GOODWILL INDUSTRIES OF GREATER DETROIT (EIN 381362823) - 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

1921

Legal Domicile

Principal Officer

DANIEL VARNER

Phone

3139643900

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF GREATER DETROIT, founded in 1921, is a mid-sized nonprofit in the Employment sector that reported $29.1M in total revenue in fiscal year 2023.

Mission

TO BUILD PATHWAYS TO INDEPENDENCE THROUGH PERSONAL DEVELOPMENT AND THE POWER OF WORK.

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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 $20,702,804

Program Service Revenue $9,460,178

Investment Income $1,559,907

Other Revenue $-2,617,398

TOTAL REVENUE $29,105,491

Expense Breakdown

Grants Paid $1,343,928

Salaries & Benefits $10,744,216

Fundraising Expenses $540,978

Program Expenses $28,232,979

Other Expenses $18,449,410

TOTAL EXPENSES $30,537,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,105,491	$27,343,691	+0.1%
Expenses	$30,537,554	$27,036,291	+0.1%
Net Income	$-1,432,063	$307,400	-5.7%

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

763

Volunteers

248

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

$254,828

Total Directors

Key Employees

$611,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY GOOD	DIRECTOR	5.00	Director	$0	$0	$0
TALVIS LOVE	DIRECTOR	5.00	Director	$0	$0	$0
ERICA ROBERTSON	SECRETARY	5.00	Officer Director	$0	$0	$0
RYAN HOYLE	DIRECTOR	5.00	Director	$0	$0	$0
RANDAL LESLIE	DIRECTOR	5.00	Director	$0	$0	$0
LISA MUSCHONG	DIRECTOR	5.00	Director	$0	$0	$0
LENA BARKLEY	DIRECTOR	5.00	Director	$0	$0	$0
LAURA BYARS	DIRECTOR	5.00	Director	$0	$0	$0
TERRAH OPFERMAN	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS MARGOSIAN	DIRECTOR	5.00	Director	$0	$0	$0
JEFF HUEBNER	TREASURER	5.00	Officer Director	$0	$0	$0
DENNIS CURTIS	DIRECTOR	5.00	Director	$0	$0	$0
DEIDRE GROVES	CHAIR	5.00	Officer Director	$0	$0	$0
CLARENCE L POZZA JR	DIRECTOR	5.00	Director	$0	$0	$0
WENDY RICHARDS	DIRECTOR	5.00	Director	$0	$0	$0
DAN VARNER	PRESIDENT AND CEO	40.00	Officer	$254,828	$0	$254,828
FELICIA HUNTER	C.A.O. EXC VP E&T	40.00	Key Emp	$206,607	$4,843	$211,450
BLAIR VESTERFELT	PRESIDENT GIS	40.00	Key Emp	$191,557	$12,003	$203,560
MICHAEL KLEINHEKSEL	VP FINANCE	40.00	Key Emp	$181,376	$15,414	$196,790

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	$29,105,491	$30,537,554	$47,908,223	$-1,432,063
2022	$27,343,691	$27,036,291	$41,113,775	$307,400
2021	$27,244,512	$24,248,824	$30,814,793	$2,995,688
2020	$18,814,934	$20,628,697	$31,835,690	$-1,813,763
2019	$21,099,639	$23,840,041	$31,561,363	$-2,740,402
2018	$19,983,927	$22,301,018	$30,067,747	$-2,317,091

GOODWILL INDUSTRIES OF GREATER DETROIT