TRAVERSE CITY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GOODWILL INDUSTRIES OF NORTHERN MICHIGAN INC, founded in 1972, is a mid-sized nonprofit in the Employment sector that reported $25.8M in total revenue in fiscal year 2024. Revenue surged 306% from the prior year, signaling strong growth momentum. Expenses of $24.1M left a modest 6% surplus.
WE BRING FOOD TO NEIGHBORS, HELP VULNERABLE PEOPLE FIND HOME, AND PROVIDE EMPOWERING EMPLOYMENT THROUGH OUR COMMUNITY-SUPPORTED SOCIAL ENTERPRISE AND COLLABORATIVE PARTNERSHIPS.THE 2023 990 WAS FOR 10/1-12/31/23 DUE TO AN ACCOUNTING PERIOD CHANGE.
DONATED GOODS/RETAIL OPERATIONS - THE ORGANIZATION UTILIZES ITS NINE RETAIL STORES, ECOMMERCE, AND SALVAGE OPERATIONS OUR SOCIAL ENTERPRISE TO PROVIDE ON-THE-JOB TRAINING AND EMPOWERING EMPLOYMENT...
DONATED GOODS/RETAIL OPERATIONS - THE ORGANIZATION UTILIZES ITS NINE RETAIL STORES, ECOMMERCE, AND SALVAGE OPERATIONS OUR SOCIAL ENTERPRISE TO PROVIDE ON-THE-JOB TRAINING AND EMPOWERING EMPLOYMENT OPPORTUNITIES. REVENUE FROM THE SALE OF DONATED CLOTHING AND OTHER HOUSEHOLD GOODS GOES DIRECTLY TO GROWING AND SUPPORTING CRITICAL COMMUNITY-BASED PROGRAMS AND SERVICES.
HOUSING AND HOMELESS SERVICES - THE ORGANIZATION'S HOUSING AND HOMELESS SERVICES PROGRAMS HELP OVER 1,500 PEOPLE A YEAR ACCESS SHELTER AND HOUSING. STREET OUTREACH ENGAGES PEOPLE EXPERIENCING...
HOUSING AND HOMELESS SERVICES - THE ORGANIZATION'S HOUSING AND HOMELESS SERVICES PROGRAMS HELP OVER 1,500 PEOPLE A YEAR ACCESS SHELTER AND HOUSING. STREET OUTREACH ENGAGES PEOPLE EXPERIENCING UNSHELTERED HOMELESSNESS WHERE THEY ARE TO OFFER HELP FINDING SAFE AND SECURE HOUSING. THE GOODWILL INN PROVIDES TEMPORARY EMERGENCY SHELTER FOR ADULTS AND FAMILIES EXPERIENCING HOMELESSNESS. CARSON SQUARE AND EAST BAY FLATS PROVIDE PERMANENT SUPPORTIVE HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS, PEOPLE WITH SPECIAL NEEDS, AND PEOPLE FLEEING DOMESTIC VIOLENCE USING SITE-BASED VOUCHERS. PATRIOT PLACE PROVIDES EMERGENCY SHELTER FOR VETERANS TRANSITIONING FROM HOMELESSNESS TO HOUSING. OUR HOUSING-BASED CASE MANAGERS PROVIDE SUPPORT TO PEOPLE ONCE THEY MOVE INTO HOUSING TO HELP THEM MAINTAIN LONG-TERM HOUSING STABILITY.
FOOD SERVICES - THE ORGANIZATION'S FOOD SERVICES PROGRAMS WORK TO INCREASE FOOD SECURITY FOR PEOPLE WHO STRUGGLE TO ACCESS THE NUTRITIOUS FOOD THEY NEED. OUR FOOD RESCUE PROGRAM RESCUES, HARVESTS...
FOOD SERVICES - THE ORGANIZATION'S FOOD SERVICES PROGRAMS WORK TO INCREASE FOOD SECURITY FOR PEOPLE WHO STRUGGLE TO ACCESS THE NUTRITIOUS FOOD THEY NEED. OUR FOOD RESCUE PROGRAM RESCUES, HARVESTS, REPACKS, AND DISTRIBUTES OVER 2 MILLION POUNDS OF FOOD A YEAR. WE PICK UP 8,000 POUNDS OF FOOD A DAY FROM GROCERY STORES, BAKERIES, AND FARMS, AND DELIVER IT ON THE SAME DAY TO OVER 78 FOOD PANTRIES AND COMMUNITY MEAL SITES, AT NO COST TO THEM. 80% OF THE FOOD WE DELIVER IS FRESH AND FROZEN BREAD, DAIRY, MEAT, FRUITS, AND VEGETABLES FULL OF NUTRIENTS NEEDED BY THE 16,000 CHILDREN, SENIORS, FAMILIES, AND PEOPLE IN OUR REGION WHO FACE FOOD INSECURITY. OUR GOOD MEALS FOOD SERVICE PROGRAM AT THE GOODWILL INN PREPARES OVER 150,000 MEALS A YEAR FOR PEOPLE EXPERIENCING HOMELESSNESS, PEOPLE IN RECOVERY, AND SENIORS IN NMCAA'S MEALS ON WHEELS PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $25,764,076 | $6,342,648 | +3.1% |
| Expenses | $24,140,467 | $5,397,548 | +3.5% |
| Net Income | $1,623,609 | $945,100 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MIKE BROWN | CHAIRPERSON | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTIE MINERVINI | VICE CHAIRPERSON | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| KELLY MILLER | TREASURER | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| JODY N TRIETCH | SECRETARY | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| KATE REDMAN | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| LEZLIE GARVIN | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| PAUL HEIDBREDER | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| ANDREW KOHLMANN | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| TERRI LACROIX-KELTY | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| NICK NISSLEY | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| DAWN SHIELDS | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| SARA HARDING | DIRECTOR BEGIN 8/24 | 0.20 |
Director
|
$0 | $0 | $0 |
| LORI VANANTWERP | DIRECTOR BEGIN 10/24 | 0.20 |
Director
|
$0 | $0 | $0 |
| DAN BURON | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$164,736 | $38,280 | $203,016 |
| KYLA MCMILLION | CEO | 30.00 |
Officer
|
$113,441 | $19,162 | $132,603 |
| ROBERT RANDALL | COO THRU 7/20/24 | 30.00 |
Officer
|
$69,888 | $16,821 | $86,709 |
| GAIL TAYLOR | COO BEGIN 9/23/24 | 30.00 |
Officer
|
$35,520 | $5,999 | $41,519 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $25,764,076 | $24,140,467 | $38,655,651 | $1,623,609 |
| 2023 | $20,250,193 | $20,461,703 | $28,887,034 | $-211,510 |
| 2023 | $6,342,648 | $5,397,548 | $35,330,897 | $945,100 |
| 2022 | $21,849,253 | $19,875,669 | $26,340,751 | $1,973,584 |
| 2021 | $24,892,827 | $17,533,943 | $25,405,377 | $7,358,884 |
| 2020 | $16,090,181 | $14,784,692 | $19,450,277 | $1,305,489 |
| 2019 | $15,585,730 | $14,967,663 | $15,705,069 | $618,067 |
| 2018 | $14,120,312 | $13,328,163 | $16,218,761 | $792,149 |
Compare GOODWILL INDUSTRIES OF NORTHERN MICHIGAN INC with other nonprofits in Michigan and across the country.