Rappahannock Goodwill
Legal name: Rappahannock Goodwill Stores and Services Inc
Nonprofit profile at a glance
- EIN
- 760800820
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-T 2020
- Location
- Fredericksburg, VA, USA
- Phone
- (540) 361-4915
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $33,591,678
- Expenses
- $33,591,678
- Assets
- $18,969,120
- Liabilities
- $15,543,416
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- STEPHEN A COX (PRESIDENT & CEO)
Highest reported compensation
- STEPHEN A COX (PRESIDENT & CEO): $370,352 total reported compensation
- KEVIN DEVITT (VP INFORMATION SERVICES): $138,041 total reported compensation
- DARYL WEEDEMAN (COO): $134,442 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide opportunities for everyone to thrive through the power of work.
What it reported doing in 2024
Donated goods: rappahannock goodwill accepts clothing and other household donated goods from the public and sells these donations in goodwill community-based retail stores and through e-commerce. Revenue from the sale of these goods goes directly toward supporting and growing critical community-based programs and job placement services. Rappahannock goodwill utilizes its donated goods stores, e-commerce, recycling center, and outlet store to provide on the job training and other vocational services to people with barriers to employment.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 65
- Accountability: 91
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.3%; rating input score 89
- Program expense ratio: 89.3%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.82; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 40th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 89.3% of revenue deployed · 89.3% of spending went to programs
- Governance: 17 of 17 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $30M in reported program spending
- Leadership: top reported pay $370K · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.