GOODWILL INDUSTRIES OF SOUTHEASTERN MICHIGAN INC

EIN: 381646249 501(c)(3)

ADRIAN, MI

Total Revenue
$11,413,073
Total Expenses
$10,920,244
Total Assets
$16,841,273
Net Assets
$5,761,567
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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
1960
Legal Domicile
MI
Principal Officer
CHRISTAL ALBIG
Phone
5172632135
Tax Period
2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF SOUTHEASTERN MICHIGAN INC, founded in 1960, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2024. Expenses of $10.9M left a modest 4% surplus.

Mission

GOODWILL PROVIDES EXCEPTIONAL OPPORTUNITIES FOR PEOPLE FACING EMPLOYMENT BARRIERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,034,809
Program Service Revenue $2,815,039
Investment Income $96,525
Other Revenue $6,466,700
TOTAL REVENUE $11,413,073

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,002,673
Fundraising Expenses $0
Program Expenses $9,708,065
Other Expenses $3,917,571
TOTAL EXPENSES $10,920,244

Year-over-Year Comparison

2024 2023 Change
Revenue $11,413,073 $10,695,013 +0.1%
Expenses $10,920,244 $9,898,930 +0.1%
Net Income $492,829 $796,083 -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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Governance

Voting Members
12
Independent Members
12
Employees
499
Volunteers
40

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
5
$188,372
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK HRIBAR CHAIRMAN 0.50
Officer Director
$0 $0 $0
CHRIS CLARKE TREASURER 0.50
Officer Director
$0 $0 $0
MICHELE RICE SECRETARY 0.50
Officer Director
$0 $0 $0
JENNY ENGLE BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN DREWS BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS BUDNIK BOARD MEMBER 0.50
Director
$0 $0 $0
JOSH TEJKL BOARD MEMBER 0.50
Director
$0 $0 $0
ROB HEMMIG BOARD MEMBER 0.50
Director
$0 $0 $0
JAKE WRIGHT BOARD MEMBER 0.50
Director
$0 $0 $0
GIDGET ROWE BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN FRY BOARD MEMBER 0.50
Director
$0 $0 $0
TADD BROOKET BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTAL ALBIG PRESIDENT & CEO 40.00
Officer
$95,664 $444 $96,108
KEITH CHAPMAN PRESIDENT & CEO THRU 6/2024 40.00
Officer
$88,004 $4,260 $92,264
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 $11,413,073 $10,920,244 $16,841,273 $492,829
2023 $10,695,013 $9,898,930 $15,814,577 $796,083
2022 $8,793,281 $7,907,385 $12,103,362 $885,896
2021 $10,798,773 $8,251,884 $5,427,770 $2,546,889
2020 $5,368,937 $5,511,295 $3,530,263 $-142,358
2019 $7,167,795 $7,179,605 $2,876,715 $-11,810
2018 $6,961,728 $6,992,639 $3,095,568 $-30,911
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