GW COMMERCIAL SERVICES 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

MATTHEW FORTNEY

Phone

3175244313

Tax Period

2023-01-01 to 2023-12-31

GW COMMERCIAL SERVICES INC, founded in 1999, is a community nonprofit in the Employment sector that reported $7.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.3M left a modest 12% surplus.

Mission

GOODWILL OF CENTRAL AND SOUTHERN INDIANA, INC. ("GCSI") AND ITS SUBSIDIARIES, GW COMMERCIAL SERVICES, INC. ("GWCS") AND GOODWILL EDUCATION INITIATIVES, INC. ("GEI"), TOGETHER WITH GOODWILL FOUNDATION OF CENTRAL AND SOUTHERN INDIANA, INC. (THE FOUNDATION) (COLLECTIVELY REFERRED TO AS "GOODWILL") ARE INDIANA NON-PROFIT ORGANIZATIONS THAT OFFER EMPLOYMENT, EDUCATION AND RELATED SERVICES TO DISADVANTAGED ADULTS AND YOUNG PEOPLE THROUGHOUT CENTRAL AND SOUTHERN INDIANA. GOODWILL DEFINES DISADVANTAGED INDIVIDUALS AS THOSE WITH A BARRIER TO EMPLOYMENT SUCH AS A DISABILITY, A CRIMINAL HISTORY, AND/OR A LOW EDUCATION LEVEL (LESS THAN A HIGH SCHOOL DIPLOMA). GOODWILL'S MANAGEMENT ENCOURAGES INTERESTED READERS TO READ THE FORM 990 TAX RETURNS OF ALL RELATED ENTITIES IN ORDER TO OBTAIN COMPLETE INFORMATION ABOUT THE EXEMPT ACTIVITIES, OPERATIONS AND INTERRELATIONSHIPS OF THE COLLECTIVE CENTRAL AND SOUTHERN INDIANA GOODWILL ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $6,262,247 Revenue: $7,100,118

GWCS OPERATES TEN ABILITY ONE CONTRACTS AT FEDERAL GOVERNMENT SITES IN CENTRAL AND SOUTHERN INDIANA, AND EMPLOYS APPROXIMATELY 143 INDIVIDUALS WITH SIGNIFICANT DISABILITIES.

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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 $3,063

Program Service Revenue $7,078,326

Investment Income $0

Other Revenue $21,792

TOTAL REVENUE $7,103,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,942,324

Fundraising Expenses $0

Program Expenses $6,262,247

Other Expenses $1,319,923

TOTAL EXPENSES $6,262,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,103,181	$6,319,141	+0.1%
Expenses	$6,262,247	$5,257,296	+0.2%
Net Income	$840,934	$1,061,845	-0.2%

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

165

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

$1,033,912

Total Directors

Key Employees

$326,407

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK DENIEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANTHONY WARREN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BRITTANY BLAU	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE E BEDEL	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY BOEHM	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
J SCOTT ENRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MARK GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY A HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MAHAFFEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
DON PALMER	DIRECTOR	1.00	Director	$0	$0	$0
MANDY PARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JASMIN SHAHEED-YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JEAN WOJTOWICZ	DIRECTOR	1.00	Director	$0	$0	$0
KENT KRAMER	PRESIDENT & CEO	1.00	Officer	$0	$39,292	$695,318
DANIEL RILEY	SVP & CFO PARTIAL YEAR	1.00	Officer	$0	$20,328	$194,657
MATTHEW FORTNEY	SENIOR VP, ADMIN & CFO	1.00	Officer	$0	$5,128	$143,937
ERIC SCHLEGEL	SENIOR VP & COMM. SVCS	4.00	Key Emp	$0	$11,912	$326,407
SHAWN WOLFGRAM	REGIONAL DIRECTOR	40.00	Highest	$107,346	$23,683	$131,029

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,103,181	$6,262,247	$18,503,408	$840,934
2022	$6,319,141	$5,257,296	$17,662,474	$1,061,845
2021	$6,461,821	$5,328,545	$16,600,629	$1,133,276
2020	$6,431,070	$5,061,683	$15,467,353	$1,369,387
2019	$6,235,012	$5,186,665	$14,097,966	$1,048,347
2018	$6,002,877	$5,135,877	$13,049,619	$867,000