GOODWILL INDUSTRIES OF MICHIANA INC (EIN 351093073) - 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

1936

Legal Domicile

Principal Officer

DEBIE COBLE

Phone

5744727300

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF MICHIANA INC, founded in 1936, is a mid-sized nonprofit in the Employment sector that reported $52.2M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

GOODWILL INDUSTRIES OF MICHIANA, INC. IS A LEADING NONPROFIT PROVIDER OF EMPLOYMENT TRAINING, JOB PLACEMENT SERVICES AND OTHER CRITICAL COMMUNITY-BASED SERVICES FOR PEOPLE WHO HAVE A DISABILITY, PEOPLE WHO LACK EDUCATION OR JOB EXPERIENCE, HOUSEHOLDS FACING ECONOMIC CHALLENGES, EX-OFFENDERS RE-ENTERING THE COMMUNITY AND OTHERS IN NEED.

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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 $3,499,005

Program Service Revenue $47,129,867

Investment Income $1,376,897

Other Revenue $174,228

TOTAL REVENUE $52,179,997

Expense Breakdown

Grants Paid $9,803

Salaries & Benefits $35,937,528

Fundraising Expenses $188,454

Program Expenses $44,565,043

Other Expenses $16,359,638

TOTAL EXPENSES $52,306,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,179,997	$48,104,723	+0.1%
Expenses	$52,306,969	$46,733,398	+0.1%
Net Income	$-126,972	$1,371,325	-1.1%

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

1786

Volunteers

1500

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

$495,532

Total Directors

$328,295

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBIE M COBLE	PRESIDENT & CEO	40.00	Officer Director	$301,566	$26,729	$328,295
AMY WHITE	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
ANTHONY ALLISON	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
LOUIS GONZALEZ	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
KYLE DAVIS	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
RICHARD L HILL	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
JENEEN CRANE	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
SHERAL LITELL	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
DOUG BAUMGARTNER	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
JACQUELINE M BARTON	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
CYNTHIA KILGORE	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
GARY HOIPKEMIER	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
JAY MATTERN	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
TAIRA NELSON	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
JAYDE LIPPERT	PRIVATE SECTOR BOARD MEMBE	2.00	Director	$0	$0	$0
TRACEE A SIADE-JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS KUHAR	TREASURER	2.00	Officer Director	$0	$0	$0
SHARON HAWKINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TAMMY BOETSMA	PRESIDENT	2.00	Officer Director	$0	$0	$0
KARMAN EASH	CFO/CCO	40.00	Officer	$144,238	$22,999	$167,237
MARK ALAN ZIEGERT	VICE PRESIDENT OF SALES	40.00	Highest	$171,496	$23,318	$194,814
OTTO SCHLATTER	TECHNOLOGY OFFICER	40.00	Highest	$152,019	$19,470	$171,489
SARA BRODZINSKI	CHIEF HUMAN RESOURCES OFFI	40.00	Highest	$129,967	$16,656	$146,623
AREDEN FLORAN	VICE PRESIDENT OF WORKFORCE DEVELOPMENT SERVICES	40.00	Highest	$124,975	$6,249	$131,224
RON WEBB	DIRECTOR OF TRANSPORTATION, FACILITIES AND GROUNDS	40.00	Highest	$111,153	$15,572	$126,725

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	$52,179,997	$52,306,969	$70,331,721	$-126,972
2022	$48,104,723	$46,733,398	$72,939,976	$1,371,325
2021	$47,236,458	$41,508,332	$71,477,410	$5,728,126
2020	$47,430,923	$35,274,408	$66,622,104	$12,156,515
2019	$37,707,018	$36,789,864	$56,260,609	$917,154
2018	$36,342,911	$33,283,973	$53,997,894	$3,058,938

GOODWILL INDUSTRIES OF MICHIANA INC