GOODWILL INDUSTRIES - MANASOTA INC (EIN 592074391) - 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

1977

Legal Domicile

Principal Officer

DONN GITHENS

Phone

9413588561

Tax Period

2024-01-01 to 2024-12-31

GOODWILL INDUSTRIES - MANASOTA INC, founded in 1977, is a major nonprofit in the Employment sector that reported $147.0M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $140.3M left a modest 5% surplus.

Mission

GOODWILL INDUSTRIES - MANASOTA, INC. IS A FEDERALLY REGISTERED 501C3 MISSION INTEGRATED SOCIAL ENTERPRISE, A BUSINESS WITH A CHARITABLE PURPOSE FOCUSED ON "CHANGING LIVES THROUGH THE POWER OF WORK."

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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 (2024)

Revenue Breakdown

Contributions & Grants $45,584,955

Program Service Revenue $97,262,987

Investment Income $3,854,229

Other Revenue $285,353

TOTAL REVENUE $146,987,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,497,164

Fundraising Expenses $700,258

Program Expenses $130,057,181

Other Expenses $86,766,789

TOTAL EXPENSES $140,263,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,987,524	$94,829,227	+0.6%
Expenses	$140,263,953	$91,825,311	+0.5%
Net Income	$6,723,571	$3,003,916	+1.2%

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

2541

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

$1,870,739

Total Directors

$593,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONN GITHENS	PRESIDENT AND CEO	40.00	Officer Director	$575,947	$17,629	$593,576
LAURA RITCHEY	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE O'LOUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN WEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
BETSY BENAC	CHAIR	1.00	Officer Director	$0	$0	$0
XTAVIA BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BOONE	DIRECTOR	1.00	Director	$0	$0	$0
RICH CAUTERO	DIRECTOR	1.00	Director	$0	$0	$0
ROD HOLLINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCCLURE	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WEST	DIRECTOR	1.00	Director	$0	$0	$0
ADRIAN GESSEN	SNR VP ORG. DEVELOPMENT	40.00	Officer	$279,552	$7,519	$287,071
ALEXA OLIVAS	VP OPERATIONS, MANASOTA	40.00	Officer	$214,598	$11,827	$226,425
ANGELA GERHOLDT	VP OF HUMAN RESOURCES	40.00	Officer	$208,147	$9,659	$217,806
BRADY O'NEIL	VP OPERATIONS, EAST COAST	40.00	Officer	$204,711	$6,905	$211,616
MELISSA CARMAN	VP OF ENGAGEMENT	40.00	Officer	$158,771	$6,927	$165,698
MARGIE GENTER	VP MISSION SERVICES	40.00	Officer	$150,689	$17,858	$168,547
BILL THIELEN	SNR DIRECTOR INFORMATION SRVC	40.00	Highest	$169,481	$6,538	$176,019
KEVIN OUELETTE	SNR DIRECTOR SAFETY & RISK	40.00	Highest	$139,011	$5,562	$144,573
KIMBERLY GLOGOVSKY	SNR DIRECTOR REAL ESTATE	40.00	Highest	$135,396	$7,026	$142,422
LUCAS WEBER	DIRCTOR OF OPERATIONS LEADERSHIP	40.00	Highest	$117,186	$11,945	$129,131
SARA GINGERY	DIRECTOR OF LEARNING & DEV	40.00	Highest	$112,906	$4,471	$117,377

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	$146,987,524	$140,263,953	$163,511,117	$6,723,571
2023	$94,829,227	$91,825,311	$112,962,327	$3,003,916
2022	$85,730,433	$80,040,774	$102,361,839	$5,689,659
2021	$74,670,264	$67,473,057	$57,505,873	$7,197,207
2020	$77,077,507	$63,041,175	$45,406,698	$14,036,332
2019	$68,313,284	$70,347,478	$33,271,488	$-2,034,194
2018	$65,846,324	$65,170,613	$36,132,612	$675,711

GOODWILL INDUSTRIES - MANASOTA INC