GOODWILL INDUSTRIES OF MID-MICHIGAN INC (EIN 381358009) - 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

1938

Legal Domicile

Principal Officer

LAURA WELSH

Phone

8107629960

Tax Period

2025-01-01 to 2025-12-31

GOODWILL INDUSTRIES OF MID-MICHIGAN INC, founded in 1938, is a mid-sized nonprofit in the Employment sector that reported $37.2M in total revenue in fiscal year 2025. Expenses of $36.0M left a modest 3% surplus.

Mission

TO ASSIST INDIVIDUALS WITH BARRIERS TO EMPLOYMENT IN MAKING THE TRANSITION TO INDEPENDENCE AND SELF-SUFFICIENCY.

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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 $11,378,210

Program Service Revenue $25,436,193

Investment Income $380,455

Other Revenue $0

TOTAL REVENUE $37,194,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,291,609

Fundraising Expenses $188,061

Program Expenses $33,100,304

Other Expenses $20,702,262

TOTAL EXPENSES $35,993,871

Year-over-Year Comparison

	2025	2024	Change
Revenue	$37,194,858	$36,672,172	+0.0%
Expenses	$35,993,871	$34,669,809	+0.0%
Net Income	$1,200,987	$2,002,363	-0.4%

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

907

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

$392,474

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY CANTLEBERRY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ERIC ETHINGTON	IMMEDIATE PAST CHAIRPERSON	1.00	Officer Director	$0	$0	$0
VENETIA PETTEWAY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM A GISEWHITE	TREASURER	1.00	Officer Director	$0	$0	$0
ALEX MURRAY	SECRETARY	1.00	Officer Director	$0	$0	$0
CLAUDE HIGH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID C WUJCIAK	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MORRIS BELFORD	DIRECTOR	1.00	Director	$0	$0	$0
RICK VALLEY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK BEER	DIRECTOR	1.00	Director	$0	$0	$0
DANA M TELL	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FREDERICKS II	DIRECTOR	1.00	Director	$0	$0	$0
BRENT GREEN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SHELBY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH G MOUNGER	PRESIDENT & CEO	50.00	Officer	$239,846	$7,280	$247,126
LAURA WELSH	VP OF FINANCE	50.00	Officer	$126,015	$19,333	$145,348
SHAWN JANDERNOA	VP OF HUMAN RESOURCES	50.00	Highest	$126,412	$2,377	$128,789
ALISHEA OKE	VP OF RETAIL OPERATIONS	50.00	Highest	$126,967	$7,121	$134,088
TAMELA BAUCHAN	VP OF MISSION SERVICES	50.00	Highest	$104,105	$1,637	$105,742

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	$37,194,858	$35,993,871	$28,489,642	$1,200,987
2024	$36,672,172	$34,669,809	$24,074,459	$2,002,363
2023	$34,452,051	$31,945,199	$20,653,378	$2,506,852
2022	$33,008,662	$29,741,072	$18,643,500	$3,267,590
2021	$30,637,361	$25,816,661	$9,350,796	$4,820,700
2020	$17,906,353	$18,841,929	$6,247,593	$-935,576
2019	$23,909,049	$23,431,627	$5,281,950	$477,422
2018	$22,959,526	$23,093,377	$4,765,416	$-133,851

GOODWILL INDUSTRIES OF MID-MICHIGAN INC