GOODWILL INDUSTRIES OF CENTRAL FLORIDA INC

EIN: 590908166 501(c)(3)

ORLANDO, FL

Total Revenue
$117,257,449
Total Expenses
$93,886,913
Total Assets
$200,894,112
Net Assets
$131,501,144
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
FL
Principal Officer
EDWARD J DURKEE
Phone
4078570659
Tax Period
2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF CENTRAL FLORIDA INC, founded in 1959, is a major nonprofit that reported $117.3M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $23.4M, a strong 20% operating margin.

Mission

THE MISSION OF GOODWILL INDUSTRIES OF CENTRAL FLORIDA, INC. IS "BUILDING LIVES THAT WORK."

Program Service Accomplishments

Program 1
Expenses: $84,220,747 Revenue: $738,495

THE DONATED GOODS RETAIL OF GOODWILL INDUSTRIES OF CENTRAL FLORIDA PROVIDES AN AVENUE FOR THE SALE OF RECYCLED GOODS EXTENDING THE LIFE OF CLOTHING & HOUSEHOLD ITEMS. ADDITIONALLY, DGR IS A TRAINING...

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THE DONATED GOODS RETAIL OF GOODWILL INDUSTRIES OF CENTRAL FLORIDA PROVIDES AN AVENUE FOR THE SALE OF RECYCLED GOODS EXTENDING THE LIFE OF CLOTHING & HOUSEHOLD ITEMS. ADDITIONALLY, DGR IS A TRAINING GROUND FOR SUSTAINABLE EMPLOYMENT AND CAREER GROWTH IN TARGETED COMMUNITIES THROUGH HIGHQUALITY EMPLOYMENT PRACTICES. FUNDS GENERATED THROUGH DGR DRIVE THE MISSION OF "BUILDING LIVES THAT WORK" BY INCREASING OUR CAPACITY TO HIRE,SUPPORTING THE FINANCIAL & CAREER GOALS OF ALL EMPLOYEES, & SPONSORING THE EMPLOYMENT OF PERSONS WITH WORKPLACE CHALLENGES (BEHAVIOR DISORDERS, PHYSICAL/MENTAL DISABILITIES, REENTERING CITIZENS, & THOSE CHRONICALLY UNDEREMPLOYED OR UNEMPLOYED). SUCCESS OF THE MISSION IN 2023 IS DEMONSTRATED THROUGH EMPLOYMENT OF 2431 INDIVIDUALS AND RAISING BASE PAY FROM $14.50 TO $15.50.

Program 2
Expenses: $652,093 Revenue: $206,505

WE COMPLEMENT THE MISSION EXPRESSED THROUGH DONATED GOODS RETAIL (DGR) THROUGH COMMUNITY BASED SERVICES FOR EMPLOYMENT NAVIGATION, FINANCIAL\ CAPACITY BUILDING, CAREER NAVIGATION, EDUCATION AND...

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WE COMPLEMENT THE MISSION EXPRESSED THROUGH DONATED GOODS RETAIL (DGR) THROUGH COMMUNITY BASED SERVICES FOR EMPLOYMENT NAVIGATION, FINANCIAL\ CAPACITY BUILDING, CAREER NAVIGATION, EDUCATION AND TRAINING ATTAINMENT, AND PERSONAL CRISIS REFERRALS. SUCCESS OF THIS MISSION EXPRESSION IS EVIDENT THROUGH 193 JOBS SECURED, 564 PARTICIPANTS IN PROSPERITY PLANNING (FINANCIAL AND CAREER ASSET DEVELOPMENT), AND 2,977 TOTAL PERSONS SERVED IN 2023.

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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 $113,729,139
Program Service Revenue $934,012
Investment Income $2,583,310
Other Revenue $10,988
TOTAL REVENUE $117,257,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,121,855
Fundraising Expenses $0
Program Expenses $84,872,840
Other Expenses $30,765,058
TOTAL EXPENSES $93,886,913

Year-over-Year Comparison

2023 2022 Change
Revenue $117,257,449 $105,147,944 +0.1%
Expenses $93,886,913 $80,548,627 +0.2%
Net Income $23,370,536 $24,599,317 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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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
2431
Volunteers
12

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
7
$867,112
Total Directors
13
$547,528
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN ORTH DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WALL CHAIR 5.00
Officer Director
$0 $0 $0
CATHLEEN BALBOA CHAIR 5.00
Officer Director
$0 $0 $0
EDWARD J DURKEE PRESIDENT & CEO 40.00
Officer Director
$534,646 $12,882 $547,528
GARY BLANCHETTE CHAIR-ELECT 1.00
Director
$0 $0 $0
GEORGE HAGERTY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ROB LOWE DIRECTOR 1.00
Director
$0 $0 $0
BRUCE MATZNER TREASURER 5.00
Officer Director
$0 $0 $0
JEREMY S SLOANE SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE MILLER DIRECTOR 1.00
Director
$0 $0 $0
RONALD NESBITT DIRECTOR 1.00
Director
$0 $0 $0
OLUCHI CHUKU DIRECTOR 1.00
Director
$0 $0 $0
RAEGAN LE DOUARON DIRECTOR 1.00
Director
$0 $0 $0
CURTIS RAMSEY CFO/VP OF ACCOUNTING 40.00
Officer
$215,246 $6,905 $222,151
MARIO FERNANDEZ CFO 40.00
Officer
$96,426 $1,007 $97,433
ARNOLD SANCHEZ CHIEF OPERATING OFFICER 40.00
Highest
$211,924 $0 $211,924
JILL HILL CHIEF PEOPLE OFFICER 40.00
Highest
$218,742 $1,730 $220,472
LAWRENCE W GABOURY VP, REAL ESTATE AND CONSTRUCTION 40.00
Highest
$182,947 $6,891 $189,838
LAURA E SHARP-EDGE OFFICER, RETAIL MANAGEMENT 40.00
Highest
$177,547 $2,229 $179,776
VANESSA SHELDON OFFICER, RETAIL MANAGEMENT 40.00
Highest
$169,742 $2,475 $172,217
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 $117,257,449 $93,886,913 $200,894,112 $23,370,536
2022 $105,147,944 $80,548,627 $179,394,713 $24,599,317
2021 $91,960,618 $67,225,814 $168,287,890 $24,734,804
2020 $55,363,820 $57,114,863 $98,755,997 $-1,751,043
2019 $65,365,321 $61,198,136 $109,926,382 $4,167,185
2018 $64,700,997 $60,283,508 $76,742,091 $4,417,489
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