GOODWILL INDUSTRIES OF NORTHERN WISCONSIN & UPPER MICHIGAN INC (EIN 391049987) - 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

1965

Legal Domicile

Principal Officer

JAMES BOROWSKI

Phone

9062902364

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES OF NORTHERN WISCONSIN & UPPER MICHIGAN INC, founded in 1965, is a community nonprofit in the Employment sector that reported $8.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE OPPORTUNITIES FOR VOCATIONAL TRAINING, JOB PLACEMENT ASSISTANCE, AND THE DEVELOPMENT OF INDEPENDENT LIVING SKILLS FOR PEOPLE WITH DISABILITIES OR OTHER BARRIERS TO EMPLOYMENT.

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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 $7,071,803

Program Service Revenue $997,097

Investment Income $101,972

Other Revenue $218,145

TOTAL REVENUE $8,389,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,030,494

Fundraising Expenses $0

Program Expenses $7,162,831

Other Expenses $3,345,384

TOTAL EXPENSES $8,375,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,389,017	$9,244,074	-0.1%
Expenses	$8,375,878	$8,277,033	+0.0%
Net Income	$13,139	$967,041	-1.0%

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

358

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

Total Directors

Key Employees

$287,448

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA WALKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA FERNSTRUM	VP/SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT WELLENS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES S SALEWSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN FERNSTRUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BOROWSKI	PRESIDENT, CEO	40.00	Key Emp	$287,448	$0	$287,448

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	$8,389,017	$8,375,878	$11,019,385	$13,139
2023	$9,244,074	$8,277,033	$10,459,249	$967,041
2022	$8,021,951	$7,863,051	$8,309,104	$158,900
2021	$8,460,111	$7,028,250	$4,598,202	$1,431,861
2020	$7,133,279	$6,744,888	$3,708,904	$388,391
2019	$8,095,012	$8,113,055	$3,518,882	$-18,043
2018	$8,753,884	$8,748,378	$3,840,525	$5,506

GOODWILL INDUSTRIES OF NORTHERN WISCONSIN & UPPER MICHIGAN INC