GOODWILL MANUFACTURING 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

2015

Legal Domicile

Principal Officer

JACQUELINE HALLBERG

Phone

4148474200

Tax Period

2025-01-01 to 2025-12-31

GOODWILL MANUFACTURING INC, founded in 2015, is a small nonprofit in the Employment sector that reported $786K in total revenue in fiscal year 2025. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

GOODWILL MANUFACTURING, INC. ("GOODWILL MANUFACTURING") IS A NONSTOCK, NOT-FOR-PROFIT WISCONSIN CORPORATION, WHOSE SOLE MEMBER IS GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC. ("GOODWILL"), A WISCONSIN NONSTOCK, NOT-FOR-PROFIT CORPORATION WITH (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $745,605 Revenue: $801,908

GOODWILL MANUFACTURING OPERATIONS CREATES EMPLOYMENT OPPORTUNITIES FOR LOCAL RESIDENTS, MANY WITH DISABILITIES OR DISADVANTAGES.GOODWILL ALSO OPERATES A RECYCLING PROGRAM IN RACINE PROCESSING OVER...

GOODWILL MANUFACTURING OPERATIONS CREATES EMPLOYMENT OPPORTUNITIES FOR LOCAL RESIDENTS, MANY WITH DISABILITIES OR DISADVANTAGES.GOODWILL ALSO OPERATES A RECYCLING PROGRAM IN RACINE PROCESSING OVER 4,300 TONS OF MATERIAL. THE RECYCLING OPERATIONS PROVIDE WORK OPPORTUNITIES AND SKILL DEVELOPMENT FOR INDIVIDUALS WITH DISABILITIES AND DISADVANTAGES/OTHER 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $801,908

Investment Income $-15,755

Other Revenue $30

TOTAL REVENUE $786,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $519,299

Fundraising Expenses $0

Program Expenses $745,605

Other Expenses $261,238

TOTAL EXPENSES $780,537

Year-over-Year Comparison

	2025	2024	Change
Revenue	$786,183	$3,008,430	-0.7%
Expenses	$780,537	$7,331,295	-0.9%
Net Income	$5,646	$-4,322,865	-1.0%

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

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

$2,027,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT KLUG	CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE GREENE	DIR. VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES BORRIS	TREASURER - AS OF 02/25	1.00	Officer Director	$0	$0	$0
TIMOTHY MATTKE	TREASURER - THRU 02/25	1.00	Officer Director	$0	$0	$0
THOMAS SAVAGE	SECRETARY	1.00	Officer Director	$0	$0	$0
IKE UMUNNAH	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE HALLBERG	PRESIDENT & CEO	2.00	Officer	$0	$400,215	$1,250,045
JEFFREY DOCALAVICH	CFO/ASST. TREASURER	2.00	Officer	$0	$252,298	$777,870
BASIL BUCHKO	FORMER ASST. SECRETARY	0.00		$0	$0	$170,000

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	$786,183	$780,537	$297,192	$5,646
2024	$3,008,430	$7,331,295	$571,557	$-4,322,865
2023	$4,915,014	$10,158,863	$2,834,162	$-5,243,849
2022	$3,137,995	$7,185,085	$2,715,300	$-4,047,090
2021	$2,579,295	$5,989,674	$3,795,340	$-3,410,379
2020	$2,770,416	$6,848,231	$11,912,944	$-4,077,815
2019	$7,442,876	$12,498,546	$15,867,991	$-5,055,670
2018	$4,707,425	$13,456,596	$11,672,381	$-8,749,171