE LONG-TERM EMPLOYMENT AND A BETTER STANDARD OF LIVING.

Program Service Accomplishments

Program 1

Expenses: $50,977,161 Revenue: $0

Goodwill's mission is supported primarily by revenue from the sale of donated goods in 35 Arkansas locations. Thirty-three locations have onsite career specialists who help job seekers find their...

Goodwill's mission is supported primarily by revenue from the sale of donated goods in 35 Arkansas locations. Thirty-three locations have onsite career specialists who help job seekers find their next great job and help employers fill hiring needs. Goodwill helps people with disabilities and disadvantages secure part-time or full-time employment with earnings at or above minimum wage. The average wage for people placed in jobs in FY 2025 is $13.46. Goodwill is CARF-accredited and offers programs ranging from skills training to reentry and support services for job seekers. Our programs change the lives of thousands of Arkansans each year. Goodwill operates The Excel Center, a high school for adults seeking an accredited high school diploma, and a trade school that offers public training for in-demand, industry-recognized certifications.

Program 2

Expenses: $3,443,822 Revenue: $858,104

The Excel Center provides adults ages 19 and older the opportunity and support to earn a high school diploma at no cost to the student, while developing career paths that offer greater employment and growth opportunities. We offer free on-site childcare, transportation assistance, life coaching, and personalized tutoring to help students overcome barriers. Our school "meets students where they are" by providing a flexible structure and supportive relationships to help them manage work, life, and family as they achieve their educational goals.

Program 3

Expenses: $2,164,884 Revenue: $0

Goodwill served 8,417 people and placed 870 in employment. Our Career Services program offers free assistance to help build promising futures. Services are available in person or through our career portal. Goodwill has helped thousands of Arkansans find jobs. Our services include career assessment, career counseling and coaching, Career Readiness Certification, interview preparation, job readiness training, job search assistance, resume assistance, disability support services for employees, Books for Kids program, and community resource connections.

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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 $76,965,663

Program Service Revenue $858,104

Investment Income $325,503

Other Revenue $436,238

TOTAL REVENUE $78,585,508

Expense Breakdown

Grants Paid $4,219,637

Salaries & Benefits $41,558,831

Fundraising Expenses $535,822

Program Expenses $59,522,479

Other Expenses $21,857,146

TOTAL EXPENSES $67,635,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,585,508	$70,132,205	+0.1%
Expenses	$67,635,614	$71,035,526	0.0%
Net Income	$10,949,894	$-903,321	-13.1%

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

2847

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

$1,344,181

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE HARPER SMITH	SECRETARY	1.0	Officer Director	$0	$0	$0
ELIZABETH SMALL	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JAY MEADOR	TREASURER	1.0	Officer Director	$0	$0	$0
MIGUEL LOPEZ	CHAIRMAN	1.0	Officer Director	$0	$0	$0
BRAD WALKER	DIRECTOR	1.0	Director	$0	$0	$0
CHRIS AMSLER	DIRECTOR	1.0	Director	$0	$0	$0
DANNY GAMES	DIRECTOR	1.0	Director	$0	$0	$0
DENISE LUFT	DIRECTOR	1.0	Director	$0	$0	$0
DOUGLAS JACKSON	DIRECTOR	1.0	Director	$0	$0	$0
FRED PERKINS III	DIRECTOR	1.0	Director	$0	$0	$0
GARY STARK	DIRECTOR	1.0	Director	$0	$0	$0
JAY STANLEY	DIRECTOR	1.0	Director	$0	$0	$0
MARK MCCLELLAND	DIRECTOR	1.0	Director	$0	$0	$0
MATUSHKA BRIGGS	DIRECTOR	1.0	Director	$0	$0	$0
TED DARRAGH	DIRECTOR	1.0	Director	$0	$0	$0
TROY WELLS	DIRECTOR	1.0	Director	$0	$0	$0
BRIAN F MARSH	PRESIDENT AND CEO	50.0	Officer	$526,034	$42,273	$568,307
EDIE STEWART	SR. VICE PRESIDENT & CHIEF MISSION OFFICER	25.0	Officer	$214,728	$10,787	$225,515
SYLVIA MURCHISON	SR. VICE PRESIDENT & CHIEF FINANCIAL OFFICER	50.0	Officer	$270,695	$16,991	$287,686
TRENT WUNSTEL	SR. VICE PRESIDENT & CHIEF OPERATING OFFICER	50.0	Officer	$233,657	$29,016	$262,673
CHAD ALBAUGH	VICE PRESIDENT, DONATED GOODS	50.0	Highest	$265,135	$5,143	$270,278
LENESHA JONES	SR. VICE PRESIDENT & CHIEF PEOPLE OFFICER	50.0	Highest	$233,156	$15,363	$248,519
SHANNON BOSHEARS	SR. VICE PRESIDENT OF DEVELOPMENT	50.0	Highest	$193,118	$21,910	$215,028

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
2025	$78,585,508	$67,635,614	$89,922,500	$10,949,894
2024	$70,132,205	$71,035,526	$75,271,739	$-903,321
2023	$67,911,074	$70,853,541	$79,373,261	$-2,942,467
2022	$56,095,778	$51,133,891	$59,611,660	$4,961,887
2021	$52,717,160	$49,571,416	$54,825,832	$3,145,744
2020	$45,477,260	$43,942,133	$52,222,300	$1,535,127
2019	$43,407,514	$40,897,228	$49,744,302	$2,510,286