GOODWILL INDUSTRIES OF SOUTH FLORI… - Form 990 Financial Data

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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

1959

Legal Domicile

Principal Officer

RAISA CIOBANU

Phone

3053259114

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF SOUTH FLORIDA INC, founded in 1959, is a major nonprofit in the Employment sector that reported $178.1M in total revenue in fiscal year 2023.

Mission

GOODWILL SOUTH FLORIDA, SERVING MIAMI, BROWARD, AND MONROE COUNTIES, IS THE 17TH LARGEST EMPLOYER IN SOUTH FLORIDA. THE NONPROFIT'S MISSION IS THE TRAINING, EMPLOYMENT, AND JOB PLACEMENT OF PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO WORK; (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $68,567,995 Revenue: $0

DONATED GOODS OPERATIONS (SEE SCHEDULE O)

Program 2

Expenses: $59,102,101 Revenue: $51,073,617

APPAREL MANUFACTURING (SEE SCHEDULE O)

Program 3

Expenses: $14,561,767 Revenue: $13,821,254

LAUNDRY SERVICES (SEE SCHEDULE O)

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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 $85,752,011

Program Service Revenue $39,907,976

Investment Income $218,270

Other Revenue $52,209,679

TOTAL REVENUE $178,087,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,110,860

Fundraising Expenses $442,462

Program Expenses $166,113,283

Other Expenses $81,477,306

TOTAL EXPENSES $175,588,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,087,936	$172,263,790	+0.0%
Expenses	$175,588,166	$159,900,537	+0.1%
Net Income	$2,499,770	$12,363,253	-0.8%

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

3785

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

$882,825

Total Directors

$630,821

Key Employees

$771,295

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A LANDSBERG	PRESIDENT AND CEO	40.0	Officer Director	$528,613	$102,208	$630,821
CARLOS M HERNANDEZ	CHIEF OPERATING OFFICER	40.0	Key Emp	$309,541	$20,082	$329,623
BEATRIZ ANAZCO	CHIEF FINANCIAL OFFICER	40.0	Officer	$230,512	$21,492	$252,004
LOURDES DE LA MATA-LITTLE	CHIEF MARKETING OFFICER	40.0	Highest	$220,712	$14,903	$235,615
BRETT BARTSCHI	VP DONATED GOODS	40.0	Key Emp	$213,880	$15,809	$229,689
ANGELICA GOMEZ	VP INFORMATION TECHNOLOGY	40.0	Highest	$209,390	$15,139	$224,529
EDUARDO DOMINGUEZ	VP APPARREL MAUNFACTURING	40.0	Key Emp	$197,222	$14,761	$211,983
DARRELL CUNNINGHAM	VP MISSION SERVICES	40.0	Highest	$185,791	$6,731	$192,522
MARK MARCHIOLI	VP BUSINESS DEVELOPMENT	40.0	Highest	$179,280	$9,553	$188,833
WILLIAM ECKLER	VP LAUNDRY	40.0	Highest	$156,751	$13,248	$169,999
JAYNE HARRIS ABESS	CHAIR, EMERTIUS	1.0	Officer Director	$0	$0	$0
JULIE GREINER WEISER	CHAIR	1.0	Officer Director	$0	$0	$0
BARBARA L SHRUT	SECRETARY	1.0	Officer Director	$0	$0	$0
KIMREY NEWLIN	TREASURER	1.0	Officer Director	$0	$0	$0
PETER L BERMONT	CHAIR INVESTMENT COMMITTEE	1.0	Director	$0	$0	$0
RUTH V BROPHY	CHAIR CYBERSECURITY & TECH	1.0	Director	$0	$0	$0
MICHAEL L BURNSTINE	CHAIR BUSI. Operation COMMITTE	1.0	Director	$0	$0	$0
ROSARY PLANA FALERO	CHAIR Develop/Mrkt. Committee	1.0	Director	$0	$0	$0
HEATHER GATLEY	CHAIR Mission SRVC COMMITTEE	1.0	Director	$0	$0	$0
GEORGE L PITA	CHAIR AUDIT COMMITTEE	1.0	Director	$0	$0	$0
CHARLES ROSENBERG Esq	CHAIR GOVERNANCE COMMITTEE	1.0	Director	$0	$0	$0
EDWARD MANNO SHUMSKY	CHAIR COMPENSATION COMMITTEE	1.0	Director	$0	$0	$0
AVERY A DIAL ESQ	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL P ELKIN CPAABVCFF	DIRECTOR	1.0	Director	$0	$0	$0
TOMAS P ERBAN	DIRECTOR	1.0	Director	$0	$0	$0
Dr SOPHIA GALVIN	DIRECTOR	1.0	Director	$0	$0	$0
NANCY POBIONES GONZALEZ	DIRECTOR	1.0	Director	$0	$0	$0
DANET LINARES	DIRECTOR	1.0	Director	$0	$0	$0
NAOMI NIXON ESQ	DIRECTOR	1.0	Director	$0	$0	$0
ALLISON P SHIPLEY	DIRECTOR	1.0	Director	$0	$0	$0
IRMA REBOSO SOLARES Esq	DIRECTOR	1.0	Director	$0	$0	$0
Luis A Suarez	DIRECTOR	1.0	Director	$0	$0	$0

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	$178,087,936	$175,588,166	$139,237,638	$2,499,770
2022	$172,263,790	$159,900,537	$144,150,575	$12,363,253
2021	$143,919,448	$142,865,515	$77,281,760	$1,053,933
2020	$126,789,182	$132,588,970	$72,803,613	$-5,799,788
2019	$158,807,440	$157,465,244	$68,867,064	$1,342,196
2018	$138,303,206	$138,007,755	$68,657,702	$295,451

GOODWILL INDUSTRIES OF SOUTH FLORIDA INC