Goodwill Industries Inc (EIN 410706171) - 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

Michael Wirth-Davis

Phone

6513795800

Tax Period

2024-10-01 to 2025-09-30

Goodwill Industries Inc, founded in 1919, is a mid-sized nonprofit that reported $68.4M in total revenue in fiscal year 2024. The organization ran a surplus of $13.6M, a strong 20% operating margin.

Mission

To eliminate barriers to work and independence.

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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 $38,334,489

Program Service Revenue $1,998,797

Investment Income $1,962,753

Other Revenue $26,147,970

TOTAL REVENUE $68,444,009

Expense Breakdown

Grants Paid $1,580,677

Salaries & Benefits $32,890,908

Fundraising Expenses $762,456

Program Expenses $39,722,728

Other Expenses $20,288,582

TOTAL EXPENSES $54,796,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,444,009	$70,733,460	0.0%
Expenses	$54,796,679	$57,494,351	0.0%
Net Income	$13,647,330	$13,239,109	+0.0%

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

2992

Volunteers

353

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

$1,089,169

Total Directors

Key Employees

$1,579,654

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kortney Cartwright	Chair	3.00	Officer Director	$0	$0	$0
Mike Finger	Vice Chair	3.00	Officer Director	$0	$0	$0
Andrew Feikema	Treasurer	3.00	Officer Director	$0	$0	$0
Stephanie Albert	Secretary	3.00	Officer Director	$0	$0	$0
Anthony Bass	Director	3.00	Director	$0	$0	$0
Paulette Baukol	Director	3.00	Director	$0	$0	$0
Lauren Beecham Henry	Director	3.00	Director	$0	$0	$0
Jennell Bilek	Director	3.00	Director	$0	$0	$0
Marcella de la Torre	Director	3.00	Director	$0	$0	$0
George Dickson	Director	3.00	Director	$0	$0	$0
Douglas Guilherme	Director	3.00	Director	$0	$0	$0
Leanne Halling	Director	3.00	Director	$0	$0	$0
Tim Hibscher	Director	3.00	Director	$0	$0	$0
Jesse Johnson	Director	3.00	Director	$0	$0	$0
Linda Lawrence	Director	3.00	Director	$0	$0	$0
Karin McCabe	Director	3.00	Director	$0	$0	$0
Bill McNeill	Director	3.00	Director	$0	$0	$0
Julia Miller	Director	3.00	Director	$0	$0	$0
Jacinta Moss	Director	3.00	Director	$0	$0	$0
Yalcin Oksal	Director	3.00	Director	$0	$0	$0
Elizabeth Ortloff	Director	3.00	Director	$0	$0	$0
Charla Sheffield	Director	3.00	Director	$0	$0	$0
Valerie Krzywkowski Snyder	Director	3.00	Director	$0	$0	$0
Sanjay Terakanambi	Director	3.00	Director	$0	$0	$0
Nina Terrero Groth	Director	3.00	Director	$0	$0	$0
Morgan Truscott	Director	3.00	Director	$0	$0	$0
Ivan Winship	Director	3.00	Director	$0	$0	$0
Michael Wirth-Davis DPA	President & CEO	50.00	Officer	$636,902	$52,434	$689,336
Jeffery Uecker CPA	Chief Financial Officer	50.00	Officer	$345,668	$54,165	$399,833
Jinah Chernivec	Chief HR & Risk Officer	50.00	Key Emp	$346,164	$61,061	$407,225
Brent Babcock	Chief Sales and Mrktg Officer	50.00	Key Emp	$351,811	$55,824	$407,635
Sheila OlsonChief Services	Chief Services & Programs Officer	50.00	Key Emp	$344,030	$50,403	$394,433
Mary S JonesFoundation	Chief Philanthropy Officer	1.00	Key Emp	$326,300	$44,061	$370,361
Peter Haggeman	Director , E-Commerce	50.00	Highest	$181,346	$36,208	$217,554
Nicholas Adams	Senior Director, Retail Sales	50.00	Highest	$166,612	$5,824	$172,436
Ann Marie Courchene	Sr. Director, Retail Operations	50.00	Highest	$190,944	$39,931	$230,875
Keith Brooks	Sr. Director, Services and Programs	50.00	Highest	$195,155	$46,794	$241,949
Andre Prahl	Finance Director	50.00	Highest	$154,247	$45,237	$199,484

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	$68,444,009	$54,796,679	$196,221,903	$13,647,330
2024	$70,733,460	$57,494,351	$181,195,606	$13,239,109
2023	$63,888,491	$48,030,305	$176,860,684	$15,858,186
2022	$59,559,829	$43,235,985	$94,899,402	$16,323,844
2021	$70,185,930	$43,785,808	$82,268,297	$26,400,122
2020	$27,643,508	$35,367,658	$59,690,538	$-7,724,150
2019	$44,613,353	$43,635,729	$61,539,288	$977,624
2018	$41,333,643	$38,826,993	$58,121,099	$2,506,650

Goodwill Industries Inc