ABILENE GOODWILL INDUSTRIES 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

1983

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $13,872,384 Revenue: $20,724,662

THRIFT STORES - SALES OF DONATED GOODS RECEIVED FROM THE COMMUNITY DIRECTLY FUND MISSION PROGRAMS TO ASSIST THOSE WITH DISABILITIES OR DISADVANTAGES FIND EMPLOYMENT OPPORTUNITIES AT GOODWILL OR IN...

THRIFT STORES - SALES OF DONATED GOODS RECEIVED FROM THE COMMUNITY DIRECTLY FUND MISSION PROGRAMS TO ASSIST THOSE WITH DISABILITIES OR DISADVANTAGES FIND EMPLOYMENT OPPORTUNITIES AT GOODWILL OR IN THEIR COMMUNITY. STORES PROVIDE RETAIL JOBS AND CAREER TRAINING FOR OVER 350 INDIVIDUALS - APPROXIMATELY 60% OF WHICH INDICATE THEY HAVE A BARRIER, DISABILITY OR DISADVANTAGE.

Program 2

Expenses: $852,502

GOODWILL WEST TEXAS FUNDS MISSION PROGRAMS WITH THRIFT STORE REVENUE. MISSION PROGRAMS ARE REGIONAL AND INCLUDE: CAREER CENTERS - FACILITIES THAT PROVIDE FREE ONE-ON-ONE CAREER COACHING WITH A...

GOODWILL WEST TEXAS FUNDS MISSION PROGRAMS WITH THRIFT STORE REVENUE. MISSION PROGRAMS ARE REGIONAL AND INCLUDE: CAREER CENTERS - FACILITIES THAT PROVIDE FREE ONE-ON-ONE CAREER COACHING WITH A SPECIALIST, RESUME WRITING, COMPUTER ACCESS AND TRAINING, JOB PLACEMENT AND RETENTION PROGRAMS AND ID ASSISTANCE. GOODLIFE - AN INTERNAL, ONLINE LEARNING OPPORTUNITY TO SUPPORT THE PERSONAL AND PROFESSIONAL DEVELOPMENT OF GOODWILL WEST TEXAS EMPLOYEES. REENTRY POINT - A CURRICULUM-BASED COMPREHENSIVE PROGRAM DESIGNED FOR JUSTICE-IMPACTED INDIVIDUALS TO HELP THEM OVERCOME THEIR PERSONAL 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%)

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

854

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

$458,894

Total Directors

Key Employees

Highest Compensated

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