GOODWILL INDUSTRIES OF SW FLORIDA INC (EIN 596196141) - 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

DOUGLAS A STEWART

Phone

2399952106

Tax Period

2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF SW FLORIDA INC, founded in 1966, is a mid-sized nonprofit in the Employment sector that reported $61.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $53.9M left a modest 12% surplus.

Mission

GOODWILL INDUSTRIES OF SOUTHWEST FLORIDA IS COMMITTED TO SERVING PEOPLE WITH DISABILITIES AND DISADVANTAGES BY OFFERING LIFE-CHANGING OPPORTUNITIES TO ACHIEVE INDEPENDENCE.

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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 $48,690,260

Program Service Revenue $1,974,794

Investment Income $7,901,201

Other Revenue $2,466,267

TOTAL REVENUE $61,032,522

Expense Breakdown

Grants Paid $266,671

Salaries & Benefits $32,452,036

Fundraising Expenses $389,947

Program Expenses $49,834,563

Other Expenses $21,139,527

TOTAL EXPENSES $53,858,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,032,522	$51,500,728	+0.2%
Expenses	$53,858,234	$49,015,182	+0.1%
Net Income	$7,174,288	$2,485,546	+1.9%

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

1869

Volunteers

406

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

$829,042

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NADEAU	PRESIDENT/CEO	40.0	Officer	$347,611	$13,379	$360,990
DOUGLAS A STEWART	CHIEF OPERATING OFFICER	40.0	Officer	$281,273	$8,639	$289,912
CAROLYN JOHNSON	CHIEF MISSION OFFICER	40.0	Officer	$167,009	$11,131	$178,140
JAMIE DUNN	SR. DIRECTOR OF IT	40.0	Highest	$145,558	$8,639	$154,197
MICHAEL MCGARVEY	SR. DIRECTOR OF OPERATIONS	40.0	Highest	$133,151	$8,519	$141,670
CYNTHIA CRIPPEN	SR. DIRECTOR OF FINANCE	40.0	Highest	$125,478	$8,639	$134,117
GERARD KINGSTON	SR. DIRECTOR OF STORES	40.0	Highest	$118,987	$12,906	$131,893
PAMELA HEBERT	SR. DIRECTOR OF HR	40.0	Highest	$118,844	$8,639	$127,483
MICHAEL W SULLIVAN	CHAIRMAN OF THE BOARD	4.0	Officer Director	$0	$0	$0
CATHERINE M SPEER	VICE CHAIRMAN OF THE BOARD	3.0	Officer Director	$0	$0	$0
ROBERT M ARNALL	SECRETARY/TREASURER	3.0	Officer Director	$0	$0	$0
DANIEL ADAMS SR	DIRECTOR	3.0	Director	$0	$0	$0
BERNARDO BARNHART	DIRECTOR	3.0	Director	$0	$0	$0
JUAN D BENDECK ESQ	DIRECTOR	3.0	Director	$0	$0	$0
SHARLENE DOZIER	DIRECTOR (THRU 11/23)	3.0	Director	$0	$0	$0
WILLIAM L MCDANIEL JR	DIRECTOR	3.0	Director	$0	$0	$0
DR JOHN D MEYER	DIRECTOR	3.0	Director	$0	$0	$0
RAY C MITCHELL JR	DIRECTOR	3.0	Director	$0	$0	$0
DALE SCHNEIDER	DIRECTOR	3.0	Director	$0	$0	$0
JOSEPH D SPIELMAN	DIRECTOR	3.0	Director	$0	$0	$0
SPENCER ROACH	DIRECTOR (AS OF 09/23)	3.0	Director	$0	$0	$0

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	$61,032,522	$53,858,234	$104,378,875	$7,174,288
2022	$51,500,728	$49,015,182	$96,910,955	$2,485,546
2021	$45,391,127	$42,354,064	$48,228,495	$3,037,063
2020	$34,342,471	$34,931,800	$43,868,683	$-589,329
2019	$37,031,191	$36,084,731	$44,405,347	$946,460
2018	$31,797,268	$32,002,375	$47,966,914	$-205,107

GOODWILL INDUSTRIES OF SW FLORIDA INC