GULFSTREAM GOODWILL INDUSTRIES INC (EIN 591197040) - 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

1966

Legal Domicile

Principal Officer

KEITH KENNEDY

Phone

5618487200

Tax Period

2023-01-01 to 2023-12-31

GULFSTREAM GOODWILL INDUSTRIES INC, founded in 1966, is a mid-sized nonprofit in the Employment sector that reported $55.5M in total revenue in fiscal year 2023.

Mission

GULFSTREAM GOODWILL CHANGES LIVES THROUGH HOUSING, TRAINING, EDUCATION AND EMPLOYMENT.

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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 $49,292,186

Program Service Revenue $3,467,123

Investment Income $26,328

Other Revenue $2,691,641

TOTAL REVENUE $55,477,278

Expense Breakdown

Grants Paid $185,147

Salaries & Benefits $28,385,669

Fundraising Expenses $567,771

Program Expenses $51,976,338

Other Expenses $30,976,295

TOTAL EXPENSES $59,547,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,477,278	$54,290,312	+0.0%
Expenses	$59,547,111	$58,094,713	+0.0%
Net Income	$-4,069,833	$-3,804,401	+0.1%

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

1190

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

$1,830,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN MCCABE	CHAIR	1.00	Officer Director	$0	$0	$0
DAN BARSKY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATIE COLON	TREASURER	1.00	Officer Director	$0	$0	$0
AMY TESTA	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL COWAN	DIRECTOR	1.00	Director	$0	$0	$0
CARL NICOLA	DIRECTOR	1.00	Director	$0	$0	$0
CEDRICK THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MARK AITKEN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREL BAKER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BANISTER	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO CHIANG	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CORLEY	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SMOLENS	DIRECTOR	1.00	Director	$0	$0	$0
CLIVE STUART-FINDLAY	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY TREFTS	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN ZIPERN	DIRECTOR	1.00	Director	$0	$0	$0
RAY ZUCARO	DIRECTOR	1.00	Director	$0	$0	$0
KEITH KENNEDY	PRESIDENT AND CEO	58.00	Officer	$414,220	$104,999	$519,219
KAREN DAVIDSON	CHIEF FINANCIAL OFFICER	58.00	Officer	$304,636	$65,985	$370,621
KEVIN BENDER	CHIEF OPERATING OFFICER	60.00	Officer	$219,226	$15,932	$235,158
KARL TOMECEK	VP OF MIS	60.00	Officer	$221,656	$20,632	$242,288
SHANNON MCGHEE	VP OF EDUCATION & DEVELOPMENT	60.00	Officer	$135,311	$5,720	$141,031
LAURIE MEYER	VP OF HR	60.00	Officer	$157,847	$5,971	$163,818
ERIN KOZLOWSKI	VP OF PHILANTHROPY	60.00	Officer	$151,895	$6,199	$158,094
MARY FLACK	VP OF MARKETING (END 12/24)	60.00		$129,632	$5,247	$134,879
LAURA CONTRERA	VP OF HUMAN SERVICES (END 12/24)	60.00		$138,626	$10,683	$149,309

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	$55,477,278	$59,547,111	$56,953,825	$-4,069,833
2022	$54,290,312	$58,094,713	$63,348,506	$-3,804,401
2021	$55,365,171	$52,347,892	$26,735,282	$3,017,279
2020	$50,072,108	$46,738,709	$25,557,321	$3,333,399
2019	$48,622,390	$51,284,211	$17,338,936	$-2,661,821
2018	$49,601,371	$49,273,897	$19,329,876	$327,474

GULFSTREAM GOODWILL INDUSTRIES INC