GOODWILL INDUSTRIES OF NORTH FLORIDAINC (EIN 590637858) - 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

1940

Legal Domicile

Principal Officer

DAVID REY

Phone

9043841361

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF NORTH FLORIDAINC, founded in 1940, is a mid-sized nonprofit that reported $51.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $47.7M left a modest 7% surplus.

Mission

GOODWILL INDUSTRIES OF NORTH FLORIDA IS A LOCAL, NOT-FOR-PROFIT THAT REMOVES BARRIERS TO EMPLOYMENT THROUGH TRAINING, EDUCATION AND CAREER OPPORTUNITIES FOR THE COMMUNITIES WE SERVE. OUR VISION IS A COMMUNITY WHERE EVERY PERSON FINDS MEANINGFUL EMPLOYMENT AND ENJOYS LIFE-LONG OPPORTUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,425,638

Program Service Revenue $4,672,160

Investment Income $959,481

Other Revenue $41,127,746

TOTAL REVENUE $51,185,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,440,625

Fundraising Expenses $174,293

Program Expenses $43,017,206

Other Expenses $21,309,146

TOTAL EXPENSES $47,749,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,185,025	$45,633,291	+0.1%
Expenses	$47,749,771	$43,016,524	+0.1%
Net Income	$3,435,254	$2,616,767	+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

Governance

Voting Members

Independent Members

Employees

3443

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

$1,233,235

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHANIEL FORD SR	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AUNDRA WALLACE	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN HYDE	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT MATTSON	TREASURER	1.00	Officer Director	$0	$0	$0
CINDY STOVER	2ND TREASURER	1.00	Officer Director	$0	$0	$0
SHANTEL DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM GILMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRI COPE-WALTON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK D COLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY DAHIYA	BOARD MEMBER	1.00	Director	$0	$0	$0
GUY MARVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNE M MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JOHN AVENDANO	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDOLPH MOORER	BOARD MEMBER	1.00	Director	$0	$0	$0
ORVILLE DOTHAGE	BOARD MEMBER	1.00	Director	$0	$0	$0
ISABELLE RENAULT	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD BROWNLEE	BOARD MEMBER	1.00	Director	$0	$0	$0
KERRI STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE WICKES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID REY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$395,539	$33,941	$429,480
KAREN PHILLIPS	CHIEF REAL ESTATE OFFICER	40.00	Officer	$197,769	$15,998	$213,767
NAOMI JACKSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$191,358	$10,385	$201,743
LISA SMITH	CHIEF PEOPLE OFFICER	40.00	Officer	$170,622	$17,173	$187,795
LINDA WOODARD	CHIEF MISSION OFFICER	40.00	Officer	$35,417	$1,222	$36,639
RACHAEL MUELLER	CHIEF FUND DEVELOPMENT OFFICER	40.00	Officer	$160,240	$3,571	$163,811
NICK BUSCEMI	VP FINANCE	40.00	Highest	$147,283	$13,377	$160,660
JESSICA VENEMAN CLOUD	VP OF RETAIL	40.00	Highest	$146,053	$8,921	$154,974
KEN JOHNSON	VP OF DGR OPERATIONS	40.00	Highest	$112,879	$12,973	$125,852
DANE MCGRAW	VP OF NEW MISSION VENTURES	40.00	Highest	$111,495	$5,849	$117,344
MICHELLE CLOWE	VP OF MISSION PROGRAMS	40.00	Highest	$112,263	$11,440	$123,703

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	$51,185,025	$47,749,771	$113,602,794	$3,435,254
2022	$45,737,941	$43,072,994	$99,483,295	$2,664,947
2021	$51,198,441	$38,620,608	$49,481,295	$12,577,833
2020	$33,131,048	$32,069,596	$34,289,915	$1,061,452
2019	$35,870,280	$34,343,713	$32,879,413	$1,526,567
2018	$33,724,523	$32,291,759	$31,774,747	$1,432,764

GOODWILL INDUSTRIES OF NORTH FLORIDAINC