GOODWILL INDUSTRIES INC

EIN: 470378996 501(c)(3) Employment

OMAHA, NE

Total Revenue
$33,943,000
Total Expenses
$30,946,004
Total Assets
$70,277,983
Net Assets
$43,256,061
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
NE
Principal Officer
TOBI MATHOUSER
Phone
4022311921
Tax Period
2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES INC, founded in 1933, is a mid-sized nonprofit in the Employment sector that reported $33.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $30.9M left a modest 9% surplus.

Mission

GOODWILL CHANGES LIVES AND STRENGTHENS COMMUNITIES THROUGH EDUCATION, TRAINING AND WORK. GOODWILL STRIVES TO INCREASE SELF SUFFICIENCY OF ITS PARTICIPANTS THROUGH VOCATIONAL EVALUATION, TRAINING AND OFFERING EMPLOYMENT OPPORTUNITIES TO DISABLED OR DISADVANTAGED INDIVIDUALS, WHO CANNOT READILY BE ABSORBED IN THE COMPETITIVE LABOR MARKET. GOODWILL STRIVES TO ASSIST SUCH INDIVIDUALS TO ATTAIN THE FULLEST DEVELOPMENT OF WHICH THEY ARE CAPABLE.

Program Service Accomplishments

Program 1
Expenses: $24,115,181 Revenue: $8,270,988

GOODWILL OPERATES 17 RETAIL STORES OPEN TO THE PUBLIC IN OMAHA (10), FREMONT (1), BLAIR (1), GRETNA (1), BELLEVUE (1), PAPILLION (2), AND COUNCIL BLUFFS, IA (1). THE GENERAL PUBLIC DONATES CLOTHING...

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GOODWILL OPERATES 17 RETAIL STORES OPEN TO THE PUBLIC IN OMAHA (10), FREMONT (1), BLAIR (1), GRETNA (1), BELLEVUE (1), PAPILLION (2), AND COUNCIL BLUFFS, IA (1). THE GENERAL PUBLIC DONATES CLOTHING, FURNITURE AND HOUSEHOLD GOODS TO GOODWILL. GOODWILL EMPLOYEES SORT, PRICE AND DISTRIBUTE MERCHANDISE FOR SALE IN THE RETAIL STORES. MERCHANDISE THAT DOES NOT SELL WITHIN A REASONABLE TIME IN THE STORES IS TRANSFERRED TO THE GOODWILL WAREHOUSE STORE WHERE IT IS OFFERED FOR SALE AT A SPECIFIED PRICE PER POUND. GOODS DETERMINED NOT TO BE SALEABLE IN THE GOODWILL STORES ARE "SALVAGED AND SOLD TO THIRD PARTIES, WHO EITHER SHIP AND SELL THE GOODS TO THIRD PARTIES OR RECYCLE THEM FOR THEIR TEXTILE, METAL OR OTHER RECYCLABLE MATERIALS. GOODWILL PROFITS GENERATED FROM THE SALE OF DONATED GOODS HELP COVER EXPENSES ASSOCIATED WITH GOODWILL'S MISSION PROGRAMS THAT SERVE THE COMMUNITY.

Program 2
Expenses: $2,784,024 Revenue: $759,930

WORKFORCE DEVELOPMENT PROGRAM SERVICES - GOODWILL PROVIDES EDUCATIONAL AND CAREER SERVICES, JOB PLACEMENT AND POST-EMPLOYMENT SUPPORT TO INDIVIDUALS WITH DISABILITIES AND OTHER CHALLENGES TO...

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WORKFORCE DEVELOPMENT PROGRAM SERVICES - GOODWILL PROVIDES EDUCATIONAL AND CAREER SERVICES, JOB PLACEMENT AND POST-EMPLOYMENT SUPPORT TO INDIVIDUALS WITH DISABILITIES AND OTHER CHALLENGES TO EMPLOYMENT SO THEY CAN FIND AND KEEP JOBS. INDIVIDUALS RECEIVE TRAINING AND EDUCATION, WORK EXPERIENCE, EMPLOYMENT PLACEMENT AND FOLLOW-UP SERVICES THROUGH THESE PROGRAMS. GOODWILL PROGRAMS STRENGTHEN OUR COMMUNITY BY FORMING A PATHWAY TOWARDS SUCCESS FOR THOSE WHO HAVE NOT BEEN ABLE TO FIND OR MAINTAIN EMPLOYMENT ON THEIR OWN.

Program 3
Expenses: $204,832 Revenue: $183,917

CONTRACTS/INDUSTRIAL SERVICES PROGRAMS - GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES AND OTHER CHALLENGES TO EMPLOYMENT THROUGH CONTRACT WORK FOR...

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CONTRACTS/INDUSTRIAL SERVICES PROGRAMS - GOODWILL PROVIDES JOB TRAINING AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES AND OTHER CHALLENGES TO EMPLOYMENT THROUGH CONTRACT WORK FOR BUSINESSES, FEDERAL, STATE AND LOCAL GOVERNMENT, AND OTHER COMMUNITY PARTNERS. THESE CONTRACTS OFFER A VARIETY OF WORK EXPERIENCE AND TRAINING IN CUSTODIAL SERVICES, GROUNDS, MANUFACTURING, PACKAGING, ASSEMBLY, RECYCLING, MAILING SERVICES AND OTHER ADMINISTRATIVE AREAS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,507,405
Program Service Revenue $624,786
Investment Income $295,128
Other Revenue $8,515,681
TOTAL REVENUE $33,943,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,571,503
Fundraising Expenses $841,443
Program Expenses $27,104,037
Other Expenses $11,374,501
TOTAL EXPENSES $30,946,004

Year-over-Year Comparison

2023 2022 Change
Revenue $33,943,000 $31,000,599 +0.1%
Expenses $30,946,004 $26,536,116 +0.2%
Net Income $2,996,996 $4,464,483 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1222
Volunteers
N/A

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
8
$812,966
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES H RICH TRUSTEE 0.50
Director
$0 $0 $0
BOB BERTSCH JR SECRETARY 0.50
Officer Director
$0 $0 $0
JOEL DOUGHERTY CHAIR 0.50
Officer Director
$0 $0 $0
DOUG ANDERSON CHAIR EMERITUS 0.50
Director
$0 $0 $0
ANDREW WILSON TRUSTEE 0.50
Director
$0 $0 $0
LEAH VETTER VICE CHAIR 0.50
Officer Director
$0 $0 $0
JUSTIN SPOONER TRUSTEE 0.50
Director
$0 $0 $0
MIRIAM BLAIR TRUSTEE 0.50
Director
$0 $0 $0
AARON JOHNSON TRUSTEE 0.50
Director
$0 $0 $0
JUAN PADILLA TRUSTEE 0.50
Director
$0 $0 $0
PAUL LANPHIER TRUSTEE 0.50
Director
$0 $0 $0
TOBI MATHOUSER PRESIDENT AND CEO 40.00
Officer
$201,742 $9,899 $211,641
ELAINE LEIBERT SENIOR VP MISSION ADVANCEMENT 40.00
Officer
$155,911 $14,355 $170,266
JANELLE PETERSON CHIEF OPERATING OFFICER 40.00
Officer
$162,212 $17,694 $179,906
ERIN BALCKLEDGE SENIOR VP ADMINISTRATION 40.00
Officer
$141,975 $7,562 $149,537
RYAN MCCARTHY DIRECTOR OF FINANCE 40.00
Officer
$90,402 $11,214 $101,616
SHANTEL FEATHERSON VP OF RETAIL ADVANCEMENT 40.00
Highest
$108,317 $12,490 $120,807
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 No data No data No data No data
2023 $33,943,000 $30,946,004 $70,277,983 $2,996,996
2022 $31,000,599 $26,536,116 $64,602,818 $4,464,483
2021 $29,507,917 $23,625,405 $56,720,433 $5,882,512
2020 $20,855,273 $20,296,724 $50,963,015 $558,549
2019 $24,058,272 $21,600,373 $51,181,258 $2,457,899
2018 $22,839,628 $20,777,345 $45,146,112 $2,062,283
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