GOODWILL INDUSTRIES OF NORTHWEST O… - 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

1933

Legal Domicile

Principal Officer

AMY WACHOB

Phone

4192550070

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF NORTHWEST OHIO INC, founded in 1933, is a mid-sized nonprofit in the Employment sector that reported $18.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $16.8M left a modest 6% surplus.

Mission

GOODWILL BUILDS DIGNITY AND ENHANCES QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES THROUGHOUT NORTHWEST OHIO THROUGH THE POWER OF WORK BY ELIMINATING BARRIERS AND PROVIDING OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $11,016,026 Revenue: $474,074

DONATED GOODS/RETAIL PROGRAM: GOODWILL STORES ARE THE LARGEST FUNDER FOR GOODWILL INDUSTRIES OF NORTHWEST OHIO'S MISSION SERVICES. THE COLLECTION, PROCESSING, AND SALE OF DONATED GOODS, PROVIDES...

DONATED GOODS/RETAIL PROGRAM: GOODWILL STORES ARE THE LARGEST FUNDER FOR GOODWILL INDUSTRIES OF NORTHWEST OHIO'S MISSION SERVICES. THE COLLECTION, PROCESSING, AND SALE OF DONATED GOODS, PROVIDES REVENUE NEEDED FOR WORKFORCE DEVELOPMENT PROGRAMS PROVIDED BY GOODWILL INDUSTRIES OF NORTHWEST OHIO'S MISSION SERVICES TEAM MEMBERS. THESE PROGRAMS, WHICH SERVE INDIVIDUALS WITH DISABILITIES OR BARRIERS TO EMPLOYMENT, INCLUDE: JOB READINESS SKILLS, TRAINING AND EDUCATION, WORK ASSESSMENT, AND LINKING PEOPLE TO JOBS. CONSIDERED MISSION INTEGRATED, STORE LOCATIONS PROVIDE SPACE FOR ON-THE-JOB TRAINING, ASSESSMENTS, AND PLACEMENT OPPORTUNITIES. GOODWILL OPERATES 13 BRICK AND MORTAR RETAIL STORES, AN E-COMMERCE STORE, AND 4 STANDALONE DONATION STATIONS THROUGHOUT NORTHWEST OHIO. IN 2023, TEAM MEMBERS HANDLED OVER 770,000 RETAIL TRANSACTIONS, AND SERVED OVER 340,000 DONORS. APPROXIMATELY 7 MILLION POUNDS OF MATERIAL WERE DIVERTED FROM LANDFILLS

Program 2

Expenses: $1,430,758 Revenue: $2,150,895

CONTRACT SERVICES: VARIOUS CONTRACTED SERVICES PROVIDE REVENUE FOR JOB READINESS SKILLS TRAINING/EDUCATION AND WORK ASSESSMENT FOR GOODWILL INDUSTRIES OF NORTHWEST OHIO'S WORKFORCE DEVELOPMENT...

CONTRACT SERVICES: VARIOUS CONTRACTED SERVICES PROVIDE REVENUE FOR JOB READINESS SKILLS TRAINING/EDUCATION AND WORK ASSESSMENT FOR GOODWILL INDUSTRIES OF NORTHWEST OHIO'S WORKFORCE DEVELOPMENT MISSION SERVICES PROGRAMS. THE MAJORITY OF CONTRACTS INCLUDE COMMERCIAL CLEANING AND COMMERCIAL LAWN CARE SERVICES. THE CONTRACTS PROVIDE SPACE FOR ON-THE-JOB TRAINING, ASSESSMENTS AND PLACEMENT OPPORTUNITIES FOR PROGRAM PARTICIPANTS. THIS DEPARTMENT HAS NEARLY 40 CONTRACTS THROUGHOUT NORTHWEST OHIO, EMPLOYS OVER 70 TEAM MEMBERS, AND IS CONSIDERED TO BE MISSION INTEGRATED.

Program 3

Expenses: $1,362,932 Revenue: $0

MISSION SERVICES: GOODWILL BUILDS DIGNITY AND ENHANCES QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES THROUGHOUT NORTHWEST OHIO THROUGH THE POWER OF WORK BY ELIMINATING BARRIERS AND PROVIDING...

MISSION SERVICES: GOODWILL BUILDS DIGNITY AND ENHANCES QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES THROUGHOUT NORTHWEST OHIO THROUGH THE POWER OF WORK BY ELIMINATING BARRIERS AND PROVIDING OPPORTUNITIES. OUR MISSION SERVICES TEAM, IDENTIFIES INDIVIDUAL'S WORK INTERESTS, ABILITIES AND COMPETITIVE EMPLOYMENT BARRIERS RELATED TO JOB READINESS SKILLS. WE WORK WITH EACH CLIENT ONE-ON-ONE THROUGH OUR WORKFORCE DEVELOPMENT PROGRAMS IN ORDER TO PROMOTE EMPLOYMENT AND FINANCIAL INDEPENDENCE. IN 2023, WE PROUDLY SERVED OVER 8,000 INDIVIDUALS WITH IN-PERSON AND VIRTUAL WORKFORCE DEVELOPMENT PROGRAMS, AND PLACED OVER 400 INDIVIDUALS INTO JOBS THROUGHOUT NORTHWEST OHIO. IN ORDER TO ENHANCE OUR CLIENT'S WORKFORCE DEVELOPMENT EXPERIENCE, GOODWILL COLLABORATES WITH OVER 50 PARTNERS THROUGHOUT OUR 13 COUNTIES TO ENSURE WRAPAROUND SERVICES ARE AVAILABLE FOR BARRIER REMOVAL.

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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 $15,051,912

Program Service Revenue $2,150,895

Investment Income $249,054

Other Revenue $516,746

TOTAL REVENUE $17,968,607

Expense Breakdown

Grants Paid $433,012

Salaries & Benefits $9,248,169

Fundraising Expenses $26,816

Program Expenses $13,809,716

Other Expenses $7,120,255

TOTAL EXPENSES $16,801,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,968,607	$16,597,444	+0.1%
Expenses	$16,801,436	$18,052,486	-0.1%
Net Income	$1,167,171	$-1,455,042	-1.8%

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

785

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

$497,932

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGIE CASSIDY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JULIE SANDERSON	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
BILL LIFE	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
BLAKE TUCKER	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
ROB KRAUS	CHAIR EMERITUS	0.00	Director	$0	$0	$0
ANITA REINHART	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH MATTIMOE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC DONOFRIO	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA LAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN STRETAVSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
QUINTON ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT GOODRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT WIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY WACHOB	PRESIDENT/CEO	40.00	Officer	$210,450	$22,151	$232,601
KELLIE SCHLACHTER	CFO	40.00	Officer	$123,468	$25,302	$148,770
DAVID TAKATS	CMO	40.00	Officer	$116,561	$0	$116,561
TIMOTHY KRALOVIC	VP DGR/RETAIL	40.00	Highest	$102,763	$32,090	$134,853

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	$17,968,607	$16,801,436	$23,360,646	$1,167,171
2022	$16,597,444	$18,052,486	$21,542,244	$-1,455,042
2021	$32,136,608	$27,441,937	$14,791,040	$4,694,671
2020	$23,436,599	$21,508,513	$10,384,258	$1,928,086
2019	$19,692,099	$18,847,330	$8,025,795	$844,769
2018	$19,735,087	$18,336,604	$6,881,846	$1,398,483

GOODWILL INDUSTRIES OF NORTHWEST OHIO INC