GOODWILL VISION ENTERPRISES 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

1911

Legal Domicile

Principal Officer

JENNIFER LAKE

Phone

5852321111

Tax Period

2024-04-01 to 2025-03-31

GOODWILL VISION ENTERPRISES INC, founded in 1911, is a mid-sized nonprofit that reported $19.1M in total revenue in fiscal year 2024. Expenses of $18.5M left a modest 3% surplus.

Mission

THE MISSION OF GVE IS TO PREPARE AND EMPOWER PEOPLE WITH BARRIERS TOINDEPENDENCE TO BE SELF-SUFFICIENT AND CONTRIBUTE TO THEIR FAMILIESAND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $11,869,023 Revenue: $13,605,467

UNDER THE ABILITYONE PROGRAM THE MANUFACTURING DEPARTMENT PRODUCES ANDSELLS A LARGE VARIETY OF OFFICE PRODUCTS, SAFETY SOLUTIONS, ANDCHEMICALS THROUGH DISTRIBUTION CHANNELS TO THE FEDERAL...

UNDER THE ABILITYONE PROGRAM THE MANUFACTURING DEPARTMENT PRODUCES ANDSELLS A LARGE VARIETY OF OFFICE PRODUCTS, SAFETY SOLUTIONS, ANDCHEMICALS THROUGH DISTRIBUTION CHANNELS TO THE FEDERAL GOVERNMENT.SIGNIFICANT LONG-STANDING PARTNERSHIPS WITH INDUSTRY HAVE CREATED JOBSFOR INDIVIDUALS WHO ARE BLIND AND VISUALLY IMPAIRED. MANUFACTURING HASSEWN UNIFORMS FOR THE MILITARY, THE BLIND AND VISUALLY IMPAIRED PEOPLEWORK IN AN INTEGRATED SETTING AS THEY SEW ALONGSIDE OPERATORS WHO ARESIGHTED. MANUFACTURING HAS CONTRIBUTED REVENUE TO SUPPORT COMMUNITYPROGRAMS FOR THE ORGANIZATION AND JOB TRAINING IS ALWAYS AVAILABLE FORINDIVIDUALS WHO ARE BLIND OR VISUALLY IMPAIRED.

Program 2

Expenses: $1,391,549 Revenue: $2,009,732

UNDER THE ABILITY ONE PROGRAM GVE'S CONTACT CENTER PROVIDES EMPLOYMENTOPPORTUNITIES AND HAS CONSISTENTLY DEMONSTRATED OVERALL AND ONGOINGEXCELLENCE IN OPERATIONS, TECHNOLOGY, TRAINING, CONTRACT...

UNDER THE ABILITY ONE PROGRAM GVE'S CONTACT CENTER PROVIDES EMPLOYMENTOPPORTUNITIES AND HAS CONSISTENTLY DEMONSTRATED OVERALL AND ONGOINGEXCELLENCE IN OPERATIONS, TECHNOLOGY, TRAINING, CONTRACT PROCUREMENT,CORPORATE AND COMMUNITY PARTNERSHIPS AND, MOST IMPORTANTLY, IN OFFERINGCHALLENGING AND REWARDING CAREER OPPORTUNITIES FOR PEOPLE WHO ARE BLINDOR VISUALLY IMPAIRED. CONTACT CENTER EMPLOYEES WHO ARE BLIND ANDVISUALLY IMPAIRED WORK ALONGSIDE THOSE WHO ARE SIGHTED TO DELIVER AHIGH-QUALITY SERVICE AND MEET STRINGENT GOVERNMENT STANDARDS. THISCHALLENGING WORK AND FOCUSED COMMITMENT TO STELLAR CUSTOMER SERVICE HASDISTINGUISHED GVE'S CONTACT CENTER AS THE NYSPSP PREFERRED SOURCEFOR NEW YORK STATE TELECOMMUNICATION CONTRACTS.

Program 3

Expenses: $1,241,046 Revenue: $943,117

GVE VISION REHABILITATION PROVIDES LOW VISION SERVICES, INCLUDINGEXAMINATION AND EVALUATION. TRAINING IN ORIENTATION AND MOBILITYTEACHES PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO TRAVEL SAFELY...

GVE VISION REHABILITATION PROVIDES LOW VISION SERVICES, INCLUDINGEXAMINATION AND EVALUATION. TRAINING IN ORIENTATION AND MOBILITYTEACHES PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED TO TRAVEL SAFELY INTHEIR HOME AND COMMUNITY. VISION REHAB THERAPY TEACHES INDIVIDUALS WITHVISION LOSS TO ADAPT TO EVERYDAY ACTIVITIES. TRAINING IS PROVIDED USINGADAPTIVE TECHNOLOGY AND COMPUTERS. SOCIAL WORK SERVICES AND CASEMANAGEMENT PROVIDES INFORMATION, SERVICES AND REFERRALS. PRE-VOCATIONALTRAINING FOR YOUNG ADULTS PREPARES THEM TO FUFILL EDUCATIONAL ANDCAREER GOALS. YOUTH AND FAMILIES ARE PROVIDED YEAR ROUND PROGRAMMING TOENHANCE VITAL SKILLS. PROJECT EYE CARE AND EARLY VISION SCREENINGPARTNERS WITH SCHOOLS TO CONNECT FAMILIES WITH MEDICAL PROFESSIONALSFOR EARLY INTERVENTION.

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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 $3,032,118

Program Service Revenue $16,558,316

Investment Income $-550,394

Other Revenue $14,074

TOTAL REVENUE $19,054,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,172,598

Fundraising Expenses $0

Program Expenses $14,501,618

Other Expenses $14,284,550

TOTAL EXPENSES $18,457,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,054,114	$18,413,159	+0.0%
Expenses	$18,457,148	$17,562,170	+0.1%
Net Income	$596,966	$850,989	-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

160

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

$664,758

Total Directors