GOODWILL INDUSTRIES OF ERIE HURON OTTAWA AND SANDUSKY COUNTIES INC (EIN 341113714) - 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

1973

Legal Domicile

Principal Officer

JASON STOUT

Phone

4196254744

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF ERIE HURON OTTAWA AND SANDUSKY COUNTIES INC, founded in 1973, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY, CUSTOMIZED EMPLOYMENT SERVICES THAT ENABLE PERSONS WITH DISABILITIES AND DISADVANTAGING CONDITIONS TO ACHIEVE THEIR HIGHEST LEVELS OF PERSONAL, SOCIAL, AND ECONOMIC 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 (2023)

Revenue Breakdown

Contributions & Grants $3,599,767

Program Service Revenue $4,790,100

Investment Income $18,650

Other Revenue $3,570,034

TOTAL REVENUE $11,978,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,370,040

Fundraising Expenses $1,147

Program Expenses $10,770,952

Other Expenses $3,304,027

TOTAL EXPENSES $11,674,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,978,551	$11,583,225	+0.0%
Expenses	$11,674,067	$11,527,836	+0.0%
Net Income	$304,484	$55,389	+4.5%

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

935

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

$212,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL ANDERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MEG BLACKBURN	TRUSTEE	1.00	Director	$0	$0	$0
RICH FINNERAN	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
DENNI HORAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CONNIE FRISCH	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS KERN	TRUSTEE	1.00	Director	$0	$0	$0
SHARON MASTROIANNI	TRUSTEE	1.00	Director	$0	$0	$0
DARYL MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN MYERS	TRUSTEE	1.00	Director	$0	$0	$0
JEFF ROSENGARTEN	TRUSTEE	1.00	Director	$0	$0	$0
LISA SARTAIN	TRUSTEE	1.00	Director	$0	$0	$0
BILL RODWANCY	CHAIR	1.00	Officer Director	$0	$0	$0
JASON STOUT	CEO	40.00	Officer	$130,141	$35,679	$165,820
STEPHEN DAVEY	FORMER CEO	40.00	Officer	$45,929	$1,104	$47,033

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
2024	No data	No data	No data	No data
2023	$11,978,551	$11,674,067	$19,325,486	$304,484
2022	$11,583,225	$11,527,836	$14,306,866	$55,389
2021	$13,709,973	$10,928,537	$13,858,146	$2,781,436
2020	$9,480,648	$9,507,519	$12,748,547	$-26,871
2019	$10,220,131	$10,082,057	$11,611,457	$138,074
2018	$9,898,749	$9,821,431	$9,748,245	$77,318

GOODWILL INDUSTRIES OF ERIE HURON OTTAWA AND SANDUSKY COUNTIES INC