GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA FOUNDATION INC (EIN 263590251) - 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

2008

Legal Domicile

Principal Officer

MICHAEL SULLIVAN

Phone

2399952106

Tax Period

2020-01-01 to 2020-12-31

GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA FOUNDATION INC, founded in 2008, is a micro nonprofit that reported $9K in total revenue in fiscal year 2020. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $67K exceeded revenue, resulting in a 668% operating deficit.

Mission

GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA FOUNDATION, INC. IS COMMITTED TO PROVIDING A LASTING IMPACT OF THE LIVES OF PEOPLE IN COORDINATION WITH THE MISSION OF GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA INC, WHICH OFFERS INDIVIDUALS WITH DISABILITIES AND DISADVANTAGES LIFE-CHANGING OPPORTUNITIES TO ACHIEVE INDEPENDENCE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $6,372

Program Service Revenue $0

Investment Income $2,370

Other Revenue $0

TOTAL REVENUE $8,742

Expense Breakdown

Grants Paid $27,424

Salaries & Benefits $0

Fundraising Expenses $39,677

Program Expenses $27,424

Other Expenses $39,677

TOTAL EXPENSES $67,101

Year-over-Year Comparison

	2020	2019	Change
Revenue	$8,742	$258,557	-1.0%
Expenses	$67,101	$3,046,256	-1.0%
Net Income	$-58,359	$-2,787,699	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ARNALL	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE T MANN JR	EMERITUS DIRECTOR	0.20	Director	$0	$0	$0
WILLIAM MCDANIEL JR	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL SULLIVAN	DIRECTOR AND VP	0.50	Officer Director	$0	$0	$0
SHARLENE DOZIER	DIRECTOR TREASURER/SECRETARY	0.10	Officer Director	$0	$0	$0

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
2020	$8,742	$67,101	No data	$-58,359
2019	$258,557	$3,046,256	$3,048,855	$-2,787,699
2018	$68,997	$90,851	$2,911,040	$-21,854

GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA FOUNDATION INC