GOODWILL INDUSTRIES OF NORTHEAST TEXAS

EIN: 751517836 501(c)(3) Employment

SHERMAN, TX

Total Revenue
$19,363,350
Total Expenses
$16,535,422
Total Assets
$20,412,840
Net Assets
$19,201,605
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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
1958
Legal Domicile
TX
Principal Officer
KEITH CHAPMAN
Phone
9038933145
Tax Period
2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF NORTHEAST TEXAS, founded in 1958, is a mid-sized nonprofit in the Employment sector that reported $19.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $16.5M left a modest 15% surplus.

Mission

OUR MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES OR DISADVANTAGES. THIS IS ACCOMPLISHED THROUGH EDUCATION, TRAINING, AND PLACEMENT IN GAINFUL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $201,776
Program Service Revenue $17,313,696
Investment Income $136,512
Other Revenue $1,711,366
TOTAL REVENUE $19,363,350

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,111,544
Fundraising Expenses $93,115
Program Expenses $14,593,467
Other Expenses $5,423,878
TOTAL EXPENSES $16,535,422

Year-over-Year Comparison

2024 2023 Change
Revenue $19,363,350 $17,377,193 +0.1%
Expenses $16,535,422 $16,075,937 +0.0%
Net Income $2,827,928 $1,301,256 +1.2%
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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Governance

Voting Members
12
Independent Members
12
Employees
334
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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELIDA ALLSHIRE DIRECTOR 0.00
Director
$0 $0 $0
JOEY BEASON DIRECTOR 0.00
Director
$0 $0 $0
PRESTON DAVIS DIRECTOR 0.00
Director
$0 $0 $0
ROSS DAVIS CHAIRMAN 0.00
Officer Director
$0 $0 $0
BILL FRENCH EXECUTIVE COMMITTEE 0.00
Officer Director
$0 $0 $0
JENA KIRKLAND TREASURER 0.00
Officer Director
$0 $0 $0
SARAH RICHARDSON DIRECTOR 0.00
Director
$0 $0 $0
RON ROWE VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
DANIEL WORREL SECRETARY 0.00
Officer Director
$0 $0 $0
BLAINE BRAWLEY DIRECTOR 0.00
Director
$0 $0 $0
MARIA ORNELAS DIRECTOR 0.00
Director
$0 $0 $0
DAVID TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
TERISA WILSON SECRETARY 0.00
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 $19,363,350 $16,535,422 $20,412,840 $2,827,928
2023 $17,377,193 $16,075,937 $17,681,897 $1,301,256
2022 $13,943,179 $13,609,088 $15,947,463 $334,091
2021 $11,473,930 $10,938,569 $15,420,886 $535,361
2020 $10,581,802 $9,753,979 $14,587,373 $827,823
2019 $9,934,791 $9,196,655 $13,748,723 $738,136
2018 $9,216,964 $8,465,879 $12,942,003 $751,085
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