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)

4 risk indicators measuring financial stability and operational resilience

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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 EDUCATION, 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.

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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

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

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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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