GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN INC (EIN 390808491) - 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

1919

Legal Domicile

Principal Officer

JACQUELINE HALLBERG

Phone

4148474200

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN INC, founded in 1919, is a major nonprofit in the Employment sector that reported $110.7M in total revenue in fiscal year 2024. Expenses of $105.9M left a modest 4% surplus.

Mission

CONNECTING PEOPLE TO WORK. PREPARING PEOPLE FOR LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,930,321

Program Service Revenue $82,845,940

Investment Income $-3,448,920

Other Revenue $386,365

TOTAL REVENUE $110,713,706

Expense Breakdown

Grants Paid $1,012,869

Salaries & Benefits $88,902,630

Fundraising Expenses $436,537

Program Expenses $94,253,345

Other Expenses $15,965,294

TOTAL EXPENSES $105,880,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,713,706	$113,111,931	0.0%
Expenses	$105,880,793	$99,031,399	+0.1%
Net Income	$4,832,913	$14,080,532	-0.7%

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

3028

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

$1,894,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRENE SUDAC	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DAVID MARCUS	DIR, VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT KLUG	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS SAVAGE	SECRETARY	2.00	Officer Director	$0	$0	$0
ROB BIRSE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BORRIS	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN BAUMGARTNER	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE BOWLES	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DZIEWA	DIRECTOR	2.00	Director	$0	$0	$0
LAURA GOUGH	DIRECTOR	2.00	Director	$0	$0	$0
JESUS GONZALEZ	DIRECTOR - AS OF 08/24	2.00	Director	$0	$0	$0
MICHELLE GREENE	DIRECTOR	2.00	Director	$0	$0	$0
LISA MERCHANT-HARRELL	DIRECTOR - AS OF 08/24	2.00	Director	$0	$0	$0
BRADLEY KALSCHAEUR	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY MATTKE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD MEEUSEN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS RICHTMAN	DIRECTOR	2.00	Director	$0	$0	$0
MASON ROSS	DIRECTOR	2.00	Director	$0	$0	$0
SHEILA SHAFFIE	DIRECTOR	1.00	Director	$0	$0	$0
MARK THOMAS	DIRECTOR - AS OF 02/24	2.00	Director	$0	$0	$0
IKE UMUNNAH	DIRECTOR	2.00	Director	$0	$0	$0
CARL VANDER WILT	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN VOLLRATH	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELINE HALLBERG	PRESIDENT & CEO	40.00	Officer	$763,299	$145,372	$908,671
JEFFREY DOCALAVICH	CFO/ASSISTANT TREASURER	40.00	Officer	$483,892	$106,707	$590,599
BASIL BUCHKO	ASSISTANT SECRETARY - THRU 12/24	40.00	Officer	$343,935	$51,090	$395,025
CLAYTON PRYOR	CHIEF MISSION OFFICER	40.00	Highest	$336,329	$104,531	$440,860
KENT WALTERS	SVP GW GREAT LAKES	40.00	Highest	$318,916	$118,886	$437,802
SHAMIRAN CHALABI	VICE PRESIDENT	40.00	Highest	$329,664	$70,342	$400,006
CHRISTOPHER TALTON	VP LINEN SERVICES	40.00	Highest	$341,989	$16,174	$358,163
NICOL BRITTEN	SR. VP PEOPLE & CULTURE	40.00	Highest	$310,380	$83,522	$393,902

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	$110,713,706	$105,880,793	$232,511,095	$4,832,913
2023	$113,111,931	$99,031,399	$229,383,437	$14,080,532
2022	$113,320,122	$92,801,851	$202,122,915	$20,518,271
2021	$82,804,954	$81,421,190	$193,592,595	$1,383,764
2020	$86,694,614	$82,064,742	$194,443,580	$4,629,872
2019	$113,065,354	$93,620,167	$191,689,939	$19,445,187
2018	$107,496,733	$97,721,249	$180,612,843	$9,775,484

GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN INC