FLORIDA GOODWILL ASSOCIATION 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

1999

Legal Domicile

Principal Officer

JOHN NADEAU

Phone

9417473027

Tax Period

2020-07-01 to 2021-06-30

FLORIDA GOODWILL ASSOCIATION INC, founded in 1999, is a small nonprofit that reported $260K in total revenue in fiscal year 2020. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $299K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROMOTION OF SOCIAL WELFARE THROUGHOUT THE STATE OF FLORIDA, PARTICULARLY THE WELFARE OF INDIVIDUALS WITH BARRIERS TO EMPLOYMENT.

Program Service Accomplishments

Program 1

Expenses: $148,217 Revenue: $189,676

THE FLORIDA GOODWILL ASSOCIATION IS COMPRISED OF NINE AUTONOMOUS GOODWILL AGENCIES, EACH SERVING THE PEOPLE OF A MULTI-COUNTY REGION. THESE ORGANIZATIONS SHARE A COMMON MISSION: TO HELP FLORIDIANS...

THE FLORIDA GOODWILL ASSOCIATION IS COMPRISED OF NINE AUTONOMOUS GOODWILL AGENCIES, EACH SERVING THE PEOPLE OF A MULTI-COUNTY REGION. THESE ORGANIZATIONS SHARE A COMMON MISSION: TO HELP FLORIDIANS OVERCOME BARRIERS TO EMPLOYMENT AND BECOME SELF-SUFFICIENT. THROUGH GOODWILL'S SERVICES, PEOPLE WHO DEPEND ON TAX DOLLARS BECOME TAX PAYERS, REDUCING THE BURDEN ON THE STATE AND EMPOWERING OUR PROGRAM PARTICIPANTS WITH DIGNITY AND SELF-WORTH.

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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 $70,762

Program Service Revenue $189,676

Investment Income $0

Other Revenue $0

TOTAL REVENUE $260,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,652

Fundraising Expenses $0

Program Expenses $148,217

Other Expenses $141,922

TOTAL EXPENSES $298,574

Year-over-Year Comparison

	2020	2019	Change
Revenue	$260,438	$2,348,028	-0.9%
Expenses	$298,574	$2,383,754	-0.9%
Net Income	$-38,136	$-35,726	+0.1%

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

$156,652

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NADEAU	CHAIRMAN	10.00	Officer Director	$0	$0	$0
FRED SHELFER	SECRETARY	4.00	Officer Director	$0	$0	$0
ROBERT ROSINSKY	TREASURER	4.00	Officer Director	$0	$0	$0
DAVID LANDSBERG	DIRECTOR	4.00	Director	$0	$0	$0
DAVID REY	DIRECTOR	4.00	Director	$0	$0	$0
DEBBIE PASSERINI	DIRECTOR	4.00	Director	$0	$0	$0
ED DURKEE	DIRECTOR	4.00	Director	$0	$0	$0
FRANK HARKINS	DIRECTOR	4.00	Director	$0	$0	$0
KEITH KENNEDY	DIRECTOR	4.00	Director	$0	$0	$0
JEREMY MILLER	PRESIDENT	40.00	Officer	$0	$10,852	$156,652

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
2021	$260,438	$298,574	$162,966	$-38,136
2020	$2,348,028	$2,383,754	$240,554	$-35,726
2019	$1,491,270	$1,460,645	$236,697	$30,625