INDIANAPOLIS, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GOODWILL EDUCATION INITIATIVES INC, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $44.3M in total revenue in fiscal year 2024.
TO PROVIDE EDUCATIONAL OPPORTUNITIES DESIGNED TO ENABLE YOUNG PEOPLE AND ADULTS TO ENHANCE THEIR SUCCESS IN LIFE AND WORK; TO DEVELOP, OWN, AND OPERATE ONE OR MORE CHARTER SCHOOLS.
GOODWILL EDUCATION INITIATIVES (GEI) PROVIDES EDUCATIONAL OPPORTUNITIES DESIGNED TO ENABLE YOUNG PEOPLE AND ADULTS TO ENHANCE THEIR SUCCESS IN LIFE AND WORK. GOODWILL LEGACY GROUP (GLG ), A...
GOODWILL EDUCATION INITIATIVES (GEI) PROVIDES EDUCATIONAL OPPORTUNITIES DESIGNED TO ENABLE YOUNG PEOPLE AND ADULTS TO ENHANCE THEIR SUCCESS IN LIFE AND WORK. GOODWILL LEGACY GROUP (GLG ), A NOT-FOR-PROFIT CORPORATION RELATED TO GEI, FORMED GEI IN 2004 IN RESPONSE TO THE LARGE NUMBER OF YOUNG PEOPLE SEEKING EMPLOYMENT AND OTHER SERVICES AT GOODWILL WITH LIMITED CAREER OPPORTUNITIES AND WITHOUT A HIGH SCHOOL DIPLOMA. GEI OPERATES THE INDIANAPOLIS METROPOLITAN HIGH SCHOOL (THE MET), A PUBLIC CHARTER SCHOOL IN AN ECONOMICALLY DEPRESSED URBAN AREA IN INDIANAPOLIS UNDER THE INDIANA CHARTER SCHOOL LAWS AND THE CHARTERING AUTHORITY OF THE MAYOR OF INDIANAPOLIS. GEI ALSO OPERATES THE EXCEL CENTERS, INDIANA PUBLIC CHARTER HIGH SCHOOLS PRIMARILY SERVING ADULTS WHO PREVIOUSLY DROPPED OUT OF HIGH SCHOOL AND WHO WISH TO OBTAIN THEIR HIGH SCHOOL DIPLOMA. THE MET AND ONE EXCEL CENTER LOCATION OCCUPY SPACE IN GOODWILL'S INDIANAPOLIS HEADQUARTERS BUILDING. TWO EXCEL CENTERS OCCUPY SPACE OWNED BY GLG, TWO EXCEL CENTERS OCCUPY SPACE OWNED BY GEI, AND THE OTHER EXCEL CENTERS LEASE SPACE FROM THIRD PARTIES. GEI CONTRACTS WITH GOODWILL FOR CERTAIN BUSINESS SUPPORT SERVICES, INCLUDING HUMAN RESOURCES, SAFETY & SECURITY, INFORMATION TECHNOLOGY, FACILITIES, FINANCE, AND MARKETING. THE EXCEL CENTERS OPERATED IN 18 LOCATIONS IN CENTRAL INDIANA IN FISCAL YEAR 2024-2025.THE MET PRIMARILY SERVES STUDENTS WHO ARE IN FOSTER CARE, HAVE BEEN INVOLVED WITH THE JUVENILE JUSTICE SYSTEM, AND/OR HAVE STRUGGLED IN OTHER SCHOOL SETTINGS.SINCE INCEPTION, MORE THAN 700 STUDENTS HAVE GRADUATED FROM THE MET, AND 64% OF THOSE GRADUATES HAVE GONE ON TO SOME FORM OF POST-SECONDARY EDUCATION OR TRAINING AND REMAIN IN SCHOOL TWO YEARS AFTER GRADUATION.THE EXCEL CENTER OPENED ITS FIRST LOCATION IN AUGUST 2010 AND COMPLETED ITS FIFTEENTH YEAR OF OPERATIONS ON JUNE 30, 2025. DUE TO THE HIGH DEMAND FOR ITS SERVICES, THE EXCEL CENTER HAS EXPANDED TO 18 LOCATIONS THROUGHOUT CENTRAL AND SOUTHERN INDIANA AND STUDENT ENROLLMENT HAS GROWN TO OVER 4,600 STUDENTS. SINCE INCEPTION OVER 9,500 STUDENTS HAVE GRADUATED FROM THE EXCEL CENTER. STUDENTS HAVE VARYING DEGREES OF ACADEMIC CREDITS AND CAPABILITIES WHEN THEY ENROLL.EXCEL CENTER STUDENTS ATTEND CLASSES AND CONNECT WITH A LIFE COACH WHO HELPS THEM NAVIGATE THE BARRIERS THAT STAND IN THE WAY OF THEIR EDUCATIONAL ATTAINMENT. DEMAND FOR EXCEL CENTER ENROLLMENT CONTINUES TO EXCEED CAPACITY. AS A RESULT, GEI PLANS TO OPEN ADDITIONAL FACILITIES AS INDIANA LEGISLATION AND PUBLIC FUNDING ALLOWS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $44,251,243 | $41,172,822 | +0.1% |
| Expenses | $43,953,761 | $35,489,391 | +0.2% |
| Net Income | $297,482 | $5,683,431 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GITA BAKER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURA PICKETT | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KOFI BARKO | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA CASTANEDA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| C PERRY GRIFFITH JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GARLAND GRAVES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DON PALMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY OLIVER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH SHELTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW FORTNEY | TREASURER-NON VOTING | 1.00 |
Officer
|
$0 | $25,045 | $344,407 |
| KENT KRAMER | CEO - GOODWILL LEGACY GROUP | 1.00 |
Officer
|
$0 | $42,067 | $786,620 |
| BETSY DELGADO | SVP OF EDUCATION | 1.00 |
Officer
|
$0 | $42,475 | $401,825 |
| KATHERINE BUSTAMANTE | VICE PRESIDENT, GEI & THE EXCEL CENTER NATIONAL OF | 40.00 |
Highest
|
$176,422 | $19,276 | $195,698 |
| LAKIA OSBORNE | SENIOR DIRECTOR, GEI | 40.00 |
Highest
|
$146,722 | $22,307 | $169,029 |
| COREY EMERY | SENIOR DIRECTOR, GEI | 40.00 |
Highest
|
$134,708 | $6,808 | $141,516 |
| DAN SCOTT | SENIOR DIRECTOR, CORPORATE IMPACT & ANALYTICS | 40.00 |
Highest
|
$127,579 | $29,911 | $157,490 |
| SARAH THOMAS | SENIOR DIRECTOR, NATIONAL OFFICE | 40.00 |
Highest
|
$125,604 | $25,733 | $151,337 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $44,251,243 | $43,953,761 | $44,757,876 | $297,482 |
| 2024 | $41,172,822 | $35,489,391 | $38,755,607 | $5,683,431 |
| 2023 | $34,483,175 | $34,206,998 | $31,641,632 | $276,177 |
| 2022 | $35,840,790 | $34,010,054 | $25,308,391 | $1,830,736 |
| 2021 | $37,660,175 | $32,424,330 | $24,758,862 | $5,235,845 |
| 2020 | $35,463,634 | $32,357,870 | $18,896,307 | $3,105,764 |
| 2019 | $32,224,458 | $31,553,723 | $15,554,052 | $670,735 |
| 2018 | $29,491,347 | $28,241,177 | $14,512,793 | $1,250,170 |
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