GOODWILL INDUSTRIES OF ACADIANA INC

EIN: 721179550 501(c)(3) Employment

LAFAYETTE, LA

Total Revenue
$9,003,379
Total Expenses
$7,538,416
Total Assets
$18,598,031
Net Assets
$12,866,743
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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
1990
Legal Domicile
LA
Principal Officer
DEACON EDWARD J BOUSTANY
Phone
3372615811
Tax Period
2023-01-01 to 2023-12-31

GOODWILL INDUSTRIES OF ACADIANA INC, founded in 1990, is a community nonprofit in the Employment sector that reported $9.0M in total revenue in fiscal year 2023. The organization ran a surplus of $1.5M, a strong 16% operating margin.

Mission

GOODWILL ENHANCES THE DIGNITY AND QUALITY OF LIFE OF INDIVIDUALS, FAMILIES, AND COMMUNITIES BY ELIMINATING BARRIERS TO OPPORTUNITY AND HELPING PEOPLE IN NEED REACH THEIR FULLEST POTENTIAL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $55,818
Program Service Revenue $1,998,769
Investment Income $0
Other Revenue $6,948,792
TOTAL REVENUE $9,003,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,943,140
Fundraising Expenses $0
Program Expenses $6,541,601
Other Expenses $4,595,276
TOTAL EXPENSES $7,538,416

Year-over-Year Comparison

2023 2022 Change
Revenue $9,003,379 $8,383,758 +0.1%
Expenses $7,538,416 $7,022,287 +0.1%
Net Income $1,464,963 $1,361,471 +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

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Governance

Voting Members
14
Independent Members
14
Employees
451
Volunteers
N/A

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
5
$187,795
Total Directors
14
$187,795
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEACON EDWARD J BOUSTANY PRESIDENT/CE 40.00
Officer Director
$187,795 $0 $187,795
JOELLE BOUDREAUX BOARD MEMBER N/A
Director
$0 $0 $0
FRANCHESCA L HAMILTON-ACKER CHAIR-ELECT N/A
Director
$0 $0 $0
SUSAN HOLIDAY CHAIR-EMERIT N/A
Officer Director
$0 $0 $0
KENNETH BOWEN III BOARD MEMBER N/A
Director
$0 $0 $0
COREY JACK BOARD MEMBER N/A
Officer Director
$0 $0 $0
AMANDA LANDRY BOARD MEMBER N/A
Officer Director
$0 $0 $0
PAUL MOLBERT BOARD CHAIR N/A
Officer Director
$0 $0 $0
ROY PROVOST BOARD MEMBER N/A
Director
$0 $0 $0
LYLE J SIMONEAUX BOARD MEMBER N/A
Director
$0 $0 $0
JOSEPH B WOLF SR SECRETARY N/A
Director
$0 $0 $0
KEN STANSBURY TREASURER N/A
Director
$0 $0 $0
JOSEPH TIDWELL BOARD MEMBER N/A
Director
$0 $0 $0
MARIA TREGRE BOARD MEMBER N/A
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 $9,003,379 $7,538,416 $18,598,031 $1,464,963
2022 $8,383,758 $7,022,287 $17,983,052 $1,361,471
2021 $8,015,680 $6,413,209 $17,825,455 $1,602,471
2020 $7,156,297 $5,923,226 $17,016,771 $1,233,071
2019 $5,930,693 $5,802,865 $15,938,516 $127,828
2018 $5,551,114 $5,188,385 $13,329,831 $362,729
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