ABILENE GOODWILL INDUSTRIES INC

EIN: 751867441 501(c)(3) Employment

ABILENE, TX

Total Revenue
$21,630,581
Total Expenses
$16,796,937
Total Assets
$30,492,664
Net Assets
$26,393,541
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TX
Principal Officer
RICK WALDRAFF
Phone
3256767925
Tax Period
2024-01-01 to 2024-12-31

ABILENE GOODWILL INDUSTRIES INC, founded in 1983, is a mid-sized nonprofit in the Employment sector that reported $21.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.8M, a strong 22% operating margin.

Mission

TO PROVIDE OPPORTUNITIES FOR PEOPLE WITH BARRIERS TO 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 $262,131
Program Service Revenue $0
Investment Income $619,942
Other Revenue $20,748,508
TOTAL REVENUE $21,630,581

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $11,157,598
Fundraising Expenses $0
Program Expenses $14,724,886
Other Expenses $5,629,339
TOTAL EXPENSES $16,796,937

Year-over-Year Comparison

2024 2023 Change
Revenue $21,630,581 $18,681,414 +0.2%
Expenses $16,796,937 $14,831,171 +0.1%
Net Income $4,833,644 $3,850,243 +0.3%
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
14
Independent Members
14
Employees
854
Volunteers
38

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
8
$458,894
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE BROWNING BOARD MEMBER 1.00
Director
$0 $0 $0
JACOB BUNTON BOARD MEMBER 1.00
Director
$0 $0 $0
TONY CONDER BOARD MEMBER 1.00
Director
$0 $0 $0
JASON HALL BOARD MEMBER 1.00
Director
$0 $0 $0
KATY HIBBS BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE JOHNCOX BOARD MEMBER 1.00
Director
$0 $0 $0
TRAVIS RUIZ BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
MARCUS WILEY BOARD MEMBER 1.00
Director
$0 $0 $0
BRYSON GALLOWAY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MELANIE MORRIS VICE CHAIR 1.00
Officer Director
$0 $0 $0
ERICA HARRIS SECRETARY 1.00
Officer Director
$0 $0 $0
JIM GOLDSTON TREASURER 1.00
Officer Director
$0 $0 $0
TIM DE LA VEGA PAST CHAIR 1.00
Officer Director
$0 $0 $0
RICK WALDRAFF PRESIDENT 40.00
Officer
$212,800 $16,458 $229,258
JULIE GROHMAN CFO 40.00
Officer
$102,650 $16,208 $118,858
CARRIE WALLACE VP OF DONATED GOODS 40.00
Officer
$99,043 $11,735 $110,778
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 No data No data No data No data
2024 $21,630,581 $16,796,937 $30,492,664 $4,833,644
2023 $18,681,414 $14,831,171 $25,843,300 $3,850,243
2022 $16,661,628 $13,705,974 $22,260,276 $2,955,654
2021 $16,406,981 $11,279,912 $17,742,642 $5,127,069
2020 $11,398,446 $9,700,102 $15,278,765 $1,698,344
2019 $11,111,766 $10,425,186 $14,598,628 $686,580
2018 $10,150,888 $9,661,593 $10,651,050 $489,295
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