GOODWILL INDUSTRIES OF WAYNE & HOL… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

DAWN CAZZOLLI

Phone

3302641300

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF WAYNE & HOLMES COUNTIES INC, founded in 1979, is a community nonprofit in the Employment sector that reported $8.2M in total revenue in fiscal year 2023. Expenses of $7.7M left a modest 6% surplus.

Mission

GOODWILL IS YOUR LOCAL NONPROFIT HELPING PEOPLE OVERCOME CHALLENGES, BUILD SKILLS, FIND JOBS, AND GROW CAREERS.

Program Service Accomplishments

Program 1

Expenses: $3,723,154 Revenue: $4,161,306

DONATED GOODS/RETAIL SALES: USABLE HOUSEHOLD ITEMS AND TEXTILES DONATED TO GOODWILL INDUSTRIES ARE SORTED AND PROCESSED BY BOTH EMPLOYEES AND CONSUMERS IN WORKFORCE DEVELOPMENT TRAINING PROGRAMS FOR RESALE IN GOODWILL'S FIVE RETAIL STORES. REVENUE GENERATED FROM THE SALE OF DONATED GOODS SUPPORTS GOODWILL'S WORKFORCE DEVELOPMENT SERVICES WHICH HELP PLACE CONSUMERS IN COMPETITIVE JOBS IN THE COMMUNITY. OVER 86,447 INDIVIDUALS DONATED PRODUCTS TO BE SOLD IN RETAIL STORES.

Program 2

Expenses: $1,787,713 Revenue: $2,349,833

CONTRACT: THE INDUSTRIAL SERVICES DEPARTMENT IS A KEY RESOURCE FOR GOODWILL'S JOB TRAINING SERVICES. THROUGH SUB-CONTRACT OPPORTUNITIES WITH LOCAL BUSINESSES, GOODWILL OFFERS ON-THE-JOB TRAINING...

CONTRACT: THE INDUSTRIAL SERVICES DEPARTMENT IS A KEY RESOURCE FOR GOODWILL'S JOB TRAINING SERVICES. THROUGH SUB-CONTRACT OPPORTUNITIES WITH LOCAL BUSINESSES, GOODWILL OFFERS ON-THE-JOB TRAINING WHERE INDIVIDUALS LEARN MARKETABLE SKILLS FOR SECURING A COMPETITIVE JOB IN THE COMMUNITY. GOODWILL HAS BECOME AN OUTSOURCING PARTNER THAT BENEFITS INDUSTRY, THE COMMUNITY AND THOSE PEOPLE IN WHICH THEY SERVE. GOODWILL INDUSTRIES OF WAYNE AND HOLMES COUNTIES, INC. HAS BEEN ASSESSED AND CERTIFIED IN ISO 9001:2015 WITHOUT DESIGN QUALITY MANAGEMENT SYSTEM STANDARDS AND REQUIREMENTS. THE QUALITY MANAGEMENT SYSTEM IS APPLICABLE TO THE SUB-ASSEMBLY AND INSPECTION OF MANUFACTURED ASSEMBLIES.

Program 3

Expenses: $1,455,893 Revenue: $1,446,851

VOCATIONAL SERVICES: WORKFORCE DEVELOPMENT SERVICES HELP INDIVIDUALS OVERCOME A MULTITUDE OF BARRIERS TO EMPLOYMENT. GOODWILL EMPOWERS THEM WITH EDUCATION, TRAINING AND JOB DEVELOPMENT SERVICES...

VOCATIONAL SERVICES: WORKFORCE DEVELOPMENT SERVICES HELP INDIVIDUALS OVERCOME A MULTITUDE OF BARRIERS TO EMPLOYMENT. GOODWILL EMPOWERS THEM WITH EDUCATION, TRAINING AND JOB DEVELOPMENT SERVICES ASSISTING THEM IN BECOMING COMPETITIVELY EMPLOYED. GOODWILL PROVIDES ONE ON ONE CASE MANAGEMENT/MENTORING SERVICING, ALONG WITH JOB DEVELOPMENT AND RETENTION SERVICES TO INDIVIDUALS FROM WAYNE AND HOLMES COUNTIES, INCLUDING YOUTH FROM 14-24, ADULTS AND SENIORS. GOODWILL IS ACCREDITED BY CARF (COMMITTEE ON ACCREDITATION OF REHABILITATION FACILITIES). IN FYE 2023, GOODWILL HELPED PLACE OVER 269 PEOPLE IN COMPETITIVE EMPLOYMENT AND SERVED OVER 2,046 INDIVIDUALS DURING THE YEAR WITH BARRIERS TO EMPLOYMENT.

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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 $114,779

Program Service Revenue $7,957,990

Investment Income $42,714

Other Revenue $57,851

TOTAL REVENUE $8,173,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,577,889

Fundraising Expenses $0

Program Expenses $6,966,760

Other Expenses $2,139,228

TOTAL EXPENSES $7,717,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,173,334	$8,331,262	0.0%
Expenses	$7,717,117	$7,702,633	+0.0%
Net Income	$456,217	$628,629	-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

378

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

$146,319

Total Directors