GOODWILL INDUSTRIES OF GREATER GRAND RAPIDS INC (EIN 386113049) - 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

1966

Legal Domicile

Principal Officer

JILL WALLACE

Phone

6165324200

Tax Period

2025-01-01 to 2025-12-31

GOODWILL INDUSTRIES OF GREATER GRAND RAPIDS INC, founded in 1966, is a mid-sized nonprofit in the Employment sector that reported $46.6M in total revenue in fiscal year 2025.

Mission

OUR MISSION IS: "CHANGING LIVES AND COMMUNITIES THROUGH THE POWER OF WORK." WE ACCOMPLISH THIS BY PROVIDING PROGRAMS AND SERVICES TO EMPLOYEES AND PROGRAM PARTICIPANTS WHO COME FROM OUR COMMUNITY. THESE SERVICES INCREASE WORK AND LIFE SKILLS, ADD NEW JOB SKILLS, ADDRESS WORK BARRIERS, AND PROVIDE CAREER PLANNING AND SUPPORT TO ASSIST PEOPLE TOWARDS THEIR FULLEST WORK POTENTIAL. GOODWILL INDUSTRIES OF GREATER GRAND RAPIDS HELPS INDIVIDUALS OVERCOME BARRIERS TO EMPLOYMENT INCLUDING (BUT NOT LIMITED TO) DISABILITY, POVERTY, OFFENDER STATUS, LACK OF BASIC EDUCATION SKILLS, AND HOMELESSNESS.

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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 $10,748,722

Program Service Revenue $35,162,936

Investment Income $540,087

Other Revenue $192,809

TOTAL REVENUE $46,644,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,118,679

Fundraising Expenses $0

Program Expenses $40,395,054

Other Expenses $22,184,155

TOTAL EXPENSES $45,302,834

Year-over-Year Comparison

	2025	2024	Change
Revenue	$46,644,554	$45,705,412	+0.0%
Expenses	$45,302,834	$45,155,268	+0.0%
Net Income	$1,341,720	$550,144	+1.4%

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

1278

Volunteers

226

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

$1,366,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH WILSON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT CHAUDOIR	PAST BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BILL BRUINSMA	VICE CHAIR/TREASURER	2.00	Officer Director	$0	$0	$0
DEBBIE LOCKWOOD	SECRETARY	2.00	Officer Director	$0	$0	$0
DENNY STURTEVANT	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE MAAG	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MAIER	DIRECTOR	2.00	Director	$0	$0	$0
BEN STUART	DIRECTOR	2.00	Director	$0	$0	$0
MIKE MCKELVEY	DIRECTOR - AS OF 9/1/25	2.00	Director	$0	$0	$0
LATRICIA TRICE	DIRECTOR - AS OF 9/1/25	2.00	Director	$0	$0	$0
ANTHONY ZWIERS	DIRECTOR - AS OF 9/1/25	2.00	Director	$0	$0	$0
MIKE IRWIN	DIRECTOR - AS OF 9/1/25	2.00	Director	$0	$0	$0
JENNIFER GREENOP	DIRECTOR - THRU 6/3/25	2.00	Director	$0	$0	$0
CINDY BROWN	DIRECTOR - THRU 6/3/25	2.00	Director	$0	$0	$0
JILL WALLACE	PRESIDENT AND CEO	40.00	Officer	$259,262	$15,553	$274,815
DAVE BRINZA	CHIEF OPERATING OFFICER	40.00	Officer	$239,095	$10,560	$249,655
TONY CALCAGNO	CHIEF TALENT DEV OFFICER	40.00	Officer	$145,688	$10,680	$156,368
THERESA VICKERS	VP OF CAREER DEVELOPMENT	40.00	Officer	$125,379	$4,709	$130,088
SUSAN DOBBS	VP OF HUMAN RESOURCES	40.00	Officer	$140,684	$6,928	$147,612
JENNIFER MULDER	VP OF FINANCE	40.00	Officer	$140,684	$6,928	$147,612
RENATE BERZKALNS	VP OF GRANDVILLE OPERATION	40.00	Officer	$125,118	$8,878	$133,996
KIM MADSEN	VP OF MARKETING	40.00	Officer	$121,403	$4,461	$125,864

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	$46,644,554	$45,302,834	$35,873,648	$1,341,720
2024	$45,705,412	$45,155,268	$36,560,624	$550,144
2023	$44,613,162	$43,552,489	$36,132,517	$1,060,673
2022	$44,038,234	$42,120,626	$30,878,541	$1,917,608
2021	$45,452,515	$39,259,543	$15,128,237	$6,192,972
2020	$36,033,191	$32,740,823	$12,031,006	$3,292,368
2019	$36,322,248	$35,514,646	$5,769,775	$807,602
2018	$36,647,679	$35,794,912	$6,360,774	$852,767

GOODWILL INDUSTRIES OF GREATER GRAND RAPIDS INC