RAPPAHANNOCK GOODWILL STORES AND SERVICES INC (EIN 760800820) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

STEPHEN A COX

Phone

5403713070

Tax Period

2023-01-01 to 2023-12-31

RAPPAHANNOCK GOODWILL STORES AND SERVICES INC, founded in 2005, is a mid-sized nonprofit in the Community Improvement sector that reported $26.0M in total revenue in fiscal year 2018.

Mission

WE CREATE JOBS LOCALLY, PREPARE PEOPLE TO SUCCEED AT WORK AND HELP THEM OVERCOME BARRIERS TO EMPLOYMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,880,636

Program Service Revenue $19,650,884

Investment Income $-6,195

Other Revenue $0

TOTAL REVENUE $35,525,325

Expense Breakdown

Grants Paid $812,898

Salaries & Benefits $11,824,500

Fundraising Expenses $0

Program Expenses $32,558,469

Other Expenses $23,436,636

TOTAL EXPENSES $36,074,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,525,325	$30,724,922	+0.2%
Expenses	$36,074,034	$29,936,284	+0.2%
Net Income	$-548,709	$788,638	-1.7%

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

N/A

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

$369,966

Total Directors

$369,966

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERMAINE LEWIS	PAST CHAIR	0.10	Director	$0	$0	$0
ROB CLARK	HONORARY DIRECTOR	0.10	Director	$0	$0	$0
KATHY BEARD	DIRECTOR	0.10	Director	$0	$0	$0
CODY BLANKENSHIP	DIRECTOR	0.10	Director	$0	$0	$0
CURTIS EDMONDS JR	DIRECTOR	0.10	Director	$0	$0	$0
DR SHASHUNA GRAY	DIRECTOR	0.10	Director	$0	$0	$0
AMY HENECKE	DIRECTOR	0.10	Director	$0	$0	$0
TONY LEWIS	DIRECTOR	0.10	Director	$0	$0	$0
JOHN F MCMANUS	DIRECTOR	0.10	Director	$0	$0	$0
ANDRE G PINEDA	DIRECTOR	0.10	Director	$0	$0	$0
CURRY ROBERTS	DIRECTOR	0.10	Director	$0	$0	$0
PAUL ROTHENBERG	DIRECTOR	0.10	Director	$0	$0	$0
SUSAN GARNETT SPEARS	DIRECTOR	0.10	Director	$0	$0	$0
W ANDREW WITHERS	DIRECTOR	0.10	Director	$0	$0	$0
MARTHA HUTZEL	CHAIR	0.10	Officer Director	$0	$0	$0
BRIAN ROINESTAD	VICE-CHAIR	0.10	Officer Director	$0	$0	$0
JOHN ROGERS	TREASURER	0.10	Officer Director	$0	$0	$0
STEPHANIE LYLES	SECRETARY	0.10	Officer Director	$0	$0	$0
STEPHEN A COX	PRESIDENT & CEO	4.00	Officer Director	$0	$0	$369,966
SHARON ROBERTSON	VP CONTROLLER	4.00	Highest	$0	$0	$137,346
DARYL WEEDEMAN	COO	4.00	Highest	$0	$0	$131,184
KEVIN DEVITT	VP INFORMATION SERVICES	4.00	Highest	$0	$0	$135,924
MARTIN BALDWIN	CHIEF MISSION OFFICER	4.00	Highest	$0	$0	$123,761
CEDRIC HORTIN	VP RETAIL OPERATIONS	4.00	Highest	$0	$0	$121,900

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	No data	No data	No data	No data
2023	$35,525,325	$36,074,034	$16,678,708	$-548,709
2022	$30,724,922	$29,936,284	$17,908,576	$788,638
2021	$30,240,862	$30,116,641	$8,437,533	$124,221
2020	$21,209,328	$20,874,049	$9,003,750	$335,279
2019	$26,075,466	$26,167,452	$10,559,994	$-91,986
2018	$25,975,295	$25,848,186	$11,857,071	$127,109

RAPPAHANNOCK GOODWILL STORES AND SERVICES INC