GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT FOUNDATION INC (EIN 871470065) - 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

2021

Legal Domicile

Principal Officer

CHRISTOPHER JACKSON

Phone

7043723434

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT FOUNDATION INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $280K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 646% operating deficit.

Mission

THE GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT FOUNDATION'S PURPOSE IS TO SUPPORT EFFORTS TO ADVANCE THE MISSION, STRATEGIC GOALS AND FINANCIAL SUSTAINABILITY OF THE GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT, INC.

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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 $0

Program Service Revenue $0

Investment Income $279,662

Other Revenue $0

TOTAL REVENUE $279,662

Expense Breakdown

Grants Paid $2,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,000,000

Other Expenses $87,214

TOTAL EXPENSES $2,087,214

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,662	$495,152	-0.4%
Expenses	$2,087,214	$3,093,472	-0.3%
Net Income	$-1,807,552	$-2,598,320	-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

N/A

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

$423,432

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA GARCES ROSELLI	BOARD CHAIR	0.09	Officer Director	$0	$0	$0
TONY SMITH	SECRETARY/TREASURER	0.09	Officer Director	$0	$0	$0
JEFF ALVINO	DIRECTOR	0.09	Director	$0	$0	$0
DAVID HAGGART	DIRECTOR	0.09	Director	$0	$0	$0
LINDA LOCKMAN-BROOKS	DIRECTOR	0.09	Director	$0	$0	$0
ANNE PREDIERI	DIRECTOR	0.09	Director	$0	$0	$0
CHRISTOPHER JACKSON	ASSISTANT SEC/TREASURER	0.50	Officer	$0	$30,403	$423,432

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	$279,662	$2,087,214	$4,330,944	$-1,807,552
2023	$495,152	$3,093,472	$6,081,105	$-2,598,320
2022	$857,661	$3,548,570	$8,439,021	$-2,690,909
2021	$12,300,002	No data	$12,307,183	No data

GOODWILL INDUSTRIES OF THE SOUTHERN PIEDMONT FOUNDATION INC