GOODWILL ENDOWMENT INC (EIN 593387329) - 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

1996

Legal Domicile

Principal Officer

DAVID REY

Phone

9043841361

Tax Period

2024-01-01 to 2024-12-31

GOODWILL ENDOWMENT INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $596K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $544K, a strong 91% operating margin.

Mission

GOODWILL ENDOWMENT, INC. PROVIDES FINANCIAL SUPPORT TO GOODWILL INDUSTRIES OF NORTH FLORIDA, INC. FOR THE OPERATION OF ITS MISSION, WHICH IS A LOCAL, NOT-FOR-PROFIT THAT REMOVES BARRIERS TO EMPLOYMENT THROUGH TRAINING, EDUCATION AND CAREER OPPORTUNITIES FOR THE COMMUNITIES IT SERVES.

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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 $0

Program Service Revenue $0

Investment Income $595,767

Other Revenue $0

TOTAL REVENUE $595,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $51,741

TOTAL EXPENSES $51,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$595,767	$988,373	-0.4%
Expenses	$51,741	$85,873	-0.4%
Net Income	$544,026	$902,500	-0.4%

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

N/A

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

$847,059

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SUGRUE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RANDOLPH MOORER	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
CURTIS HENSON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
PATRICK D COLEMAN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KERRI STEWART	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KEVIN HYDE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DAVID REY	CEO	1.00	Officer	$0	$25,820	$434,959
NAOMI JACKSON	CHIEF OPERATING OFFICER	1.00	Officer	$0	$10,303	$232,975
NICK BUSCEMI	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$14,828	$179,125
RACHAEL MUELLER	CHIEF FUND DEVELOPMENT OFF	1.00	Highest	$0	$9,245	$173,742

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	$595,767	$51,741	$14,992,154	$544,026
2023	$988,373	$85,873	$13,435,153	$902,500
2022	$268,521	$49,628	$11,909,847	$218,893
2021	$764,154	$40,901	$13,471,153	$723,253
2020	$1,842,391	$257,668	$12,197,233	$1,584,723
2019	$408,073	$183,803	$11,037,284	$224,270
2018	$703,107	$152,691	$9,879,866	$550,416

GOODWILL ENDOWMENT INC