HEART OF TEXAS GOODWILL INDUSTRIES INC (EIN 741238443) - 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

1955

Legal Domicile

Principal Officer

SHANNON WITTMER

Phone

2547537337

Tax Period

2024-01-01 to 2024-12-31

HEART OF TEXAS GOODWILL INDUSTRIES INC, founded in 1955, is a mid-sized nonprofit in the Employment sector that reported $26.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $22.6M left a modest 14% surplus.

Mission

THE MISSION OF HEART OF TEXAS GOODWILL INDUSTRIES IS TO FACILITATE CHANGE THROUGH SKILLS TRAINING AND WORK OPPORTUNITIES.

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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 $17,074,936

Program Service Revenue $8,257,787

Investment Income $810,541

Other Revenue $62,314

TOTAL REVENUE $26,205,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,212,785

Fundraising Expenses $51,773

Program Expenses $19,048,948

Other Expenses $8,401,798

TOTAL EXPENSES $22,614,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,205,578	$28,294,992	-0.1%
Expenses	$22,614,583	$20,569,944	+0.1%
Net Income	$3,590,995	$7,725,048	-0.5%

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

869

Volunteers

N/A

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

$295,085

Total Directors

$295,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON WITTMER	PRESIDENT & CEO	40.00	Officer Director	$242,302	$52,783	$295,085
SCOTT WILMOT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT OMO	CHAIR	1.00	Officer Director	$0	$0	$0
KIM BARR	TREASURER	1.00	Officer Director	$0	$0	$0
STACIE KLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH WILLIAMSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
DANIEL JEANES	DIRECTOR	1.00	Director	$0	$0	$0
KELLY BARR	DIRECTOR	1.00	Director	$0	$0	$0
RANDY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JIM PEEVEY	DIRECTOR	1.00	Director	$0	$0	$0
ELLYN PERRONE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
KIM WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH GABY	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
HERMANN PEREIRA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BOYD	DIRECTOR	1.00	Director	$0	$0	$0
WENDY ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
TONY HALE	DIRECTOR	1.00	Director	$0	$0	$0
PETER RUSEK	DIRECTOR	1.00	Director	$0	$0	$0

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	$26,205,578	$22,614,583	$72,685,400	$3,590,995
2023	$28,294,992	$20,569,944	$64,055,104	$7,725,048
2022	$21,842,438	$16,692,175	$53,279,901	$5,150,263
2021	$25,419,313	$14,781,971	$52,546,086	$10,637,342
2020	$12,405,758	$12,037,885	$39,036,083	$367,873
2019	$12,630,235	$11,679,861	$33,007,361	$950,374
2018	$12,715,012	$12,079,429	$32,524,414	$635,583

HEART OF TEXAS GOODWILL INDUSTRIES INC