GOODWILL INDUSTRIES OF CENTRAL FLORIDA INC (EIN 590908166) - 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

1959

Legal Domicile

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

GOODWILL INDUSTRIES OF CENTRAL FLORIDA, INC. IS A 501C3 THAT RESELLS DONATED GOODS SUCH AS CLOTHING AND HOUSEHOLD GOODS IN 30 RETAIL/OUTLET STORES WHILE OFFERING EMPLOYMENT TO OVER 1200 INDIVIDUALS IN BREVARD, LAKE, ORANGE, OSCEOLA, VOLUSIA AND SEMINOLE COUNTIES. GICF PROVIDES JOB PREPARATION, SKILL BUILDING, JOB PLACEMENT OPPORTUNITIES, RESOURCE CONNECTIVITY AND POST-EMPLOYMENT SUPPORT TO THE COMMUNITY AND OUR EMPLOYEES WITH AND WITHOUT DISABILITIES SEEKING ASSISTANCE WITH ECONOMIC SUCCESS THROUGH OUR DONATED GOODS RETAIL OPERATION, THE VIRTUAL JOB CONNECTION CENTER, WORKFORCE DEVELOPMENT, LIFT, THE NEIGHBORHOOD CENTERS FOR FAMILIES AND PROSPERITY PLANNING AND COACHING SERVICES.

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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 $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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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

2431

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

$867,112

Total Directors

$547,528

Key Employees

Highest Compensated

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

GOODWILL INDUSTRIES OF CENTRAL FLORIDA INC